U.S. Markets closed

LKQ Corp (LKQ) Catches Eye: Stock Jumps 8%

Zacks Equity Research

LKQ Corporation LKQ was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $29.61 to $31.92 in the past one-month time frame.

The upmove came after the company reported better-than-expected third-quarter 2019 results.

The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

LKQ Corporation Price

LKQ Corporation Price

LKQ Corporation price | LKQ Corporation Quote

LKQ Corp currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.  

Investors interested in the Automotive – Replacement Parts industry may consider Standard Motor Products, Inc. SMP, which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is LKQ going up? Or down? Predict to see what others think:Up or Down

7 Best Stocks for the Next 30 Days
 
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers “Most Likely for Early Price Pops.”

Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.5% per year. So be sure to give these hand-picked 7 your immediate attention.

See them now >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
LKQ Corporation (LKQ) : Free Stock Analysis Report
 
Standard Motor Products, Inc. (SMP) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research