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LKQ (LKQ) Outpaces Stock Market Gains: What You Should Know
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LKQ (LKQ - Free Report) closed at $57.73 in the latest trading session, marking a +0.79% move from the prior day. This change outpaced the S&P 500's 0.62% gain on the day. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.03%.
Heading into today, shares of the vehicle components company had lost 2.86% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 5.73% and lagging the S&P 500's gain of 0.87% in that time.
Investors will be hoping for strength from LKQ as it approaches its next earnings release. In that report, analysts expect LKQ to post earnings of $0.77 per share. This would mark year-over-year growth of 11.59%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.07 billion, up 3.88% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.87 per share and revenue of $12.97 billion, which would represent changes of +51.76% and +11.54%, respectively, from the prior year.
Any recent changes to analyst estimates for LKQ should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.36% higher. LKQ currently has a Zacks Rank of #2 (Buy).
Digging into valuation, LKQ currently has a Forward P/E ratio of 14.93. Its industry sports an average Forward P/E of 21.2, so we one might conclude that LKQ is trading at a discount comparatively.
The Automotive - Replacement Parts industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 28, putting it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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LKQ (LKQ) Outpaces Stock Market Gains: What You Should Know
LKQ (LKQ - Free Report) closed at $57.73 in the latest trading session, marking a +0.79% move from the prior day. This change outpaced the S&P 500's 0.62% gain on the day. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.03%.
Heading into today, shares of the vehicle components company had lost 2.86% over the past month, outpacing the Auto-Tires-Trucks sector's loss of 5.73% and lagging the S&P 500's gain of 0.87% in that time.
Investors will be hoping for strength from LKQ as it approaches its next earnings release. In that report, analysts expect LKQ to post earnings of $0.77 per share. This would mark year-over-year growth of 11.59%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.07 billion, up 3.88% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.87 per share and revenue of $12.97 billion, which would represent changes of +51.76% and +11.54%, respectively, from the prior year.
Any recent changes to analyst estimates for LKQ should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.36% higher. LKQ currently has a Zacks Rank of #2 (Buy).
Digging into valuation, LKQ currently has a Forward P/E ratio of 14.93. Its industry sports an average Forward P/E of 21.2, so we one might conclude that LKQ is trading at a discount comparatively.
The Automotive - Replacement Parts industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 28, putting it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.