LKQ Down 15% In A Week. What Happened During Past Market Dips?
How did LKQ (LKQ) do vs the market during past crises?
Turns out, the stock has fared worse than the S&P 500 index during various economic downturns.
2022 Inflation Shock
- LKQ stock fell 29.1% from a high of $60.03 on 31 December 2021 to $42.55 on 8 March 2022 vs. a peak-to-trough decline of 25.4% for the S&P 500.
- The stock is yet to recover to its pre-Crisis high
- The highest the stock has reached since then is $59.01 on 12 July 2023 , and currently trades at $31.49
| LKQ | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -29.1% | -25.4% |
| # of Days for Full Recovery | Not Fully Recovered | 464 |
2020 Covid Pandemic
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- LKQ stock fell 61.2% from a high of $35.80 on 2 January 2020 to $13.90 on 23 March 2020 vs. a peak-to-trough decline of 33.9% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 10 November 2020
| LKQ | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -61.2% | -33.9% |
| # of Days for Full Recovery | 232 | 148 |
2018 Correction
- LKQ stock fell 47.3% from a high of $43.47 on 12 January 2018 to $22.91 on 3 January 2019 vs. a peak-to-trough decline of 19.8% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 17 March 2021
| LKQ | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -47.3% | -19.8% |
| # of Days for Full Recovery | 804 | 120 |
2008 Global Financial Crisis
- LKQ stock fell 62.8% from a high of $11.93 on 24 March 2008 to $4.44 on 4 December 2008 vs. a peak-to-trough decline of 56.8% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 24 January 2011
| LKQ | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -62.8% | -56.8% |
| # of Days for Full Recovery | 781 | 1480 |
Worried that LKQ could fall much more? You could take a look at the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming the S&P 500 over the last 4-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.