Analyst Expects LKQ Corporation (NASDAQ: LKQ) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for LKQ Corporation (LKQ) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.49, or -1.00%, to $48.7. Volume reached 186,998 shares, with price reaching a high of $48.33 and a low of $48.33. Earlier, Yahoo Finance discussed this stock as it revealed LKQ Corporation Announces New Leadership Appointments.


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Stocks Info

As a NASDAQ listed company, LKQ falls under the Consumer Cyclical sector while operating within the Auto Parts industry segment. At the end of the last regular session, the stock closed at $48.33 and fluctuated between $49.94 as its day high and $48.32 as its day low. The current market capitalization of LKQ Corporation is $13.30B. A total of 1.68 million shares were traded on the day, compared to an average of 1.44M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, LKQ has seen 0 BUY and 14 SELL insider trades, representing the acquisition of 0 and the disposition of 98,445 shares. Over the last 12 months, there were 26 BUYs and 41 SELLs from insiders. Insiders purchased 289,923 shares during that period but sold 9,200,897.

In the most recent transaction, Mendel John W sold 1,617 shares of LKQ for 54.61 per share on Aug 04. After the transaction, the Director now owns 15,203 company shares. In a previous transaction on Jul 29, HOLSTEN JOSEPH M sold 70,000 shares at 54.58 per share. LKQ shares that Director owns now total 136,901.

Among the insiders who sold shares, ValueAct Holdings, L.P. disposed of 5,000,000 shares on May 17 at a per-share price of $50.35. This resulted in the Director holding 12,552,751 shares of LKQ after the transaction. In another insider transaction, Berard Patrick sold 702 shares at $49.72 per share on May 10. Company shares held by the Director now total 11,806.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. LKQ Corporation pays an annual dividend of $1.00, resulting in a dividend yield of 2.07%, and it has a price to earnings (P/E) ratio of 11.51. LKQ’s most recent ex-dividend date was 08/10/2022 when it declared a $0.25 quarterly dividend that was paid in cash on 09/01/2022. Previously, the company paid the dividend on 06/02/2022 with an ex-dividend date of 05/18/2022. The dividend was $0.25 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for LKQ in the last 3 months, the mean price target is $63.56 with high estimates of $70.00 and low estimates of $52.00. In terms of 52-week highs and lows, LKQ has a high of $60.43 and a low of $42.36.

As of this writing, LKQ has an earnings estimate of $0.97 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $1.0 per share and a lower estimate of $0.91. The company reported an EPS of $1.09 in the last quarter, which was 6.86% higher than expectations of $1.02.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LKQ is Hold with a score of 4.63. A total of 7 analysts rated the stock as Buy while 3 rated it as Overweight while 2 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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