Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for LKQ Corporation (NASDAQ: LKQ) weakened during the last several trading days. LKQ’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
LKQ Corporation (NASDAQ: LKQ) stock enjoyed a large increase of 2.0% on 8/23/24. The stock closed at $42.63. However, unusually low trading volume at 66% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 6.6% during the last week.
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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. LKQ has a slightly positive Appreciation Score of 70 but a very low Power Rating of 14, resulting in the Negative Value Trend Rating.
Be the first to comment