LKQ Rebounds +7% Off 52-Week Low
$LKQ Corp(LKQ)$
LKQ Corporation(LKQ) Surged +7.21%: Auto Parts Giant Breaks 52-Week Low, Recovery Mode Activated at $30.20
Latest Close Data
LKQ closed at $30.20 on December 11th, up +7.21% ($2.03), recovering strongly from its 52-week low of $28.13. The stock is now 32.6% below its 52-week high of $44.82.
Core Market Drivers
Auto parts distributor LKQ bounced off near 52-week lows amid broader market rotation into value stocks.
Strong institutional support from Vanguard (11.91%) and BlackRock (6.51%) provides downside cushion.
Capital flows turned positive with $508.12K net inflow after recent selling pressure.
Technical Analysis
Volume surged 11% above average at 4.09M shares, confirming breakout momentum.
RSI(6) jumped to 61.78 from oversold 28.72, signaling strong reversal.
MACD shows potential bullish divergence with DIF at -0.332 versus DEA at -0.342, indicating momentum shift from recent downtrend.
Key Price Levels
Primary Support: $29.63 (yesterday's technical level)
Strong Resistance: $31.43 (key breakout threshold)
Immediate Pivot: $30.20 (today's close, new support base)
Valuation Perspective
Trading at attractive P/E of 11.2x versus industry average, with ultra-low P/S ratio of 0.55x.
Forward P/E of 9.07x sits well below historical average of 11.83x, suggesting potential value opportunity.
Analyst Targets
8 analysts maintain bullish outlook with average target of $40.96 (+35.6% upside).
Consensus: 4 Strong Buy, 4 Buy, 3 Hold ratings reflect institutional confidence in recovery potential.
Weekly Outlook
Expect consolidation between $29.60-$32.00 range as stock digests today's gains.
Break above $31.43 resistance could target $33-$35 zone, while failure to hold $29.60 support may retest 52-week lows.
Risk Disclaimer
This analysis is for informational purposes only and does not constitute investment advice. Past performance does not guarantee future results. Please conduct your own research before making investment decisions.
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