LKQ Corp (NASDAQ: LKQ)’s stock price has gone decline by -12.98 in comparison to its previous close of 48.93, however, the company has experienced a -12.10% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-23 that LKQ (LKQ) came out with quarterly earnings of $0.82 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $1.04 per share a year ago.
Is It Worth Investing in LKQ Corp (NASDAQ: LKQ) Right Now?
The price-to-earnings ratio for LKQ Corp (NASDAQ: LKQ) is 12.11x, which is above its average ratio. Moreover, the 36-month beta value for LKQ is 1.29. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 7 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for LKQ is 265.20M and currently, short sellers hold a 1.28% of that float. On April 23, 2024, LKQ’s average trading volume was 1.54M shares.
LKQ’s Market Performance
LKQ stock saw a decrease of -12.10% in the past week, with a monthly decline of -19.33% and a quarterly a decrease of -11.14%. The volatility ratio for the week is 1.54%, and the volatility levels for the last 30 days are 1.56% for LKQ Corp (LKQ). The simple moving average for the last 20 days is -16.24% for LKQ’s stock, with a simple moving average of -14.57% for the last 200 days.
Analysts’ Opinion of LKQ
Many brokerage firms have already submitted their reports for LKQ stocks, with MKM Partners repeating the rating for LKQ by listing it as a “Buy.” The predicted price for LKQ in the upcoming period, according to MKM Partners is $68 based on the research report published on July 13, 2022 of the previous year 2022.
LKQ Trading at -16.65% from the 50-Day Moving Average
After a stumble in the market that brought LKQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.29% of loss for the given period.
Volatility was left at 1.56%, however, over the last 30 days, the volatility rate increased by 1.54%, as shares sank -18.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.43% lower at present.
During the last 5 trading sessions, LKQ fell by -12.35%, which changed the moving average for the period of 200-days by -25.76% in comparison to the 20-day moving average, which settled at $50.35. In addition, LKQ Corp saw -10.90% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LKQ starting from Zarcone Dominick P, who sale 200,000 shares at the price of $51.97 back on Mar 01 ’24. After this action, Zarcone Dominick P now owns 386,522 shares of LKQ Corp, valued at $10,394,860 using the latest closing price.
MCGARVIE BLYTHE J, the Director of LKQ Corp, sale 5,564 shares at $46.82 during a trade that took place back on Dec 14 ’23, which means that MCGARVIE BLYTHE J is holding 23,880 shares at $260,525 based on the most recent closing price.
Stock Fundamentals for LKQ
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.4 for the gross margin
The net margin for LKQ Corp stands at 0.07. The total capital return value is set at 0.12. Equity return is now at value 16.21, with 6.95 for asset returns.
Based on LKQ Corp (LKQ), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 0.91. The interest coverage ratio of the stock is 6.34.
Currently, EBITDA for the company is 1.78 billion with net debt to EBITDA at 2.99. When we switch over and look at the enterprise to sales, we see a ratio of 1.2. The receivables turnover for the company is 11.9for trailing twelve months and the total asset turnover is 0.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.47.
Conclusion
To wrap up, the performance of LKQ Corp (LKQ) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
