The stock of LKQ Corp (NASDAQ: LKQ) has increased by 3.27 when compared to last closing price of 38.50. Despite this, the company has experienced a 4.47% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-11 that ANTIOCH, Tenn., Nov. 11, 2024 (GLOBE NEWSWIRE) — LKQ Corporation (Nasdaq: LKQ) today announced that Keystone Automotive Operations, a subsidiary of LKQ’s Specialty segment, received the Channel Partner of the Year Award at the 2024 Specialty Equipment Market Association (SEMA) Show in Las Vegas, the leading venue that brings together manufacturers and buyers within the automotive specialty equipment industry. In addition, Warn Industries, a segment of Keystone Automotive Operations, won the Off-Road/4-Wheel Drive Product Award in the Best New Products Award category.
Is It Worth Investing in LKQ Corp (NASDAQ: LKQ) Right Now?
The price-to-earnings ratio for LKQ Corp (NASDAQ: LKQ) is above average at 14.72x. The 36-month beta value for LKQ is also noteworthy at 1.28. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 7 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for LKQ is 258.14M, and at present, short sellers hold a 1.50% of that float. The average trading volume of LKQ on November 26, 2024 was 2.33M shares.
LKQ’s Market Performance
LKQ’s stock has seen a 4.47% increase for the week, with a 5.89% rise in the past month and a -6.23% fall in the past quarter. The volatility ratio for the week is 2.07%, and the volatility levels for the past 30 days are at 1.86% for LKQ Corp The simple moving average for the past 20 days is 4.50% for LKQ’s stock, with a -8.49% simple moving average for the past 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 2.63% 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 -25.93% of loss for the given period.
Volatility was left at 1.86%, however, over the last 30 days, the volatility rate increased by 2.07%, as shares surge +5.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.66% lower at present.
During the last 5 trading sessions, LKQ rose by +4.47%, which changed the moving average for the period of 200-days by -17.06% in comparison to the 20-day moving average, which settled at $38.05. In addition, LKQ Corp saw -16.80% 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 McKay Matthew J, who purchase 2,500 shares at the price of $39.75 back on Jul 29 ’24. After this action, McKay Matthew J now owns 94,670 shares of LKQ Corp, valued at $99,375 using the latest closing price.
Galloway Rick, the SVP and CFO of LKQ Corp, purchase 2,500 shares at $39.88 during a trade that took place back on Jul 29 ’24, which means that Galloway Rick is holding 58,126 shares at $99,700 based on the most recent closing price.
Stock Fundamentals for LKQ
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.38 for the gross margin
The net margin for LKQ Corp stands at 0.05. The total capital return value is set at 0.1. Equity return is now at value 11.78, with 4.69 for asset returns.
Based on LKQ Corp (LKQ), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is 4.99.
Currently, EBITDA for the company is 1.74 billion with net debt to EBITDA at 3.15. When we switch over and look at the enterprise to sales, we see a ratio of 1.09. The receivables turnover for the company is 10.81for trailing twelve months and the total asset turnover is 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.
Conclusion
In summary, LKQ Corp (LKQ) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
