LKQ Corp. Shares Rise, Breaking Two-Day Losing Streak
December 28, 2023
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LKQ ($NASDAQ:LKQ) Corp. shares rose on Wednesday, breaking a two-day losing streak. LKQ Corp. is a leading provider of alternative automotive parts, including recycled and remanufactured parts, as well as repair and maintenance services. It operates in North America, Europe, and Taiwan, and distributes its products through a variety of channels such as retail chains, collision repair shops, and warehouses. The company’s stock has seen steady growth over the past year, but investors will be watching the stock closely in the days ahead to see if it can maintain the momentum from Wednesday’s increase.
Share Price
Tuesday marked an end to LKQ Corporation‘s two-day losing streak, as their stock opened and closed at $47.9, a 0.3% increase from the previous closing price of $47.8. The slight upswing in share price followed a consistent downtrend since the beginning of the year. Investors responded positively to the news, with many hoping that this incremental increase could signal the start of a larger recovery for the company. While LKQ Corp. still faces challenges ahead, Tuesday’s news bodes well for the future of the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lkq Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 13.37k | 953 | 7.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lkq Corporation. More…
| Operations | Investing | Financing |
| 1.38k | -2.46k | 1.21k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lkq Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.17k | 9.17k | 22.26 |
Key Ratios Snapshot
Some of the financial key ratios for Lkq Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.6% | 12.9% | 10.9% |
| FCF Margin | ROE | ROA |
| 8.1% | 15.3% | 6.0% |
Analysis
As GoodWhale’s analysis of LKQ CORPORATION‘s fundamentals shows, the company is strong in asset and profitability, and medium in dividend and growth according to Star Chart. Additionally, LKQ CORPORATION has a high health score of 8/10 regarding its cashflows and debt, meaning that it is capable of sustaining future operations even in times of crisis. We classify LKQ CORPORATION as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Investors who are looking for a company with stable growth potential will likely be interested in a company like LKQ CORPORATION. More…
Peers
LKQ Corp is one of the largest suppliers of aftermarket automotive parts and accessories in North America and Europe. The company has a network of over 60 facilities across the globe and employs over 30,000 people. LKQ competes with Central Automotive Products Ltd, Suzhou Jin Hong Shun Auto Parts Co Ltd, and Free Flow Inc.
– Central Automotive Products Ltd ($TSE:8117)
Central Automotive Products Ltd is a leading manufacturer of automotive components and systems. The company has a market cap of 41.41B as of 2022 and a return on equity of 10.61%. Central Automotive Products Ltd manufactures a wide range of components and systems for the automotive industry, including engine and transmission components, suspension and steering components, and electrical and electronic components. The company has a strong presence in the Chinese automotive market and is expanding its operations globally.
– Suzhou Jin Hong Shun Auto Parts Co Ltd ($SHSE:603922)
As of 2022, Suzhou Jin Hong Shun Auto Parts Co Ltd has a market cap of 3.49B. The company’s ROE for the same year is 1.59%.
Suzhou Jin Hong Shun Auto Parts Co Ltd is a leading manufacturer and supplier of auto parts in China. The company’s products include engine parts, suspension parts, body parts, and electrical parts.
– Free Flow Inc ($OTCPK:FFLO)
Flow Inc is a publicly traded company with a market capitalization of 12.92 million as of 2022. The company has a return on equity of 121.08%. Flow Inc is a provider of water and wastewater services to residential, commercial, and industrial customers in the United States. The company operates through two segments, Water and Wastewater.
Summary
LKQ Corporation saw an uptick in their shares on the market, breaking a two-day losing streak. For investors, this could be a sign that there is positive sentiment around the stock. Analysts are noting that the company’s strong balance sheet and recent performance, as well as its forward guidance could be factors in the rise.
Looking forward, investors should consider the company’s ability to capitalize on current trends, as well as focus on any potential risk factors such as macroeconomic uncertainty. Overall, investors should assess the company’s fundamentals and outlook when deciding whether or not to invest in LKQ Corporation.
