Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for LKQ Corporation (NASDAQ: LKQ) improved in recent days. LKQ’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
LKQ Corporation (NASDAQ: LKQ) stock declined slightly by -0.6% on 3/1/24. The stock closed at $51.98. However, trading volume in this decline was below average at 77% of normal. The stock has been weak relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
LKQ’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
LKQ has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. LKQ has a neutral Appreciation Score of 58 and a slightly negative Power Rating of 33, with the Low Neutral Value Trend Rating the result.
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