LKQ Corporation (NASDAQ:LKQ) currently has a daily average trading volume of 1.67M but it saw 2107019 shares traded on Thursday. With a market cap of 14.99B USD, stock’s current market price of $54.74 came rising about 2.57 while comparing to the previous closing price of $53.37. In past 52 weeks, the stock remained buoying in the range of price level as high as $59.33 and as low as $43.37. In the recent trading on the day, stock has struck highest price mark of $55.02 while lowest mark touched by it was $52.96.
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Taking a look at 20-day trading activity of LKQ Corporation (LKQ) gives us an average price of $56.58, while its current price level is -7.74% below from 52-week high level whereas it is 26.22% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $56.76 while that of 200 days or SMA-200 reads an average of $53.31. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.51% during that period while stretching the period over a month that decreases to 2.41%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.78 which implies that the stock is in neutral territory.
The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $61.30 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $70.00. Average price target assigned by them is $66.04 which highlights an upside potential of 17.11% for the stock over that period. And to attain the median price target of $65.50 assigned by those analysts, stock has to add about 16.43% of value to its current levels.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the MKM Partners which initiated the stock as “Buy” in its note to investors issued on July 13, 2022, recommending a price target of $68 for it.
Over the week, LKQ’s stock price is moving -2.22% down while it is -4.67% when we observe its performance for the past one month. Year-to-date it is 2.49% up and over the past year, the stock is showing an upside performance of 20.44%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2022, when its quarterly earnings per share (EPS) of $0.78 beaten by the consensus estimate of $0.86 for the same. The company is expected to be releasing its next quarterly report in 04/27/2023, for which analysts forecasted an EPS of $0.96 while estimate for next year EPS is $4.05. For LKQ, analysts are forecasting an EPS-growth rate of 5.20% for current year and estimate for EPS growth in next year is 8.10%. In next quarter, company is expected to be making quarterly sales of $3.46 billion as analysts are expecting the sales for current fiscal year at $13.28 billion and seeing the company making $13.79 billion in sales next year. Moreover, analysts are in estimates of $3.27 billion for current-quarter revenue.
Currently, LKQ Corporation’s total number of outstanding shares is 267.80M with 0.54% of that held by the insiders while 97.17% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 14.70% and return on equity (ROE) at 20.80%. It has a price to earnings ratio (P/E ratio) of 13.38 while having a 12.51 of forward P/E ratio. Stock’s beta reads 1.37. Stock has a price to book (P/B) ratio of 2.69 while price to sale or P/S ratio amounts to 1.17. Its return on asset (ROA) is 9.50% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market Index came shrinking its share ownership by 0.68% in the LKQ Corporation (LKQ) increasing its stake to 2.91% with control over 52761.0 shares in the company. In the most recent quarter, Vanguard Mid Cap Index Fund came rising its stake by 0.16% in the company and now holds 5.91 million or 2.21% of the company’s stake having worth of about 338.67 million.
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