Shares of LKQ Corporation (NASDAQ:LKQ) traded today at $51.82, eclipsing its 52-week high. This new high was reached on below average trading volume as 135,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.
LKQ Corporation (NASDAQ:LKQ) is currently priced 16.8% above its average consensus analyst price target of $42.62.
LKQ is a leading global distributor of non-OEM automotive parts. Initially formed in 1998 as a consolidator of auto salvage operations in the United States, it has since greatly expanded its scope to include distribution of new mechanical and collision parts, specialty auto equipment, and remanufactured and recycled parts in both Europe and North America. It still maintains its auto salvage business and owns over 70 LKQ pick-your-part junkyards. Separate from the self-service business, LKQ purchases over 300,000 salvage automobiles annually that are used to extract parts for resale. Globally, LKQ maintains approximately 1,700 facilities.
Over the past year, LKQ Corporation has traded in a range of $26.73 to $51.82 and is now at $51.25, 92% above that low.
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