Trade-Ideas LLC identified

LKQ

(

LKQ

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified LKQ as such a stock due to the following factors:

  • LKQ has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $69.3 million.
  • LKQ has traded 18,180 shares today.
  • LKQ is trading at a new lifetime high.

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More details on LKQ:

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in the United States, the United Kingdom, and internationally. It operates in three segments: North America, Europe, and Specialty. LKQ has a PE ratio of 24. Currently there are 9 analysts that rate LKQ a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for LKQ has been 3.1 million shares per day over the past 30 days. LKQ has a market cap of $10.3 billion and is part of the consumer goods sector and automotive industry. The stock has a beta of 1.01 and a short float of 1.9% with 2.97 days to cover. Shares are up 16.1% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates LKQ as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 1.2%. Since the same quarter one year prior, revenues rose by 33.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
  • LKQ CORP has improved earnings per share by 17.9% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, LKQ CORP increased its bottom line by earning $1.38 versus $1.24 in the prior year. This year, the market expects an improvement in earnings ($1.80 versus $1.38).
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and the Distributors industry average. The net income increased by 17.6% when compared to the same quarter one year prior, going from $119.72 million to $140.74 million.
  • Net operating cash flow has significantly increased by 119.41% to $225.02 million when compared to the same quarter last year. In addition, LKQ CORP has also vastly surpassed the industry average cash flow growth rate of 24.02%.

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