Why LKQ Corp’s (LKQ) Stock Is Down 14.88% (2024)

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate LKQ Corp before investing.

In this article, we go over a few key elements for understanding LKQ Corp’s stock price such as:

Before we jump into LKQ Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

LKQ Corporation is a distributor of vehicle products. The Company’s vehicle products include replacement parts, components and systems used in the repair and maintenance of vehicles, and specialty aftermarket products and accessories to improve the performance, functionality, and appearance of vehicles. It operates through four segments: Wholesale-North America; Europe; Specialty and Self Service. Its Wholesale - North America segment consists of aftermarket and salvage operations, sells five product types, including aftermarket, original equipment manufacturer (OEM) recycled, OEM remanufactured, OEM refurbished and new OEM parts. Its Europe segment’s vehicle replacement products include a variety of small mechanical products, discs and sensors, clutches, and other. Its Specialty segment serves truck and off-road; speed and performance; recreational vehicles; towing; wheels, tires, and performance handling; and other. The Self-Service segment operates self-service retail facilities.

Want to learn more about LKQ Corp’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about LKQ Corp.

As of April 23, 2024, 4:00 PM, CST, LKQ Corp’s stock price was $41.65.

LKQ Corp is down 14.88% from its previous closing price of $48.93.

During the last market session, LKQ Corp’s stock traded between $48.84 and $49.50. Currently, there are 267.60 million shares of LKQ Corp stock available for purchase.

LKQ Corp’s price-earnings (P/E) ratio is currently at 13.9, which is low compared to the Auto, Truck & Motorcycle Parts industry median of 14.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

LKQ Corp’s (LKQ) price is currently down 22.02% so far this month.

During the month of April, LKQ Corp’s stock price has reached a high of $53.53 and a low of $41.46.

Over the last year, LKQ Corp has hit prices as high as $59.38 and as low as $41.49. Year to date, LKQ Corp’s stock is down 22.02%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 22, 2024, there was 1 analyst who downgraded LKQ Corp’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate LKQ Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on LKQ Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

LKQ Corp’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about LKQ Corp (LKQ) by visiting AAII Stock Evaluator.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 22, 2024, LKQ Corp has a weighted four-quarter relative price strength of -6.58%, which translates to a Momentum Score of 42 and is considered to be Average.

Want to learn more about how LKQ Corp is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

As of April 23, 2024, LKQ Corp’s stock price is $41.65, which is down 14.88% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like LKQ Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.