LKQ Corporation announced that its Board of Directors has initiated a comprehensive review of strategic alternatives to enhance shareholder value, including a potential sale of the company.

“The Board and management continually evaluate the Company’s performance and strategic positioning as part of our responsibility to maximize shareholder returns,” said John Mendel, Chairman of the Board.

“Consistent with this commitment, we have initiated a formal review of strategic alternatives to identify the best path forward to unlock value that is not reflected in our current valuation.”

LKQ had previously announced that it was exploring the potential sale of its Specialty segment–primarily known in the market as Keystone Automtive Operations–and that process is continuing as the larger strategic review is initiated.

Among its holdings in Canada is the Uni-Select distribution organization which it acquired in 2023.

It it also of note that it sold its retail self-service salvage “Pick Your Part” business in 2025.

There is no deadline or definitive timetable set for completion of the announced strategic review says the company, which also advises that there can be no assurance the review will result in any transaction or other strategic outcome.

LKQ also says it does not intend to disclose or comment on developments related to this review unless further disclosure is appropriate or required by law.

LKQ has engaged BofA Securities as its financial advisor and Wachtell, Lipton, Rosen & Katz as its legal counsel.

About LKQ Corporation

LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles. LKQ has operations in North America, Europe and Taiwan. LKQ offers its customers a broad range of OEM recycled and aftermarket parts, replacement systems, components, equipment, and services to repair and accessorize automobiles, trucks, and recreational and performance vehicles.