LKQ Corp shares shed 9.72% and underperform competitors
Updated
Updated · MarketWatch · May 1
LKQ Corp shares shed 9.72% and underperform competitors
9 articles · Updated · MarketWatch · May 1
The stock closed at $28.51 as the S&P 500 rose 0.29% to 7,230.12 and the Dow fell 0.31% to 49,499.27.
LKQ ended 33.18% below its 52-week high of $42.67, reached on 16 May, while Genuine Parts, QuantumScape and BorgWarner posted smaller declines.
Trading volume reached 4.4 million shares, well above LKQ's 50-day average of 2.6 million, signalling heavier-than-usual investor activity during the sell-off.
What caused LKQ's stock collapse: a failed acquisition or brutal industry headwinds?
Is LKQ Corp a deep value trap or a massive turnaround opportunity?