rts logo

LKQ Corp (LKQ) Stock Could Soon Reward Patient Investors

LKQ Corp (NASDAQ: LKQ) is -21.57% lower on its value in year-to-date trading and has touched a low of $35.57 and a high of $53.68 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LKQ stock was last observed hovering at around $38.88 in the last trading session, with the day’s loss setting it -1.4%.

Currently trading at $37.48, the stock is -4.21% and -6.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.59 million and changing -3.60% at the moment leaves the stock -15.92% off its SMA200. LKQ registered -22.75% loss for a year compared to 6-month loss of -10.01%. The firm has a 50-day simple moving average (SMA 50) of $40.1226 and a 200-day simple moving average (SMA200) of $44.6255.

The stock witnessed a -6.60% gain in the last 1 month and extending the period to 3 months gives it a -15.74%, and is -3.90% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.72% over the week and 1.96% over the month.

LKQ Corp (LKQ) has around 49000 employees, a market worth around $9.87B and $14.48B in sales. Current P/E ratio is 13.64 and Fwd P/E is 9.52. Profit margin for the company is 5.07%. Distance from 52-week low is 5.37% and -30.18% from its 52-week high. The company has generated returns on investments over the last 12 months (6.36%).

with sales reaching $3.64B over the same period.The EPS is expected to shrink by -7.73% this year, but quarterly earnings will post 4.90% year-over-year. Quarterly sales are estimated to grow 2.00% in year-over-year returns.

LKQ Corp (LKQ) Top Institutional Holders

969.0 institutions hold shares in LKQ Corp (LKQ), with institutional investors hold 100.61% of the company’s shares. The shares outstanding are 267.20M, and float is at 261.44M with Short Float at 1.67%. Institutions hold 100.09% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 31.45 million shares valued at $1.31 billion. The investor’s holdings represent 11.7741% of the LKQ Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 26.49 million shares valued at $$1.1 billion to account for 9.9165 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 13.23 million shares representing 4.9529% and valued at over $550.2 million, while MASSACHUSETTS FINANCIAL SERVICES CO /MA/ holds 4.4719 of the shares totaling 11.94 million with a market value of $496.77 million.

LKQ Corp (LKQ) Insider Activity

The most recent transaction is an insider purchase by McKay Matthew J, the company’s SVP – General Counsel. SEC filings show that McKay Matthew J bought 2,500 shares of the company’s common stock on Jul 29 ’24 at a price of $39.75 per share for a total of $99375.0. Following the purchase, the insider now owns 94670.0 shares.

LKQ Corp disclosed in a document filed with the SEC on Jul 29 ’24 that Galloway Rick (SVP and CFO) bought a total of 2,500 shares of the company’s common stock. The trade occurred on Jul 29 ’24 and was made at $39.88 per share for $99700.0. Following the transaction, the insider now directly holds 58126.0 shares of the LKQ stock.

Still, SEC filings show that on Jul 26 ’24, Jude Justin L (President and CEO) acquired 2,500 shares at an average price of $39.91 for $99764.0. The insider now directly holds 207,515 shares of LKQ Corp (LKQ).

Related Posts