In a report released today, Gary Prestopino from Barrington maintained a Buy rating on LKQ Corp (LKQ). The company’s shares opened today at $25, close to its 52-week low of $24.88.
Prestopino observed:
“We estimate flat North American adjusted EBITDA margin in 2019 with a gradual improvement throughout the year, and an increase in adjusted EBITDA margin in 2020 to 13.27%.”
According to TipRanks.com, Prestopino is ranked 0 out of 5 stars with an average return of -4.9% and a 33.7% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Liquidity Services.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for LKQ Corp with a $38.43 average price target.
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The company has a one-year high of $43.86 and a one-year low of $24.88. Currently, LKQ Corp has an average volume of 3.09M.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LKQ in relation to earlier this year.
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LKQ Corp. engages in providing alternative parts to repair and accessorize automobiles and other vehicles. It operates through the following segments: Wholesale-North America, Europe, and Specialty. The Wholesale-North America segment includes Glass and Self Service segments.
