LKQ Corp. Stock Climbs Modestly on Mixed Day for the Market
April 20, 2023
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On Tuesday, LKQ ($NASDAQ:LKQ) Corp. stock rose modestly, climbing 0.66% to $56.54 as the S&P 500 experienced a mixed trading session. LKQ Corporation is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. The global company is based in the United States and operates in the Americas, Europe, China, and Taiwan. It provides customers with a selection of products, including aftermarket and OEM recycled parts, remanufactured engines, and more. LKQ has seen steady growth in recent years, and despite the volatility of the markets due to the pandemic, its stock has remained relatively stable.
The company has reported strong earnings in recent quarters, and analysts expect the trend to continue in the near future. In spite of today’s mixed performance, investors remain confident that the company will weather the current headwinds.
Stock Price
On Wednesday, LKQ Corporation (LKQ) stock opened at $56.3 and closed at $55.9, a modest 1.1% decrease from its last closing price of $56.5. The stock’s small dip came despite a mixed day for the broader market, with the S&P 500 rising slightly and the Dow Jones Industrial Average declining slightly. The mild decrease in LKQ’s stock price can be attributed to a slew of short-term developments the company recently experienced. In the last few weeks, its share price has been driven down by analyst downgrades and reports of weaker-than-expected earnings estimates.
In the long term, LKQ remains well-positioned to benefit from its solid reputation for quality parts and services. As such, investors are likely to remain optimistic about the company as they look ahead to future earnings reports and updates on strategic initiatives. 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 |
| 12.79k | 1.15k | 8.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lkq Corporation. More…
| Operations | Investing | Financing |
| 1.25k | 172 | -1.39k |
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 |
| 12.04k | 6.55k | 20.4 |
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 |
| 0.8% | 13.7% | 12.5% |
| FCF Margin | ROE | ROA |
| 8.0% | 18.6% | 8.3% |
Analysis
GoodWhale has performed an analysis of LKQ CORPORATION‘s financials and classified the company as a ‘cow’, which indicates a track record of paying out consistent and sustainable dividends. We believe that this type of company would be of particular interest to dividend investors, who are looking for steady income streams. Our analysis also revealed that LKQ CORPORATION has a high health score of 8/10. This is based on its cashflows and debt, which is a good indication that it is capable of paying off debt and funding future operations. Moreover, our analysis showed that LKQ CORPORATION is strong in profitability and medium in asset, dividend, and growth. This suggests that the company is in a good position to continue to generate healthy returns for its investors. 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 a slight increase of 0.66% in their stock price on Tuesday, mirroring the overall mixed performance of the S&P 500. This uptick may be seen as an optimistic sign for investors in the company, suggesting that the market is confident in the potential of the company. Analysts will be keeping a close eye on any future changes in LKQ Corporation’s stock and will be monitoring the overall market conditions to determine whether this increase is indicative of any sustained growth.
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