LKQ Corporation: A Deep Value Stock With A Durable Core Business
LKQ Corporation is currently trading at historically low valuations, which may be a result of excessive market pessimism. The company boasts a durable salvage network and significant free cash flow potential. With shares down over 40% from their highs, LKQ offers an attractive investment opportunity with a double-digit free cash flow yield and a substantial buyback authorization.
- ▪LKQ Corporation's shares are down over 40% from their highs.
- ▪The stock is currently trading below 10x forward earnings.
- ▪LKQ offers a double-digit free cash flow yield.
- ▪The company has a $1.5 billion buyback authorization.
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