Analyst Rating Update on LKQ Corporation (LKQ)

LKQ Corporation (NASDAQ:LKQ) has an average broker rating of 1.11, which is interpreted as a Strong Buy, as rated by 9 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

LKQ Corporation (NASDAQ:LKQ) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $40 and the lowest price target forecast is $36. The average forecast of all the analysts is $38.19 and the expected standard deviation is $2.

For this week, the average consensus of the company shares are rated as a Strong Buy.

LKQ Corporation (NASDAQ:LKQ): stock turned positive on Tuesday. Though the stock opened at $29.94, the bulls momentum made the stock top out at $30.68 level for the day. The stock recorded a low of $29.68 and closed the trading day at $30.42, in the green by 3.05%. The total traded volume for the day was 2,083,655. The stock had closed at $29.52 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Wagman Robert L, (President and CEO) of Lkq Corp, had unloaded 10,000 shares at an average price of $33.04 in a transaction dated on June 2, 2016. The total value of the transaction was worth $330,400.

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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