At the last check on Friday, LKQ Corporation’s (NASDAQ:LKQ) stock was up $0.3, moving up 0.58 percent to $52.17. The average number of shares traded per day over the past five days has been 1,141,958 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.29 fall in that time frame. In the last twenty days, the average volume was 1,107,840, while in the previous 50 days, it was 1,167,156.
Since last month, LKQ stock retreated -8.75%. Shares of the company fell to $51.49 on 08/18/23, the lowest level in the past month. A 52-week high of $59.38 was reached on 07/12/23 after having rallying from a 52-week low of $46.20. Since the beginning of this year, LKQ’s stock price has dropped by -2.32% or -$1.04, and marked a new high 12 times. However, the stock has declined by -12.14% since its 52-week high.
LKQ stock investors should be aware that LKQ Corporation (LKQ) stock had its last reported insider trading activity 72 days ago on Jun 07. Divitto Meg, the Director of the company, disposed of 2,300 shares for $54.16 on Jun 07. It resulted in a $124,580 divestment by the insider. Mendel John W sold 1,290 shares at an average price of $57.11 on May 09. The insider now owns 15,800 shares following the transaction. On May 09, Director Berard Patrick sold 968 shares at $57.12 apiece. The transaction was valued at $55,292.
Valuation Metrics
Right now, LKQ Corporation (LKQ) has a P/E ratio of about 14.03. The stock’s beta is 1.34. Besides these, the trailing price-to-sales (P/S) ratio of 1.08, the price-to-book (PB) ratio of 2.34, and the price-to-cash flow ratio of 14.59 may also be considered.
The latest dividend of $0.2750 per share was paid out, remained unchanged from last year’s $0.2750. On Thursday October 27 2022, a $0.0250 dividend increase was announced.
Financial Health
In the three months ended June 29, LKQ Corporation’s quick ratio stood at 1.10, while its current ratio was 2.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.57, and the total debt-to-equity ratio was 0.67. On the profitability front, the trailing twelve-month gross margin is 41.00% percent. In the year ended June 29, EBITDA margin amounted to 13.30%, whereas operating margins totaled 11.00%. Based on annual data, LKQ earned $5.22 billion in gross profit and brought in $12.79 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.70%. Return on equity (ROE) for the past 12 months was 18.00%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LKQ’s revenue rose 0.03% to $3.0 billion during the quarter, while net income inched up to $3.35 billion. While analysts expected LKQ Corporation to report $1.09 quarterly earnings, the actual figure was $1.09 per share. During the quarter, the company generated $477.0 million in EBITDA. The liabilities of LKQ Corporation were 8.19 billion at the end of its most recent quarter ended June 29, and its total debt was $5.33 billion. The value of shareholders’ equity is $267.56 million.
Technical Picture
This quick technical analysis looks at LKQ Corporation’s (LKQ) price momentum. With a historical volatility rate of 12.82%, the RSI 9-day stood at 28.64% on 17 August.
With respect to its five-day moving average, the current LKQ Corporation price is down by -2.40% percent or -$1.29. At present, LKQ shares trade -8.14% below its 20-day simple moving average and -3.68% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.87% below its SMA50 and -5.88% below its SMA200.
Stochastic coefficient K was 9.92% and Stochastic coefficient D was 8.35%, while ATR was 0.93. Given the Stochastic reading of 21.84% for the 14-day period, the RSI (14) reading has been calculated as 31.83%. As of today, the MACD Oscillator reading stands at -0.75, while the 14-day reading stands at -1.36.
Analyst Ratings
MKM Partners launched its rating on LKQ Corporation (NASDAQ: LKQ) to a Buy in a note to investors on July 13, 2022. LKQ Corporation (LKQ) has been rated Overweight by analysts. According to 0 brokerage firms, LKQ is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate LKQ Corporation stock as buy, with 6 recommending it as overweight.
With a median target price of $66.50, the current consensus forecast for the stock is $64.00 – $72.00. Based on these forecasts, analysts predict LKQ Corporation (LKQ) will achieve an average price target of $67.13.
