LKQ Corporation [LKQ] is 42.68% higher this YTD. Is it still time to buy?

LKQ Corporation [NASDAQ: LKQ] plunged by -$0.87 during the normal trading session on Wednesday and reaching a high of $51.68 during the day while it closed the day at $50.28. The company report on May 25, 2021 that LKQ Corporation Acquires Green Bean Battery.

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LKQ Corporation (Nasdaq: LKQ), a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles, announced that it has acquired the business and assets of Green Bean Battery, LLC (“Green Bean”). Founded in 2016, Green Bean is a hybrid battery reconditioner and installer, which has developed a proprietary hybrid battery reconditioning process that creates a more reliable battery while simultaneously extending its useful life. Green Bean acquires hybrid battery cores from multiple sources, including LKQ, and reconditions them at its state-of-the-art facilities across eight trading zones located throughout the United States. As a full-service provider, Green Bean installs its reconditioned batteries at its customers’ preferred locations in each of these trading zones where LKQ operates. Green Bean currently reconditions batteries for hybrid vehicles manufactured by Toyota, Honda, General Motors, Lexus, and Nissan.

Justin Jude, President of North America Wholesale Operations of LKQ, stated, “This acquisition reinforces our ongoing commitment to expand our parts and services offerings to meet the demands and opportunities that arise from technological changes in the automobile industry. Battery reconditioning represents a natural extension of our current powertrain remanufacturing operations. In addition, Green Bean’s entrepreneurial history, proprietary technology and sustainably-focused products fit well with LKQ’s mission and culture, and we are proud to have them join our North American team.”.

LKQ Corporation stock has also gained 0.52% of its value over the past 7 days. However, LKQ stock has inclined by 24.89% in the 3 months of the year. Over the past six months meanwhile, it has gained 42.76% and gained 42.68% year-on date.

The market cap for LKQ stock reached $15.23 billion, with 303.04 million shares outstanding and 298.51 million shares in the current float. Compared to the average trading volume of 1.89M shares, LKQ reached a trading volume of 2813448 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about LKQ Corporation [LKQ]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LKQ shares is $57.13 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LKQ stock is a recommendation set at 1.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Northcoast have made an estimate for LKQ Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 08, 2020. The new note on the price target was released on July 26, 2019, representing the official price target for LKQ Corporation stock.

The Average True Range (ATR) for LKQ Corporation is set at 1.13, with the Price to Sales ratio for LKQ stock in the period of the last 12 months amounting to 1.29. The Price to Book ratio for the last quarter was 2.61, with the Price to Cash per share for the same quarter was set at 1.95. Price to Free Cash Flow for LKQ in the course of the last twelve months was 9.51 with Quick ratio for the last quarter at 0.80.

LKQ stock trade performance evaluation

LKQ Corporation [LKQ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.52. With this latest performance, LKQ shares gained by 4.75% in over the last four-week period, additionally plugging by 42.76% over the last 6 months – not to mention a rise of 78.23% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LKQ stock in for the last two-week period is set at 59.31, with the RSI for the last a single of trading hit 54.55, and the three-weeks RSI is set at 61.45 for LKQ Corporation [LKQ]. The present Moving Average for the last 50 days of trading for this stock 46.49, while it was recorded at 50.81 for the last single week of trading, and 38.02 for the last 200 days.

LKQ Corporation [LKQ]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and LKQ Corporation [LKQ] shares currently have an operating margin of +9.11 and a Gross Margin at +37.22. LKQ Corporation’s Net Margin is presently recorded at +5.49.

Return on Total Capital for LKQ is now 10.36, given the latest momentum, and Return on Invested Capital for the company is 6.54. Return on Equity for this stock inclined to 11.98, with Return on Assets sitting at 5.08. When it comes to the capital structure of this company, LKQ Corporation [LKQ] has a Total Debt to Total Equity ratio set at 75.87. Additionally, LKQ Total Debt to Total Capital is recorded at 43.14, with Total Debt to Total Assets ending up at 34.71. Long-Term Debt to Equity for the company is recorded at 70.91, with the Long-Term Debt to Total Capital now at 40.32.

Reflecting on the efficiency of the workforce at the company, LKQ Corporation [LKQ] managed to generate an average of $14,514 per employee. Receivables Turnover for the company is 10.55 with a Total Asset Turnover recorded at a value of 0.93.LKQ Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.80.

Earnings per share (EPS) analysis for LKQ Corporation [LKQ] stock

With the latest financial reports released by the company, LKQ Corporation posted 0.53/share EPS, while the average EPS was predicted by analysts to be reported at 0.16/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 231.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LKQ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for LKQ Corporation go to 33.50%.

LKQ Corporation [LKQ]: Insider Ownership positions

There are presently around $14,572 million, or 98.29% of LKQ stock, in the hands of institutional investors. The top three institutional holders of LKQ stocks are: VANGUARD GROUP INC with ownership of 27,864,993, which is approximately -0.773% of the company’s market cap and around 0.50% of the total institutional ownership; VALUEACT HOLDINGS, L.P., holding 21,547,746 shares of the stock with an approximate value of $1.08 billion in LKQ stocks shares; and BLACKROCK INC., currently with $1.03 billion in LKQ stock with ownership of nearly 7.056% of the company’s market capitalization.

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Positions in LKQ Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 247 institutional holders increased their position in LKQ Corporation [NASDAQ:LKQ] by around 25,218,650 shares. Additionally, 296 investors decreased positions by around 22,270,771 shares, while 68 investors held positions by with 242,320,002 shares. The mentioned changes placed institutional holdings at 289,809,423 shares, according to the latest SEC report filing. LKQ stock had 54 new institutional investments in for a total of 2,563,221 shares, while 62 institutional investors sold positions of 7,060,906 shares during the same period.

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