Based on the provided data and recent market activity, LKQ Corporation's stock presents a mixed outlook. The stock is currently trading at $37.35, showing a modest gain of 0.27% in the last regular trading session .
Technical Analysis
The stock is currently trading near its Fibonacci pivot point of $37.32, with immediate resistance at $38.47 and support at $36.16. The RSI-14 reading of 47.63 indicates neutral momentum, while the MACD at -0.10 suggests slight bearish pressure in the near term.
Fundamental Analysis
LKQ is expected to report Q4 earnings on February 20, 2025, with analysts projecting EPS of $0.75, down 10.7% from $0.84 in the year-ago quarter. For fiscal 2024, analysts expect EPS of $3.43, representing a 10.4% decline from 2023, though a rebound is anticipated in 2025 with projected EPS growth of 8.5% to $3.72.
Analyst Consensus
The stock maintains a "Strong Buy" rating from analysts, with 6 Strong Buy, 1 Moderate Buy, and 1 Hold recommendation. The average price target of $53.43 suggests significant upside potential from current levels.
Recommendation
Given the current technical setup showing neutral momentum and upcoming earnings, coupled with strong analyst support despite near-term earnings pressure, a HOLD position is recommended until after the earnings report on February 20th provides more clarity on the company's outlook.