Exhibit 99.1

LKQ Corporation Achieves Record Results for 2009

• Revenue Surpasses $2 Billion Mark

• Fourth Quarter Revenue Increases 20% to $556 Million

Chicago, IL—February 25, 2010—LKQ Corporation (NASDAQ: LKQX) today announced results for its fourth quarter and full year ended December 31, 2009. Income from continuing operations for the fourth quarter was $36.5 million and diluted earnings per share from continuing operations was $0.25. For the full year, income from continuing operations was $127.1 million and diluted earnings per share from continuing operations was $0.88. Excluding restructuring expenses of $0.6 million for the fourth quarter and $2.6 million for the full year, and excluding the gain on bargain purchase related to the purchase of Greenleaf Auto Recyclers LLC, of $4.3 million for both periods, diluted earnings per share from continuing operations would have been $0.23 and $0.86 for the quarter and full year, respectively.

“We reached a major milestone in 2009 and exceeded the $2 billion revenue mark,” commented Joseph Holsten, President and Chief Executive Officer of LKQ Corporation. “Our more than 10,000 employees overcame the economic headwinds of early 2009 and maintained focus on being the premier source of alternative collision and mechanical parts for our customers. The fourth quarter was particularly strong and reflected, I believe, a continued trend to expand the use of alternative collision parts. Our organic revenue growth rate for parts and services was close to 10% and excluding service revenue was 12% during the fourth quarter.”

Mr. Holsten added, “We made a number of acquisitions in 2009 including the purchase of Greenleaf Auto Recyclers in October. The integration of the businesses with our existing operations is progressing in-line with our expectations.”

2009 Reported Results

For the fourth quarter of 2009, revenue was $555.9 million compared with $464.8 million for the fourth quarter of 2008, an increase of 19.6%. Income from continuing operations for the quarter was $36.5 million compared with $14.3 million in the prior year, an increase of 155.1%, and included a net after tax benefit of $4.0 million from the gain on bargain purchase offset by fourth quarter restructuring expenses. Results for the fourth quarter of 2008 were impacted by

a steep decrease in commodity prices, and restructuring expenses of $1.1 million, net of tax. The organic revenue growth rate for parts and services was 9.8% for the fourth quarter of 2009.

For the full year of 2009, revenue was $2.0 billion compared with $1.9 billion for the full year of 2008, an increase of 7.3%. Income from continuing operations for the full year was $127.1 million compared with $97.1 million for the prior year, an increase of 30.9%. Income from continuing operations for the full year included $2.6 million, or $1.6 million after tax, of restructuring expenses compared to $8.6 million, or $5.2 million after tax, for the prior year. The results of 2009 also included an after tax gain on bargain purchase of $4.3 million. The organic revenue growth rate for parts and services was 7.0% for the full year of 2009.

Balance Sheet and Liquidity

As of December 31, 2009, LKQ’s balance sheet reflected cash and equivalents of $108.9 million and long-term debt, including the current portion, of $603.0 million. The company had no borrowings on its revolving credit facility of $100 million, although availability was reduced by $25.8 million of outstanding letters of credit. In addition, during the fourth quarter of 2009, the company elected to prepay $22.4 million of its term loan payments scheduled for 2010.

Business Acquisitions and Divestitures

During the fourth quarter of 2009, LKQ acquired three businesses: Greenleaf Auto Recyclers; a heavy-duty truck operation in Fresno, California; and a wholesale recycled products business in Albuquerque, New Mexico. The historical annualized revenue of Greenleaf was $114 million. The combined historical annualized revenue of the heavy-duty truck operation and the wholesale recycled products business was $8.5 million.

During October 2009, LKQ sold to Schnitzer Steel Industries, Inc. four self-service retail facilities and certain business assets at three other facilities, two of which were physically closed, and one of which was converted to a wholesale recycled products business during the fourth quarter. In January 2010, LKQ completed the planned sale of two additional self-service retail facilities in Dallas, Texas, to Schnitzer Steel. The results of the facilities sold or closed and the related restructuring expenses and a fixed asset impairment have been classified as discontinued operations for all periods presented.

Company Outlook

“We anticipate that the current trends of improving miles driven and expansion in the utilization of alternative parts for collision repairs will continue in 2010 and support higher demand for the products we sell,” said Mr. Holsten. “Revenue from parts and services is anticipated to grow organically at a rate of 6% to 8%.”

Based on current conditions and excluding restructuring expenses and any gains or losses related to acquisitions or divestitures, LKQ anticipates full year 2010 income from continuing operations will be in the range of $145 million to $155 million and diluted earnings per share from continuing operations will be in the range of $1.00 to $1.06.

Net cash provided by operating activities for 2010 is projected to be approximately $160 million. The company estimates capital expenditures related to property and equipment will be between $85 million to $95 million.

Quarterly Conference Call

LKQ will host a conference call and audio webcast to discuss its fourth quarter and full year 2009 financial results and its 2010 financial guidance on Thursday February 25, 2010 at 10:00 a.m. Eastern Time. To participate in the conference call, please dial (877) 705-6008 or (201) 689-8481 if calling outside of the U.S. The live audio webcast can be accessed on the internet at www.lkqcorp.com in the Investor Relations section.

A replay of the conference call will be available by telephone at (877) 660-6853 or (201) 612-7415 for international calls. The telephone replay will require you to enter account number: 286 and conference ID: 343816. An online replay of the webcast will be available on the Company’s website. Both forms of the replay of the conference call will be available until March 25, 2010. Please allow approximately two hours after the live presentation before attempting to access the replay.

###

About LKQ Corporation

LKQ Corporation is the largest nationwide provider of aftermarket collision replacement products, recycled products and refurbished collision replacement products such as wheels, bumper covers and lights which are used to repair light vehicles. LKQ operates approximately 294 facilities offering its customers a broad range of replacement systems, components, and parts to repair automobiles and light, medium and heavy-duty trucks.

Forward Looking Statements

The statements in this press release that are not historical in nature are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding our expectations, beliefs, hopes, intentions or strategies. Forward-looking statements 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:

• uncertainty as to changes in U.S. general economic activity and the impact of these changes on the demand for our products and our ability to obtain financing for operations;

• fluctuations in the pricing of new original equipment manufacturer (“OEM”) replacement parts;

• the availability and cost of our inventory;

• variations in vehicle accident rates or miles driven;

• changes in state or federal laws or regulations affecting our business;

• changes in the types of replacements parts that insurance carriers will accept in the repair process;

• changes in the demand for our products and the supply of our inventory due to severity of weather and seasonality of weather patterns;

• the amount and timing of operating costs and capital expenditures relating to the maintenance and expansion of our business, operations and infrastructure;

• increasing competition in the automotive parts industry;

• our ability to increase or maintain revenue and profitability at our facilities;

• uncertainty as to our future profitability on a consolidated basis;

• uncertainty as to the impact on our industry of any terrorist attacks or responses to terrorist attacks;

• our ability to operate within the limitations imposed by financing arrangements;

• our ability to obtain financing on acceptable terms to finance our growth;

• declines in the values of our assets;

• fluctuations in fuel and other commodity prices;

• fluctuations in the prices of scrap metal and other metals;

• our ability to develop and implement the operational and financial systems needed to manage our operations;

• our ability to integrate and successfully operate acquired companies and any companies acquired in the future and the risks associated with these companies;

• claims by OEMs or others that attempt to restrict or eliminate the sale of aftermarket products:

• termination of business relationships with insurance companies that promote the use of our products;

• decreases in the supply of end of life and crush only vehicles that we process and sell for scrap; and

• other risks that are described in our Form 10-K filed February 27, 2009 and in other reports filed by us from time to time with the Securities and Exchange Commission.

You should not place undue reliance on these forward-looking statements. All of these forward-looking statements are based on our expectations as of the date of this press release. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact:

Sarah Lewensohn

Director, Investor Relations

(312) 621-2793

LKQ CORPORATION AND SUBSIDIARIES

Unaudited Consolidated Condensed Statements of Income

( In thousands, except per share data )

	Three Months Ended December 31,						Year Ended December 31,
	2009			2008			2009			2008
Revenue	$	555,905		$	464,766		$	2,047,942		$	1,908,532
Cost of goods sold		303,015			267,948			1,120,129			1,064,706
Gross margin		252,890			196,818			927,813			843,826
Facility and warehouse expenses		55,955			48,928			201,056			182,131
Distribution expenses		49,311			43,043			181,919			179,596
Selling, general and administrative expenses		78,035			64,514			276,723			250,026
Restructuring expenses		644			1,866			2,554			8,589
Depreciation and amortization		9,220			8,485			34,113			30,204
Operating income		59,725			29,982			231,448			193,280
Other expense (income):
Interest expense, net		7,817			8,631			30,899			35,522
Gain on bargain purchase		(4,339	)		—			(4,339	)		—
Other income, net		(259	)		(687	)		(429	)		(1,375	)
Total other expense		3,219			7,944			26,131			34,147
Income from continuing operations before provision for income taxes		56,506			22,038			205,317			159,133
Provision for income taxes		19,983			7,723			78,180			62,041
Income from continuing operations		36,523			14,315			127,137			97,092
Discontinued operations:
(Loss) income from discontinued operations, net of taxes		(1,790	)		(1,351	)		(2,088	)		2,807
Gain on sale of discontinued operations, net of taxes		2,472			—			2,472			—
Income (loss) from discontinued operations		682			(1,351	)		384			2,807
Net income	$	37,205		$	12,964		$	127,521		$	99,899
Basic earnings per share (1):
Income from continuing operations	$	0.26		$	0.10		$	0.90		$	0.71
Income (loss) from discontinued operations		0.00			(0.01	)		0.00			0.02
Basic earnings per share	$	0.26		$	0.09		$	0.91		$	0.73
Diluted earnings per share (1):
Income from continuing operations	$	0.25		$	0.10		$	0.88		$	0.69
Income (loss) from discontinued operations		0.00			(0.01	)		0.00			0.02
Diluted earnings per share	$	0.26		$	0.09		$	0.89		$	0.71
Weighted average common shares outstanding:
Basic		141,384			139,488			140,541			136,488
Diluted		144,598			142,378			143,990			141,023

⁽¹⁾ The sum of the individual earnings per share amounts may not equal the total due to rounding.

LKQ CORPORATION AND SUBSIDIARIES

Unaudited Consolidated Condensed Balance Sheets

(In thousands, except share and per share data)

	December 31, 2009			December 31, 2008
Assets
Current Assets:
Cash and equivalents	$	108,906		$	79,067
Receivables, net		152,443			147,886
Inventory		385,686			330,511
Deferred income taxes		31,847			19,644
Prepaid income taxes		4,663			21,164
Prepaid expenses		9,603			7,716
Assets of discontinued operations		9,720			24,129
Total Current Assets		702,868			630,117
Property and Equipment, net		289,902			254,346
Intangibles		1,006,022			978,368
Other Assets		21,329			18,973
Total Assets	$	2,020,121		$	1,881,804
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts payable	$	51,300		$	65,363
Accrued expenses		94,027			74,829
Deferred revenue		9,259			4,733
Current portion of long-term obligations		10,063			21,934
Liabilities of discontinued operations		3,832			354
Total Current Liabilities		168,481			167,213
Long-Term Obligations, Excluding Current Portion		592,982			620,940
Deferred Income Tax Liability		52,209			43,518
Other Noncurrent Liabilities		27,015			29,627
Commitments and Contingencies
Stockholders’ Equity:
Common stock, $0.01 par value, 500,000,000 shares authorized, 142,004,797 and 139,921,410 shares issued at December 31, 2009 and December 31, 2008, respectively		1,420			1,399
Additional paid-in capital		815,952			790,933
Retained earnings		369,459			241,938
Accumulated other comprehensive loss		(7,397	)		(13,764	)
Total Stockholders’ Equity		1,179,434			1,020,506
Total Liabilities and Stockholders’ Equity	$	2,020,121		$	1,881,804

LKQ CORPORATION AND SUBSIDIARIES

Unaudited Consolidated Condensed Statements of Cash Flows

( In thousands )

	Year Ended December 31,
	2009			2008
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	127,521		$	99,899
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		38,062			33,421
Stock-based compensation expense		7,283			5,498
Deferred income taxes		5,882			13,535
Excess tax benefit from share-based payment arrangements		(9,628	)		(12,547	)
Gain on sale of discontinued operations		(3,924	)		—
Gain on bargain purchase		(4,339	)		—
Other adjustments		6,674			3,352
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures:
Receivables		(384	)		(15,026	)
Inventory		(20,428	)		4,232
Prepaid income taxes/income taxes payable		24,111			8,960
Accounts payable		(18,067	)		(4,785	)
Other operating assets and liabilities		11,239			(3,578	)
Net cash provided by operating activities		164,002			132,961
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment		(55,870	)		(66,908	)
Proceeds from disposal of businesses, property and equipment		18,547			2,206
Cash used in acquisitions, net of cash acquired		(65,171	)		(74,208	)
Net cash used in investing activities		(102,494	)		(138,910	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options		8,247			10,402
Excess tax benefit from share-based payment arrangements		9,628			12,547
Debt issuance costs		(310	)		(219	)
Net (repayments) borrowings under line of credit		(6,736	)		5,271
Repayments of long-term debt		(43,994	)		(16,208	)
Net cash (used in) provided by financing activities		(33,165	)		11,793
Effect of exchange rate changes on cash and equivalents		1,496			(1,018	)
Net increase in cash and equivalents		29,839			4,826
Cash and equivalents, beginning of period		79,067			74,241
Cash and equivalents, end of period	$	108,906		$	79,067

LKQ CORPORATION AND SUBSIDIARIES

Unaudited Supplementary Data

( In thousands, except per share data )

	Three Months Ended December 31,
Operating Highlights	2009					2008
				% of Revenue					% of Revenue		Change			% Change
Revenue	$	555,905		100.0	%	$	464,766		100.0	%	$	91,139		19.6	%
Cost of goods sold		303,015		54.5	%		267,948		57.7	%		35,067		13.1	%
Gross margin		252,890		45.5	%		196,818		42.3	%		56,072		28.5	%
Facility and warehouse expenses		55,955		10.1	%		48,928		10.5	%		7,027		14.4	%
Distribution expenses		49,311		8.9	%		43,043		9.3	%		6,268		14.6	%
Selling, general and administrative expenses		78,035		14.0	%		64,514		13.9	%		13,521		21.0	%
Restructuring expenses		644		0.1	%		1,866		0.4	%		(1,222	)	-65.5	%
Depreciation and amortization		9,220		1.7	%		8,485		1.8	%		735		8.7	%
Operating income		59,725		10.7	%		29,982		6.5	%		29,743		99.2	%
Other expense (income):
Interest expense, net		7,817		1.4	%		8,631		1.9	%		(814	)	-9.4	%
Gain on bargain purchase		(4,339	)	-0.8	%		—		0.0	%		(4,339	)	n/m
Other income, net		(259	)	0.0	%		(687	)	-0.1	%		428		-62.3	%
Total other expense		3,219		0.6	%		7,944		1.7	%		(4,725	)	-59.5	%
Income from continuing operations before provision for income taxes		56,506		10.2	%		22,038		4.7	%		34,468		156.4	%
Provision for income taxes		19,983		3.6	%		7,723		1.7	%		12,260		158.7	%
Income from continuing operations		36,523		6.6	%		14,315		3.1	%		22,208		155.1	%
Discontinued operations:
(Loss) income from discontinued operations, net of taxes		(1,790	)	-0.3	%		(1,351	)	-0.3	%		(439	)	32.5	%
Gain on sale of discontinued operations, net of taxes		2,472		0.4	%		—		0.0	%		2,472		n/m
Income (loss) from discontinued operations		682		0.1	%		(1,351	)	-0.3	%		2,033		-150.5	%
Net income	$	37,205		6.7	%	$	12,964		2.8	%	$	24,241		187.0	%
Basic earnings per share (1):
Income from continuing operations	$	0.26				$	0.10				$	0.16		160.0	%
Income (loss) from discontinued operations		0.00					(0.01	)				0.01		100.0	%
Basic earnings per share	$	0.26				$	0.09				$	0.17		188.9	%
Diluted earnings per share (1):
Income from continuing operations	$	0.25				$	0.10				$	0.15		150.0	%
Income (loss) from discontinued operations		0.00					(0.01	)				0.01		100.0	%
Diluted earnings per share	$	0.26				$	0.09				$	0.17		188.9	%
Weighted average common shares outstanding:
Basic		141,384					139,488					1,896		1.4	%
Diluted		144,598					142,378					2,220		1.6	%

⁽¹⁾ The sum of the individual earnings per share amounts may not equal the total due to rounding.

LKQ CORPORATION AND SUBSIDIARIES

Unaudited Supplementary Data

( In thousands, except per share data )

	Year Ended December 31,
Operating Highlights	2009					2008
				% of Revenue					% of Revenue		Change			% Change
Revenue	$	2,047,942		100.0	%	$	1,908,532		100.0	%	$	139,410		7.3	%
Cost of goods sold		1,120,129		54.7	%		1,064,706		55.8	%		55,423		5.2	%
Gross margin		927,813		45.3	%		843,826		44.2	%		83,987		10.0	%
Facility and warehouse expenses		201,056		9.8	%		182,131		9.5	%		18,925		10.4	%
Distribution expenses		181,919		8.9	%		179,596		9.4	%		2,323		1.3	%
Selling, general and administrative expenses		276,723		13.5	%		250,026		13.1	%		26,697		10.7	%
Restructuring expenses		2,554		0.1	%		8,589		0.5	%		(6,035	)	-70.3	%
Depreciation and amortization		34,113		1.7	%		30,204		1.6	%		3,909		12.9	%
Operating income		231,448		11.3	%		193,280		10.1	%		38,168		19.7	%
Other expense (income):
Interest expense, net		30,899		1.5	%		35,522		1.9	%		(4,623	)	-13.0	%
Gain on bargain purchase		(4,339	)	-0.2	%		—		0.0	%		(4,339	)	n/m
Other income, net		(429	)	0.0	%		(1,375	)	-0.1	%		946		-68.8	%
Total other expense		26,131		1.3	%		34,147		1.8	%		(8,016	)	-23.5	%
Income from continuing operations before provision for income taxes		205,317		10.0	%		159,133		8.3	%		46,184		29.0	%
Provision for income taxes		78,180		3.8	%		62,041		3.3	%		16,139		26.0	%
Income from continuing operations		127,137		6.2	%		97,092		5.1	%		30,045		30.9	%
Discontinued operations:
(Loss) income from discontinued operations, net of taxes		(2,088	)	-0.1	%		2,807		0.1	%		(4,895	)	-174.4	%
Gain on sale of discontinued operations, net of taxes		2,472		0.1	%		—		0.0	%		2,472		n/m
Income (loss) from discontinued operations		384		0.0	%		2,807		0.1	%		(2,423	)	-86.3	%
Net income	$	127,521		6.2	%	$	99,899		5.2	%	$	27,622		27.6	%
Basic earnings per share (1):
Income from continuing operations	$	0.90				$	0.71				$	0.19		26.8	%
Income (loss) from discontinued operations		0.00					0.02					(0.02	)	-100.0	%
Basic earnings per share	$	0.91				$	0.73				$	0.18		24.7	%
Diluted earnings per share (1):
Income from continuing operations	$	0.88				$	0.69				$	0.19		27.5	%
Income (loss) from discontinued operations		0.00					0.02					(0.02	)	-100.0	%
Diluted earnings per share	$	0.89				$	0.71				$	0.18		25.4	%
Weighted average common shares outstanding:
Basic		140,541					136,488					4,053		3.0	%
Diluted		143,990					141,023					2,967		2.1	%

⁽¹⁾ The sum of the individual earnings per share amounts may not equal the total due to rounding.

The following unaudited table reconciles EBITDA to income from continuing operations:

	Three Months Ended December 31,						Year Ended December 31,
	2009			2008			2009			2008
	(In thousands)
Income from continuing operations	$	36,523		$	14,315		$	127,137		$	97,092
Depreciation and amortization		10,072			9,243			37,450			32,931
Interest expense, net		7,817			8,631			30,899			35,522
Provision for income taxes		19,983			7,723			78,180			62,041
Earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations	$	74,395		$	39,912		$	273,666		$	227,586
EBITDA as a percentage of revenue		13.4	%		8.6	%		13.4	%		11.9	%

We provide a reconciliation of Income from Continuing Operations to EBITDA as we believe it offers investors, security analysts and other interested parties useful information regarding our results of operations because it assists in analyzing our performance and the value of our business. EBITDA provides insight into our profitability trends, and allows management and investors to analyze our operating results with and without the impact of depreciation, amortization, interest and income tax expense. We believe EBITDA is used by security analysts, investors, and other interested parties in evaluating companies, many of which present EBITDA when reporting their results.

The following unaudited table compares certain revenue categories:

	Three Months Ended December 31,				Year Ended December 31,
	2009		2008		2009		2008
	(In thousands)
Included in Consolidated Statements of Income of LKQ Corporation
Recycled and related products and services	$	200,972	$	169,151	$	749,012	$	651,803
Aftermarket, other new and refurbished products		293,204		252,028		1,093,157		998,541
Other		61,729		43,587		205,773		258,188
	$	555,905	$	464,766	$	2,047,942	$	1,908,532

Results of operations for the discontinued operations are as follows:

	Three Months Ended December 31,						Year Ended December 31,
	2009			2008			2009			2008
	(In thousands)
Revenue	$	3,104		$	5,534		$	23,957		$	28,769
(Loss) income before income tax (benefit) provision		(2,841	)		(2,145	)		(3,314	)		4,455
Income tax (benefit) provision		(1,051	)		(794	)		(1,226	)		1,648
(Loss) income from discontinued operations, net of taxes, before gain on sale of discontinued operations		(1,790	)		(1,351	)		(2,088	)		2,807
Gain on sale of discontinued operations, net of taxes		2,472			—			2,472			—
Income (loss) from discontinued operations, net of taxes	$	682		$	(1,351	)	$	384		$	2,807

The year ended December 31, 2009 include $3.5 million ($2.2 million, net of tax) in fixed asset impairment related to the discontinued operations.

The three months and year ended December 31, 2009, include $3.7 million ($2.3 million, net of tax) in restructuring expenses related to the discontinued operations.