LKQ Corporation (LKQ): Today's Featured Consumer Goods Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

LKQ Corporation ( LKQ) pushed the Consumer Goods sector higher today making it today's featured consumer goods winner. The sector as a whole closed the day up 1%. By the end of trading, LKQ Corporation rose $1.21 (6%) to $21.42 on heavy volume. Throughout the day, 4.3 million shares of LKQ Corporation exchanged hands as compared to its average daily volume of 1.8 million shares. The stock ranged in a price between $20.23-$21.44 after having opened the day at $20.60 as compared to the previous trading day's close of $20.21. Other companies within the Consumer Goods sector that increased today were: MGP Ingredients ( MGPI), up 24.8%, Agria Corporation ( GRO), up 23.9%, Reeds ( REED), up 14.2%, and Mannatech ( MTEX), up 12.2%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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. LKQ Corporation has a market cap of $6.02 billion and is part of the automotive industry. The company has a P/E ratio of 23.2, above the S&P 500 P/E ratio of 17.7. Shares are down 4.4% year to date as of the close of trading on Thursday. Currently there are six analysts that rate LKQ Corporation a buy, one analyst rates it a sell, and two rate it a hold.

TheStreet Ratings rates LKQ Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector could consider ProShares Ultra Sht Consumer Goods ( SZK).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

GM's Cautious Tone Sets Auto Parts Stocks Rising

Domino Effect of Falling Oil Prices: Cramer's 'Mad Money' Recap (Thursday 4/27/17)

Trade These 4 Breakout Stocks

LKQ Stock Retreating on Q3 Revenue, Reduced Forecast

4 Mid-Cap Stocks to Maximize Your Profits