LKQ Corporation (LKQ) : Traders are bullish on LKQ Corporation (LKQ) as it has outperformed the S&P 500 by a wide margin of 3.77% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.89%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.33% in the last 1 week, and is up 6.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
LKQ Corporation (NASDAQ:LKQ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.83 and $34.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.19, notching a gain of 1.50% for the day. The total traded volume was 1,512,664 . The stock had closed at $34.67 on the previous day.
The stock has recorded a 20-day Moving Average of 4.68% and the 50-Day Moving Average is 7.13%. LKQ Corp. is up 8.24% in the last 3-month period. Year-to-Date the stock performance stands at 18.76%.
LKQ Corporation (LKQ) : The highest level LKQ Corporation (LKQ) is projected to reach is $40 for the short term and the lowest estimate is at $36. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $38.07 and the possibility the share price can swing is $1.88.
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.