Banking

LKQ Corp. Might Be A Stock To Watch Ahead Of Earnings

With earnings on tap for Jul. 29, LKQ (LKQ) is currently approximately 2% shy of a 51.69 buy point. The current formation is a second-stage cup with handle. The new car market continues to have supply issues, so auto repair shops are keeping busy.




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Understand that it’s risky to buy any stock just before it reports. You can minimize your risk by waiting to see the actual numbers and the market’s reaction.


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Regarding top and bottom line numbers, the company has posted rising EPS growth in each of the last three reports. Sales growth has also risen over the same time frame.

Analysts are looking for EPS growth of 41% for the quarter, and 24% growth for the full year. Annual earnings-per-share estimates were recently revised upward.

LKQ has a 94 Composite Rating and earns the No. 4 rank among its peers in the Retail/Wholesale-Auto industry group. Copart (CPRT) is the top-ranked stock within the group.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.

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