Stock Rating Downgrade
The Value Trend Rating for LKQ Corporation (NASDAQ: LKQ) weakened in the last week from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
LKQ Corporation (NASDAQ: LKQ) stock closed at $41.04 on 9/13/24 after a large increase of 3.4%. Moreover, above average trading volume at 121% of normal accompanied the advance. The stock has risen 0.8% during the last week but 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. LKQ has a good Appreciation Score of 71 but a very low Power Rating of 11, resulting in the Negative Value Trend Rating.
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