LKQ Corporation (LKQ): Today's Featured Wholesale Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

LKQ Corporation ( LKQ) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole closed the day up 0.4%. By the end of trading, LKQ Corporation rose $0.34 (1.1%) to $31.68 on average volume. Throughout the day, 1,088,018 shares of LKQ Corporation exchanged hands as compared to its average daily volume of 1,238,700 shares. The stock ranged in a price between $31.31-$31.86 after having opened the day at $31.50 as compared to the previous trading day's close of $31.34. Other companies within the Wholesale industry that increased today were: Rada Electronics Industries ( RADA), up 12.0%, Hudson Technology ( HDSN), up 7.3%, Armco Metals Holdings ( AMCO), up 4.7% and Armco Metals Holdings ( CNAM), up 4.7%.

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 $9.5 billion and is part of the consumer goods sector. Shares are up 49.8% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate LKQ Corporation a buy, no analysts rate it a sell, and 3 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 robust revenue growth, growth in earnings per share, good cash flow from operations, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Speed Commerce ( SPDC), down 9.5%, Navarre Corporation ( NAVR), down 9.5%, SED International Holdings ( SED), down 1.9% and Amcon Distributing Company ( DIT), down 1.8%.

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

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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