Price Target Update on LKQ Corporation (NASDAQ:LKQ)

LKQ Corporation (NASDAQ:LKQ) : Average target price received by LKQ Corporation (NASDAQ:LKQ) is $38.19 with an expected standard deviation of $2. The most aggressive target on the stock is $40, whereas the most downbeat target is $36. 8 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Baird maintains its rating on LKQ Corporation (NASDAQ:LKQ). The global brokerage major raises the current price target from $34 per share to $36 per share. Analysts at the Baird have a current rating of Outperform on the shares. The rating by the firm was issued on March 22, 2016.

LKQ Corporation (NASDAQ:LKQ): stock turned positive on Thursday. Though the stock opened at $33.22, the bulls momentum made the stock top out at $33.62 level for the day. The stock recorded a low of $33.05 and closed the trading day at $33.61, in the green by 2.34%. The total traded volume for the day was 2,146,673. The stock had closed at $32.84 in the previous days trading.

The company shares have rallied 8.28% from its 1 Year high price. On Apr 27, 2016, the shares registered one year high at $34.26 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $32.56 and the 200 Day Moving Average price is recorded at $30.01. On the companys insider trading activities, Wagman Robert L, (President and CEO) of Lkq Corp, unloaded 10,000 shares at an average price of $33.04 on June 2, 2016. The total amount of the transaction was worth $330,400, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

LKQ Corporation is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories. The company distributes a variety of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, recycled collision and mechanical products, refurbished collision products such as wheels, bumper covers and lights, and remanufactured engines. It is a provider of alternative vehicle collision replacement products and alternative vehicle mechanical replacement products, with its sales, processing, and distribution facilities reaching markets in the United States and Canada. It also provides alternative vehicle replacement and maintenance products in the United Kingdom and the Benelux region of continental Europe. The Company is organized into four segments: Wholesale – North America; Wholesale – Europe; Self Service, and Specialty.

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