NEW YORK ( TheStreet) -- LKQ Corporation (Nasdaq: LKQX) hit a new 52-week high Friday as it is currently trading at $33.58, above its previous 52-week high of $33.55 with 252,998 shares traded as of 10:05 a.m. ET. Average volume has been 680,500 shares over the past 30 days.

LKQ has a market cap of $4.49 billion and is part of the services sector and wholesale industry. Shares are up 11.3% year to date as of the close of trading on Thursday.

LKQ Corporation, together with its subsidiaries, provides replacement parts, components, and systems needed to repair vehicles, primarily cars and trucks in the United States, the United Kingdom, Canada, Mexico, and Central America. The company has a P/E ratio of 21.5, equal to the average wholesale industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates LKQ as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full LKQ Ratings Report.

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