LKQ Income Quality vs Book Value Per Share Analysis

LKQ Stock

USD 36.88 0.88 2.44%

LKQ financial indicator trend analysis is infinitely more than just investigating LKQ Corporation recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether LKQ Corporation is a good investment. Please check the relationship between LKQ Income Quality and its Book Value Per Share accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LKQ Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Income Quality vs Book Value Per Share

Income Quality vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of LKQ Corporation Income Quality account and Book Value Per Share. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between LKQ's Income Quality and Book Value Per Share is -0.2. Overlapping area represents the amount of variation of Income Quality that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of LKQ Corporation, assuming nothing else is changed. The correlation between historical values of LKQ's Income Quality and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Quality of LKQ Corporation are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Income Quality i.e., LKQ's Income Quality and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

-0.2

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from LKQ's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into LKQ Corporation current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LKQ Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

At this time, LKQ's Discontinued Operations is relatively stable compared to the past year. As of 12/22/2024, Sales General And Administrative To Revenue is likely to grow to 0.29, while Selling General Administrative is likely to drop slightly above 3.7 B.

	2021	2022	2023	2024 (projected)
Total Revenue	13.1B	12.8B	13.9B	14.6B
Interest Expense	72.1M	78M	214M	151.4M

Total Revenue Interest Expense

LKQ fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Total Stockholder Equity	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Other Liab	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Good Will	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment
Common Stock Shares Outstanding		0.39	0.44	0.36	0.04	0.24	0.36	0.36	0.23	0.25	0.43	0.35	-0.41	0.15	0.49	0.43	0.39	0.41	0.46	0.15	0.35	0.35	0.47	0.23	0.83	0.36
Total Assets	0.39		0.99	0.99	0.81	0.97	0.97	0.99	0.95	0.96	0.76	1.0	-0.11	0.35	0.9	0.76	0.98	0.99	0.98	0.77	-0.47	1.0	0.98	0.59	0.57	0.81
Total Stockholder Equity	0.44	0.99		0.95	0.82	0.94	0.96	0.96	0.95	0.95	0.73	0.99	-0.13	0.4	0.87	0.73	0.97	0.96	0.97	0.8	-0.45	0.97	0.97	0.55	0.62	0.84
Short Long Term Debt Total	0.36	0.99	0.95		0.75	0.95	0.96	1.0	0.91	0.93	0.8	0.98	-0.12	0.31	0.93	0.8	0.97	1.0	0.97	0.72	-0.42	1.0	0.98	0.61	0.53	0.76
Other Current Liab	0.04	0.81	0.82	0.75		0.88	0.74	0.77	0.91	0.87	0.4	0.85	0.2	0.46	0.51	0.4	0.81	0.73	0.71	0.81	-0.77	0.79	0.69	0.49	0.25	0.74
Total Current Liabilities	0.24	0.97	0.94	0.95	0.88		0.89	0.96	0.98	0.99	0.63	0.98	0.13	0.27	0.81	0.63	0.97	0.93	0.93	0.73	-0.65	0.97	0.91	0.62	0.43	0.75
Other Liab	0.36	0.97	0.96	0.96	0.74	0.89		0.95	0.88	0.89	0.82	0.95	-0.29	0.42	0.9	0.82	0.93	0.97	0.96	0.81	-0.35	0.96	0.96	0.59	0.52	0.82
Net Debt	0.36	0.99	0.96	1.0	0.77	0.96	0.95		0.91	0.94	0.78	0.98	-0.1	0.31	0.93	0.78	0.97	0.99	0.97	0.73	-0.43	1.0	0.97	0.61	0.53	0.77
Retained Earnings	0.23	0.95	0.95	0.91	0.91	0.98	0.88	0.91		0.99	0.59	0.96	0.09	0.3	0.76	0.59	0.95	0.89	0.91	0.77	-0.7	0.94	0.89	0.56	0.44	0.8
Accounts Payable	0.25	0.96	0.95	0.93	0.87	0.99	0.89	0.94	0.99		0.61	0.97	0.1	0.23	0.81	0.61	0.97	0.92	0.94	0.72	-0.67	0.96	0.92	0.61	0.44	0.78
Cash	0.43	0.76	0.73	0.8	0.4	0.63	0.82	0.78	0.59	0.61		0.72	-0.57	0.32	0.81	1.0	0.66	0.83	0.78	0.58	0.0	0.77	0.82	0.34	0.62	0.6
Non Current Assets Total	0.35	1.0	0.99	0.98	0.85	0.98	0.95	0.98	0.96	0.97	0.72		-0.04	0.38	0.86	0.72	0.98	0.97	0.96	0.8	-0.52	0.99	0.96	0.61	0.52	0.82
Non Currrent Assets Other	-0.41	-0.11	-0.13	-0.12	0.2	0.13	-0.29	-0.1	0.09	0.1	-0.57	-0.04		-0.29	-0.29	-0.57	0.01	-0.2	-0.17	-0.17	-0.56	-0.09	-0.23	0.09	-0.37	-0.18
Other Assets	0.15	0.35	0.4	0.31	0.46	0.27	0.42	0.31	0.3	0.23	0.32	0.38	-0.29		0.21	0.32	0.32	0.33	0.27	0.54	0.05	0.32	0.29	0.15	0.24	0.26
Long Term Debt	0.49	0.9	0.87	0.93	0.51	0.81	0.9	0.93	0.76	0.81	0.81	0.86	-0.29	0.21		0.81	0.88	0.95	0.94	0.55	-0.17	0.92	0.96	0.54	0.62	0.66
Cash And Short Term Investments	0.43	0.76	0.73	0.8	0.4	0.63	0.82	0.78	0.59	0.61	1.0	0.72	-0.57	0.32	0.81		0.66	0.83	0.78	0.58	0.0	0.77	0.82	0.34	0.62	0.6
Good Will	0.39	0.98	0.97	0.97	0.81	0.97	0.93	0.97	0.95	0.97	0.66	0.98	0.01	0.32	0.88	0.66		0.96	0.97	0.73	-0.5	0.98	0.95	0.62	0.52	0.78
Non Current Liabilities Total	0.41	0.99	0.96	1.0	0.73	0.93	0.97	0.99	0.89	0.92	0.83	0.97	-0.2	0.33	0.95	0.83	0.96		0.98	0.74	-0.36	0.99	0.99	0.59	0.57	0.78
Inventory	0.46	0.98	0.97	0.97	0.71	0.93	0.96	0.97	0.91	0.94	0.78	0.96	-0.17	0.27	0.94	0.78	0.97	0.98		0.7	-0.39	0.98	0.99	0.55	0.63	0.78
Other Current Assets	0.15	0.77	0.8	0.72	0.81	0.73	0.81	0.73	0.77	0.72	0.58	0.8	-0.17	0.54	0.55	0.58	0.73	0.74	0.7		-0.4	0.75	0.7	0.44	0.32	0.91
Other Stockholder Equity	0.35	-0.47	-0.45	-0.42	-0.77	-0.65	-0.35	-0.43	-0.7	-0.67	0.0	-0.52	-0.56	0.05	-0.17	0.0	-0.5	-0.36	-0.39	-0.4		-0.47	-0.34	-0.36	0.15	-0.38
Total Liab	0.35	1.0	0.97	1.0	0.79	0.97	0.96	1.0	0.94	0.96	0.77	0.99	-0.09	0.32	0.92	0.77	0.98	0.99	0.98	0.75	-0.47		0.98	0.61	0.53	0.79
Total Current Assets	0.47	0.98	0.97	0.98	0.69	0.91	0.96	0.97	0.89	0.92	0.82	0.96	-0.23	0.29	0.96	0.82	0.95	0.99	0.99	0.7	-0.34	0.98		0.54	0.64	0.78
Intangible Assets	0.23	0.59	0.55	0.61	0.49	0.62	0.59	0.61	0.56	0.61	0.34	0.61	0.09	0.15	0.54	0.34	0.62	0.59	0.55	0.44	-0.36	0.61	0.54		0.01	0.41
Common Stock	0.83	0.57	0.62	0.53	0.25	0.43	0.52	0.53	0.44	0.44	0.62	0.52	-0.37	0.24	0.62	0.62	0.52	0.57	0.63	0.32	0.15	0.53	0.64	0.01		0.51
Property Plant Equipment	0.36	0.81	0.84	0.76	0.74	0.75	0.82	0.77	0.8	0.78	0.6	0.82	-0.18	0.26	0.66	0.6	0.78	0.78	0.78	0.91	-0.38	0.79	0.78	0.41	0.51

Click cells to compare fundamentals

LKQ Account Relationship Matchups

LKQ fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	311.0M	305.0M	297.7M	278M	268.3M	270.1M
Total Assets	12.8B	12.4B	12.6B	12.0B	15.1B	15.8B
Total Stockholder Equity	5.0B	5.7B	5.8B	5.5B	6.2B	6.5B
Liabilities And Stockholders Equity	12.8B	12.4B	12.6B	12.0B	15.1B	15.8B
Short Long Term Debt Total	5.4B	4.3B	4.2B	3.9B	5.6B	5.9B
Other Current Liab	218.9M	554.0M	548.6M	522M	626M	657.3M
Total Current Liabilities	2.2B	2.0B	2.2B	2.3B	3.3B	3.5B
Other Liab	652.5M	666.1M	643.7M	563M	647.5M	679.8M
Net Debt	4.9B	4.0B	4.0B	3.7B	5.3B	5.6B
Retained Earnings	4.1B	4.8B	5.8B	6.7B	7.3B	7.7B
Accounts Payable	942.8M	932.4M	1.2B	1.3B	1.6B	1.7B
Cash	523.0M	312.2M	274.1M	278M	299M	161.2M
Non Current Assets Total	8.1B	8.3B	8.4B	7.8B	10.2B	10.7B
Non Currrent Assets Other	(157.0M)	(127.8M)	(54.3M)	(76M)	264M	277.2M
Other Assets	149.8M	1.7B	225.0M	204M	234.6M	153.0M
Long Term Debt	3.7B	2.8B	2.8B	2.6B	3.7B	3.8B
Cash And Short Term Investments	523.0M	312.2M	274.1M	278M	299M	161.2M
Good Will	4.4B	4.6B	4.5B	4.3B	5.6B	6.9B
Non Current Liabilities Total	5.6B	4.7B	4.7B	4.3B	5.6B	5.9B
Inventory	2.8B	2.4B	2.6B	2.8B	3.1B	3.3B
Other Current Assets	260.9M	410.8M	534.9M	230M	283M	297.2M
Other Stockholder Equity	1.1B	975.5M	128.1M	(883M)	(886M)	(841.7M)
Total Liab	7.7B	6.7B	6.8B	6.5B	8.9B	9.3B
Total Current Assets	4.7B	4.0B	4.3B	4.3B	4.9B	5.1B
Intangible Assets	850.3M	814.2M	746.1M	653M	1.3B	1.4B
Common Stock	3.2M	3.2M	3.2M	3M	3.5M	2.2M
Property Plant Equipment	1.2B	1.2B	2.7B	1.2B	1.4B	1.5B
Property Plant And Equipment Net	2.5B	2.6B	2.7B	2.5B	2.9B	3.0B
Current Deferred Revenue	468.9M	543.6M	532.2M	280M	701M	736.1M
Net Receivables	1.1B	1.1B	1.1B	998M	1.2B	1.2B
Common Stock Total Equity	3.2M	3.2M	3.2M	3M	3.5M	2.2M
Property Plant And Equipment Gross	2.5B	2.6B	2.7B	2.5B	4.0B	4.2B
Accumulated Other Comprehensive Income	(200.9M)	(99.0M)	(153.1M)	(323M)	(240M)	(228M)
Short Term Debt	547.9M	502.1M	440.9M	410M	1.0B	1.1B
Net Tangible Assets	4.6B	4.3B	485.7M	4.2B	4.9B	2.5B
Noncontrolling Interest In Consolidated Entity	39.7M	15.6M	14.8M	14M	16.1M	12.6M
Retained Earnings Total Equity	4.1B	4.8B	5.8B	6.7B	7.7B	8.0B
Capital Surpluse	1.4B	1.4B	1.5B	1.5B	1.7B	1.3B

Pair Trading with LKQ

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if LKQ position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in LKQ will appreciate offsetting losses from the drop in the long position's value.

Moving together with LKQ Stock

0.76

AutoNation

Pair Corr

Moving against LKQ Stock

0.34

EVGO

Evgo Inc

Pair Corr

The ability to find closely correlated positions to LKQ could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LKQ when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back LKQ - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling LKQ Corporation to buy it.

The correlation of LKQ is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as LKQ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if LKQ Corporation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for LKQ can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for LKQ Stock Analysis

When running LKQ's price analysis, check to measure LKQ's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy LKQ is operating at the current time. Most of LKQ's value examination focuses on studying past and present price action to predict the probability of LKQ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move LKQ's price. Additionally, you may evaluate how the addition of LKQ to your portfolios can decrease your overall portfolio volatility.

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