LKQ Price Prediction Next Week
Based on the provided data and technical analysis, here's the price prediction for LKQ Corporation for the next trading week:
Technical Analysis
The technical indicators show:
- RSI at 47.63 indicates neutral momentum, slightly leaning towards oversold territory
- MACD at -0.10 suggests bearish momentum in the short term
- Current price is trading below both 20-day SMA (37.84) and 200-day SMA (40.00), indicating a bearish trend
Fundamental Factors
- LKQ is expected to report Q4 earnings on February 20, 2025, with analysts forecasting EPS of $0.75, down 10.7% from $0.84 in the year-ago quarter
- The company's shares have declined 19.9% over the past 52 weeks, underperforming compared to the S&P 500's 22.7% surge
- Analysts maintain a "Strong Buy" rating overall, with 6 Strong Buy, 1 Moderate Buy, and 1 Hold recommendation
Fibonacci Levels for Next Week
- Resistance levels: R1: $38.47, R2: $39.18, R3: $40.34
- Support levels: S1: $36.16, S2: $35.45, S3: $34.29
- Pivot point: $37.32
Price Prediction Based on technical analysis and upcoming earnings:
- Bearish scenario (60% probability): Price could test S1 at $36.16 with potential to drop to S2 at $35.45
- Neutral scenario (30% probability): Price consolidates between $36.16 and $37.32
- Bullish scenario (10% probability): Price rebounds to R1 at $38.47
Recommendation: SELL
- Entry point: Current market price
- Target: $36.16 (S1 level)
- Stop loss: $38.47 (R1 level)
The bearish recommendation is based on:
- Negative MACD indicating downward momentum
- Price trading below key moving averages
- Expected weaker Q4 earnings
- Recent underperformance compared to broader market
LKQ Similar Chart Price Prediction
The price of LKQ is predicted to go up -2.53%, based on the high correlation periods with SBR. The similarity of these two price pattern on the periods is 95.8%.
LKQ
SBR
Down: -2.53%Similarity: 95.8%
LKQ Revenue Forecast
LKQ EPS Forecast
LKQ FAQs
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LKQ VS S&P500
Growth in miles driven increases the wear and tear on vehicles, requiring more maintenance and repair work to keep them on the road, benefiting LKQ.
LKQ's collision business could see rising demand from increasing auto claims as more drivers return to the road following the COVID-19 pandemic.
Increasing adoption of hybrid vehicles presents new revenue opportunities for LKQ, such as new battery-related parts, in addition to its ICE-related parts.
LKQ Analyst's Forecast
Craig Kennison
Baird
Buy
2024-10-25
Price Target
$50 → $48
Upside
+27.83%
Baird analyst Craig Kennison lowered the firm's price target on LKQ Corp. to $48 from $50 and keeps an Outperform rating on the shares. The firm said they met expectations but lowered guidance. Baird said they like the stock for value investors noting an 8.5% FCF yield and 3.2% dividend yield, and note potential for a re-rating as management streamlines the portfolio.
