2024-03-12 18:42:26 ET
Summary
- LKQ has a volatile revenue growth trend, but margins have remained robust throughout the years.
- The company's Europe segment is the largest, and it has been working on integration and centralization to streamline operations and improve efficiency.
- The rising average age of vehicles is driving demand for maintenance and repair, providing a positive outlook for LKQ's business.
- My relative valuation indicates a 2025 target price of $60.93, an upside potential of 18%. Therefore, I recommend a buy rating for LKQ.
Synopsis
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LKQ Corporation: Potential Double-Digit Upside Amidst Geopolitical And Social Tensions