LKQ Price Prediction Next Week
LKQ Corporation Stock Price Prediction and Analysis
Technical Analysis:
- Current Price: $43.06 (as of 2025-03-10)
- RSI (6-period): 85.72 (overbought, suggesting potential pullback)
- MACD: Positive but with a decreasing histogram, indicating weakening upward momentum
- Fibonacci Levels:
- R1: $43.16
- R2: $43.85
- S1: $40.93
- S2: $39.12
News and Fundamental Analysis:
- Earnings Report: LKQ reported Q4 adjusted EPS of $0.80, beating expectations of $0.74. However, revenue was $3.4 billion, a 4.1% decrease from the previous year.
- FY25 Guidance: Adjusted EPS expected in the range of $3.40 to $3.70, lower than the previous year's performance.
- Pre-Market Movement: LKQ fell 4.3% to $40.94 in pre-market trading, likely due to weaker-than-expected revenue and guidance.
Price Prediction:
Based on the overbought RSI, weakening MACD, and negative pre-market movement, LKQ's stock is likely to face selling pressure. The price is expected to drop towards the Fibonacci support level of $40.24.
Recommendation:
Sell LKQ Corporation as the technical indicators and recent news suggest a bearish outlook for the next trading week. The stock is likely to decline towards $40.24.
LKQ Similar Chart Price Prediction
The price of LKQ is predicted to go up -5.41%, based on the high correlation periods with PRIM. The similarity of these two price pattern on the periods is 98.68%.
LKQ
PRIM
Down: -5.41%Similarity: 98.68%
LKQ Revenue Forecast
LKQ EPS Forecast
LKQ FAQs
What is LKQ revenue forecast for next quarter？
What is LKQ eps forecast for next quarter？
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
Samik Chatterjee
JP Morgan
Buy
2025-02-11
Price Target
$50 → $48
Upside
+27.35%
JPMorgan lowered the firm's price target on LKQ Corp. to $48 from $50 and keeps an Overweight rating on the shares. The firm also placed the shares on "Negative Catalyst Watch" ahead of the Q4 report. JPMorgan updated the company's model to reflect the latest trends pertaining to automotive collision repairs in the U.S. and the broader European automotive aftermarket, including currency headwinds driven by recent U.S. dollar strength and related margin implications. The analyst expects LKQ's Q4 report on February 20 and the accompanying 2025 outlook to be a "kitchen sink" event for the shares, saying sustained unfavorable industry trends are likely to prompt management to guide conservatively for the full year ahead and potentially drive meaningful downside revisions to consensus earnings estimates. However, the firm views the company's ongoing headwinds "as largely exogenous in nature."
Craig Kennison
Baird
Buy
2024-10-25
Price Target
$50 → $48
Upside
+27.83%
