Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on LKQ (LKQ), Carvana Co (CVNA) and Advance Auto Parts (AAP).
LKQ (LKQ)
In a report issued on February 16, Gary Prestopino from Barrington maintained a Buy rating on LKQ, with a price target of $40.00. The company’s shares closed last Monday at $38.99, close to its 52-week high of $40.04.
According to TipRanks.com, Prestopino is a 5-star analyst with an average return of 45.2% and a 59.5% success rate. Prestopino covers the Services sector, focusing on stocks such as Points International, Kar Auction Services, and Liquidity Services.
Currently, the analyst consensus on LKQ is a Strong Buy with an average price target of $48.00, a 24.9% upside from current levels. In a report issued on February 19, Stephens also maintained a Buy rating on the stock with a $46.00 price target.
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Carvana Co (CVNA)
Stifel Nicolaus analyst Scott Devitt maintained a Buy rating on Carvana Co on February 16 and set a price target of $320.00. The company’s shares closed last Monday at $281.94, close to its 52-week high of $314.56.
According to TipRanks.com, Devitt is a top 100 analyst with an average return of 36.4% and a 72.4% success rate. Devitt covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies, and Alphabet Class A.
Currently, the analyst consensus on Carvana Co is a Strong Buy with an average price target of $307.50, a 1.0% upside from current levels. In a report issued on February 15, Robert W. Baird also assigned a Buy rating to the stock with a $325.00 price target.
Advance Auto Parts (AAP)
Wells Fargo analyst Zachary Fadem maintained a Hold rating on Advance Auto Parts on February 16 and set a price target of $165.00. The company’s shares closed last Monday at $167.70, close to its 52-week high of $177.92.
According to TipRanks.com, Fadem is a top 100 analyst with an average return of 31.7% and a 77.4% success rate. Fadem covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Floor & Decor Holdings, and Michaels Companies.
Currently, the analyst consensus on Advance Auto Parts is a Moderate Buy with an average price target of $176.40, implying a 6.8% upside from current levels. In a report issued on February 16, Oppenheimer also assigned a Hold rating to the stock.
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