What Are The Chances Of LKQ Corp (NASDAQ: LKQ) Becoming A Clear Buy?

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. The stock was recently discussed on Yahoo Finance as it revealed that LKQ Corporation to Release Fourth Quarter and Full Year 2023 Results on Thursday, February 22, 2024.

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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 $48.29 and fluctuated between $48.40 as its day high and $47.44 as its day low. The current market capitalization of LKQ Corp is $12.92B. A total of 1.26 million shares were traded on the day, compared to an average of 1.76M 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 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 24 BUYs and 54 SELLs from insiders. Insiders purchased 311,351 shares during that period but sold 6,611,237.

In the most recent transaction, MCGARVIE BLYTHE J sold 5,564 shares of LKQ for 46.82 per share on Dec 14. After the transaction, the Director now owns 23,880 company shares. In a previous transaction on Dec 13, Laroyia Varun sold 35,000 shares at 45.99 per share. LKQ shares that EVP and CEO of LKQ Europe owns now total 153,805.

Among the insiders who sold shares, Zarcone Dominick P disposed of 32,000 shares on Sep 05 at a per-share price of $51.74. This resulted in the President and CEO holding 495,004 shares of LKQ after the transaction. In another insider transaction, Divitto Meg sold 2,300 shares at $54.16 per share on Jun 07. Company shares held by the Director now total 15,607.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. LKQ Corp pays an annual dividend of $1.12, resulting in a dividend yield of 2.33%, and it has a price to earnings (P/E) ratio of 13.60. LKQ’s most recent ex-dividend date was 11/15/2023 when it declared a $0.30 quarterly dividend that was paid in cash on 11/30/2023. Previously, the company paid the dividend on 8/31/2023 with an ex-dividend date of 8/16/2023. The LKQ stock dividend was $0.2750 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 $61.89 with high estimates of $68.00 and low estimates of $55.00. In terms of 52-week highs and lows, LKQ has a high of $59.38 and a low of $41.49.

As of this writing, LKQ has an earnings estimate of $0.76 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.82 per share and a lower estimate of $0.68.

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. LKQ’s latest balance sheet shows that the firm has $274.00M in Cash & Short Term Investments as of fiscal 2021. There were $4.22B in debt and $2.17B in liabilities at the time. Its Book Value Per Share was $22.24, while its Total Shareholder’s Equity was $5.81B.

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, 0 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 Buy with a score of 4.67.

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