LKQ Corporation Announces Pricing of Public Offering of Stock

CHICAGO--Sept. 29, 2005--LKQ Corporation today announced that the public offering of 3,450,000 shares of its common stock was priced at $29.00 per share to the public. The offering includes 2,700,000 primary shares being sold by LKQ and 750,000 secondary shares being sold by selling stockholders. The size of the offering increased by 700,000 shares from the amount originally announced as a result of investor demand.

LKQ expects the delivery of the shares to occur on October 4, 2005. LKQ has granted to the underwriters a 30-day option to purchase up to 517,500 additional shares of common stock at the same price per share solely to cover over-allotments, if any.

Assuming no exercise of the over-allotment option, LKQ will receive approximately $73.7 million in net proceeds from the sale of shares by it in the offering. LKQ intends to use the net proceeds it will receive from the offering to repay outstanding debt under its credit facility and for other general corporate purposes.

The offering was marketed through a group of underwriters, including sole book-running manager, Robert W. Baird & Co., and co-managers, Raymond James, Morgan Keegan & Company, Inc. and Barrington Research.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities. The offering is being made only by means of the prospectus relating to the offering, a copy of which may be obtained from the offices of Robert W. Baird Incorporated, 777 East Wisconsin Avenue, 28th Floor, Milwaukee, Wisconsin 53202-5391. An electronic copy of the prospectus is available on the Securities and Exchange Commission's website at www.sec.gov.

About LKQ Corporation

LKQ Corporation is the largest nationwide provider of recycled OEM products and related services and the second largest nationwide provider of aftermarket collision replacement products, operating over 95 facilities focused on serving its customers with a broad range of replacement systems, components, and parts to repair light vehicles.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding LKQ Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, some of which are not currently known to us. Actual events or results may differ materially from those expressed or implied in the forward looking statements as a result of various factors. These factors include those described in our filings with the Securities and Exchange Commission.