LKQ Corporation (NASDAQ: LKQ) has reported earnings for its second fiscal quarter (ending June 30) of $0.70 versus $1.05 for the same period a year ago — a decline of -33%. This performance was $-0.33 short of the consensus estimate of $1.03. For the latest four quarters through June 30, E.P.S. were $2.75 compared to $3.73 a year ago — a decline of -26%.
Recent Price Action
LKQ Corporation (NASDAQ: LKQ) stock closed at $38.95 on 7/25/24 after a major decline of -12.4%. Moreover, trading volume in this decline was exceptionally high at 373% of normal. The stock has declined -15.4% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
LKQ is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
LKQ has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. LKQ has a slightly positive Appreciation Score of 66 but a slightly negative Power Rating of 35, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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