LKQ Corporation Stock Report
Publication Date: September 22, 2024
Company Overview
LKQ Corporation, headquartered in Chicago, Illinois, is a prominent player in the auto parts distribution industry, specializing in providing replacement parts and components for vehicle repair and maintenance. The company operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. LKQ offers an extensive range of products, including automotive body panels, lights, mechanical parts, and recreational vehicle appliances. Serving a diverse clientele, including collision and mechanical repair shops, car dealerships, and retail customers, LKQ has established a solid market presence across the United States and various European nations. Incorporated in 1998, LKQ operates within the Consumer Cyclical sector and is recognized as a publicly traded stock.
Industry Outlook
The auto parts industry, categorized under the consumer cyclical sector, presents a promising investment opportunity. Analysts recommend a buy due to the sector’s resilience and growth potential, attributed to the ongoing demand for auto components. With a total revenue of approximately $14.48 billion, the industry showcases significant operational scale. Projections indicate a target high price of $60.00, suggesting strong potential for value appreciation and further reinforcing the prospect of investors engaging with this sector.
Stock Performance and Investor Sentiment
As of the latest report, LKQ Corporation has a current stock price of $40.01, which presents possible upward movement, considering the target high price of $60.00 and an average target price of $55.03. With 263,256,000 outstanding shares and 4,994,661 shares currently shorted, the short interest stands at approximately 2.14%, which indicates a generally positive investor sentiment. The stock has experienced a fifty-two-week high of $53.68 and a low of $35.57, currently trading near its lower threshold. Analyst recommendations reflect a positive outlook, with a mean recommendation score of 1.8 derived from seven analysts, indicating broad support for LKQ as a solid investment opportunity at present price levels.
| Metric | Value |
|---|---|
| Market Cap | $10.5b |
| Total Debt | $5.7b |
| Total Cash | $277.0m |
| Shares Outstanding | 263.3m |
| Float Shares | 261.1m |
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