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$51.98 -$0.31 (-0.6%)

04:00 PM EST on 03/01/24

LKQ Corp (NASDAQ:LKQ)

CAPS Rating: 5 out of 5

The Company provides replacement systems, components, and parts needed to repair light vehicles.

Current Price $51.98 Mkt Cap $13.9B
Open $52.16 P/E Ratio 14.79
Prev. Close $51.98 Div. (Yield) $1.13 (2.2%)
Daily Range $51.64 - $52.39 Volume 1,328,658
52-Wk Range $41.49 - $59.38 Avg. Daily Vol. 1,777,724

Caps

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All Players

409 Outperform
18 Underperform
 

All-Star Players

68 Outperform
2 Underperform
 

Wall Street

0 Outperform
0 Underperform
 

Top NASDAQ:LKQ Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

kmacattack (54.55)
Submitted January 05, 2012

A well run company. They are much more customer friendly than the traditional salvage yard, and I think they are going to gain a huge amount of market share from local competitors as a result. Most salvage yards employees are dirty, rude, and act… More

Top Bear Pitch

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Recent Community Commentary

Read the most recent pitches from players about LKQ.

Recs

0
Member Avatar valunvesthere (96.31) Submitted: 12/18/2023 3:59:00 AM : Outperform Start Price: $46.63 NASDAQ:LKQ Score: +2.11

In the pre-pandemic era, the average length of vehicle ownership was 8 years in America and Canada. Even shorter or almost equal on leasing terms of 2 years (24 months), 3 years (36 months), 4 years (48 months), 5 years (60 months), 6 years (72 months), 7 years (84 months). It was a time when there was abundance and plenty of choices, it's like anybody can go to a dealer view, test drive, negotiate lower prices, ask for free accessories at best or discounted accessories at worst, bargaining on protection packages, extended warranties, discuss terms for free to discounted vehicle servicing for the future on dealer lot, and etc.

Now in the post-pandemic era the length of vehicle ownership is stretching as long as they can at 8 years plus and beyond in America and Canada. The main reasons on the buyers end is employment and financial uncertainty. The sellers end is supply chain issues, inflation, high interest rates, there are limited vehicles and choices on dealer lots, and etc. Anybody who goes to a dealer now, is most likely buying vehicle sight unseen which eliminates haggling because the dealer doesn't have product as a result the dealer isn't desperate to sell to make room or inventory turnover. In the post-pandemic era consumers are ordering new vehicles specifying to the salesperson what they want and the dealer makes a firm quote which is nearly always the final price. This is basically building a car where the prices go up as customers keep adding on options, packages, etc. On top of all this if they do buy the vehicle they'll have to wait months to years as the dealer sends customers orders of specifications to the manufacturer to be built.

Due to covid, it is safe to say it's a covid legacy at worst or a temporary industry glitch at best. We definitely do know Americans and Canadians are keeping their vehicles as long as they can or indefinitely, this is possible due to TLC (Tender Love and Care), regular maintenance, necessary replacement of worn and torn parts, and etc. Whether it's a covid legacy or an temporary industry glitch the issue is upon us during time of writing and positively I'm sure the aftermarket parts retailers will benefit the most. The aftermarket parts will never replace OEM (Original Equipment Manufacturer) parts because competition is a good thing and original equipment parts are sometimes priced equally or less expensive than after market parts.

According to New York Times on March 10,2021 titled Electric Cars Are Coming. How Long Until They Rule the Road? the broad majority of vehicles were powered by internal combustion engines and less than 1% was electric powered, that's about for every 100 internal combustion engine vehicles there is 1 electric vehicle. New York Times also states automakers are shifting to electric vehicles which analysts anticipate by 2035 electric vehicles may compose of 25% of new cars, but believes 13% of all vehicles driven will be electric vehicle. With this projection this gives aftermarket auto parts a immense safety margin in staying in business in continuing to accommodate internal combustion engines for a lot more decades to come or indefinitely if expanding its business in accommodating hybrid and electric vehicle with generous time frame to do so.

The public is in no rush to shift to electric vehicles because the present electric vehicle revolution is about 25 years old with the launch of a 2008 Tesla Roadster. A few years later in the Obama era automakers rushed to get their electric vehicles to the public, so the public was wary about reliability and durability. The electric vehicle industry is still in its infancy and is not in the economy of scale stage so electric vehicles cost way too much more than internal combustion vehicles. Asides of installing a charging station where the electric vehicle will reside there's barely a convenient network of public charging infrastructure in the developed world, so because of these reasons and other reasons not mentioned the public is staying put with with the over 130 years and counting proven, reliable, durable, lower cost and massive network infrastructure of gas stations for refueling internal combustion engine vehicle a while longer, During the Obama era the Obama administration pushed automakers to shift to electric vehicles and set goals on how many electric vehicles should be on the roads annually, majority of times the goals were never met as he served his 8 years the ambitions of shifting to electric vehicles has been shelved.

Here are more aftermarket parts retailers and salvage yard picks

* Advance Auto Parts, Inc. (NYSE:AAP)

* AutoZone, Inc. (NYSE:AZO)

* Genuine Parts Company (NYSE:GPC)

* LKQ Corp (NASDAQ:LKQ)

* O'Reilly Automotive, Inc. (NASDAQ:ORLY)

* U.S. Auto Parts Network, Inc. (NASDAQ:PRTS)

Recs

0
Member Avatar Dividends500 (85.32) Submitted: 4/13/2023 1:28:25 PM : Outperform Start Price: $54.90 NASDAQ:LKQ Score: -29.92

Dividends500 tracks the healthiest dividends in the S&P 500.

To qualify for the portfolio, the company must meet three simple requirements:

- Member of the S&P 500
- Payout ratio below 50%
- Dividend growth year over year

Recs

0
Member Avatar almodovar (< 20) Submitted: 12/18/2021 4:12:37 PM : Outperform Start Price: $52.90 NASDAQ:LKQ Score: -14.70

good

Leaderboard

Find the members with the highest scoring picks in LKQ.

Score Leader

Calypso325

Calypso325 (< 20) Score: +671.28

The Score Leader is the player with the highest score across all their picks in LKQ.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
Calypso325 < 20 3/5/2007 Outperform 1Y $4.87 +965.94% +294.66% +671.28 0 Comment
dea6jer 37.55 9/5/2006 Outperform 1Y $4.97 +944.42% +315.73% +628.68 0 Comment
This player feels very strongly about this pick and has marked it a Top Pick. Top Picks do not affect a player’s score. yahoodo 62.10 8/18/2006 9/19/2016 Outperform 3Y $5.04 +930.57% +319.44% +611.13 0 Comment
rcreyes1 64.08 2/5/2007 Outperform 5Y $5.26 +886.17% +276.19% +609.99 0 Comment
miampro 48.66 2/8/2007 Outperform 1Y $5.39 +863.86% +275.98% +587.88 0 Comment
solo276 61.42 10/2/2006 Outperform 5Y $5.22 +894.73% +307.71% +587.02 0 Comment
scottlivingston 83.46 12/13/2006 Outperform 1Y $5.37 +867.29% +282.46% +584.83 0 Comment
johntdang 75.92 11/6/2006 Outperform 3Y $5.41 +860.45% +293.29% +567.16 0 Comment
SemperGumby77 70.59 12/8/2008 Outperform NS $4.55 +1,040.87% +482.02% +558.85 0 Comment
PelagicBrewer < 20 4/27/2007 Outperform 3Y $5.64 +820.99% +262.81% +558.18 1 Comment

Wall Street

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