Exhibit 99.1

LKQ CORPORATION POSTS RECORD 2010 SECOND QUARTER RESULTS

• Revenue Grows 20%; Earnings Expand 33%

• Aftermarket and Refurbished Parts Organic Revenue Increases 8.7%

• Increases 2010 Outlook for EPS from Continuing Operations to $1.08 to $1.14

Chicago, IL (July 29, 2010) – LKQ Corporation (NASDAQ: LKQX) today reported diluted earnings per share from continuing operations of $0.26 for the second quarter ended June 30, 2010, an increase of 30.0% from $0.20 for the second quarter of 2009. Revenue for the second quarter was $584.7 million, an increase of 20.2% as compared to $486.4 million for the same period of 2009. Income from continuing operations for the second quarter of 2010 was $37.9 million, an increase of 33.2% as compared to $28.5 million for the same period of 2009.

“The second quarter of 2010 is the sixth quarter in a row that LKQ has outpaced the prior year’s results and set new earnings records. Our ability to deliver both revenue and earnings growth through the most recent recession reflects the benefits of LKQ’s business model and scope across all three of the alternative collision replacement parts categories – aftermarket, recycled and refurbished,” stated Joseph Holsten, President and Chief Executive Officer of LKQ Corporation. He continued, “In the second quarter, we continued to profit from the trend of growing alternative collision parts usage and realized solid organic growth of parts and service revenue, driven largely by an 8.7% increase in organic revenue of our aftermarket and refurbished parts.”

Overall organic revenue growth for the second quarter was 12.2% as a result of strong aftermarket and refurbished parts sales and higher commodity prices as compared to last year. Parts and services revenue, excluding the impact of acquisitions, grew organically by 5.5%. Acquisitions made over the previous twelve months contributed 7.6% of incremental revenue for the quarter.

On a six month year to date basis, revenue was $1.2 billion, an increase of 19.2% from $997.2 million for the same six month period of 2009. Income from continuing operations for the first six months of 2010 was $89.9 million, as compared to $60.5 million for the first half of 2009. Diluted earnings per share from continuing operations was $0.62 for the first six months of 2010, as compared to $0.42 for the same six month period of 2009.

Acquisitions / New Locations

During the second quarter of 2010, LKQ continued its expansion through strategic acquisitions that support the Company’s efforts to expand its North American footprint. It acquired wholesale recycling operations in the Winnipeg, Manitoba and Seattle, Washington markets. Collectively, the two businesses had annual revenue of approximately $7 million in 2009. LKQ also purchased two heavy-duty truck operations in West Monroe, Louisiana and Jackson, Mississippi. Annual revenue for the acquired truck operations was $7 million in 2009. Additionally during the second quarter, LKQ re-opened a wholesale recycling operation, formerly a Greenleaf location, in Monroe, Georgia, specializing in high-end and European brand vehicles.

Since the start of the third quarter, LKQ acquired an automotive paint distribution business serving the Boston, Massachusetts area, a wholesale recycling operation that will operate in the northern Alabama and Nashville, Tennessee markets and a wholesale recycling operation in Philadelphia, Pennsylvania. The Company also opened a heavy-duty truck operation in Wilson, North Carolina at a former Greenleaf location.

Mr. Holsten commented, “We are really pleased with the Company’s ability to rapidly execute and integrate acquisitions as we continue to build out our footprint in the US and Canada and expand our product offerings.”

Balance Sheet and Liquidity

As of June 30, 2010, LKQ’s balance sheet reflected cash and equivalents of $190.5 million and long-term debt, including the current portion, of $594.4 million. Availability on the Company’s $100.0 million revolving credit facility was $79.9 million.

Company Outlook

LKQ provided updated earnings guidance for 2010. Income from continuing operations and diluted earnings per share from continuing operations are anticipated to be within the range of $158 million to $167 million and $1.08 to $1.14, respectively. The previous guidance for income from continuing operations and diluted earnings per share from continuing operations was a range of $154 million to $163 million and $1.06 to $1.12, respectively.

Net cash provided by operating activities for 2010 is projected to be in excess of $160 million. LKQ’s capital expenditures related to property and equipment are expected to be within a range of $85 million to $95 million.

The guidance reflects an organic revenue growth rate from parts and services of 6% to 8%. The organic growth rate excludes the impact of organic revenue growth of other revenue. Additionally, all of the guidance provided excludes restructuring expenses and any gains or losses related to acquisitions or divestitures.

Quarterly Conference Call

LKQ will host a conference call and audio webcast to discuss its second quarter 2010 financial results and financial guidance on Thursday, July 29, 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: 353491. 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 August 29, 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. LKQ operates approximately 290 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 replacement 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;

• 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 26, 2010 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 June 30,						Six Months Ended June 30,
	2010			2009			2010			2009
Revenue	$	584,681		$	486,355		$	1,188,197		$	997,225
Cost of goods sold		323,415			266,107			643,641			547,406
Gross margin		261,266			220,248			544,556			449,819
Facility and warehouse expenses		55,358			47,835			113,134			96,764
Distribution expenses		51,168			42,732			102,357			87,004
Selling, general and administrative expenses		75,679			66,423			150,766			132,795
Restructuring expenses		290			255			370			1,058
Depreciation and amortization		9,162			8,246			18,391			16,520
Operating income		69,609			54,757			159,538			115,678
Other expense (income):
Interest expense, net		7,155			7,724			14,431			15,302
Other income, net		(138	)		(106	)		(299	)		(147	)
Total other expense, net		7,017			7,618			14,132			15,155
Income from continuing operations before provision for income taxes		62,592			47,139			145,406			100,523
Provision for income taxes		24,686			18,684			55,517			40,050
Income from continuing operations		37,906			28,455			89,889			60,473
Discontinued operations:
Income from discontinued operations, net of taxes		—			402			224			688
Gain on sale of discontinued operations, net of taxes		—			—			1,729			—
Income from discontinued operations		—			402			1,953			688
Net income	$	37,906		$	28,857		$	91,842		$	61,161
Basic earnings per share (1):
Income from continuing operations	$	0.27		$	0.20		$	0.63		$	0.43
Income from discontinued operations		0.00			0.00			0.01			0.00
Total	$	0.27		$	0.21		$	0.64		$	0.44
Diluted earnings per share (1):
Income from continuing operations	$	0.26		$	0.20		$	0.62		$	0.42
Income from discontinued operations		0.00			0.00			0.01			0.00
Total	$	0.26		$	0.20		$	0.63		$	0.43
Weighted average common shares outstanding:
Basic		142,842			140,223			142,520			140,009
Diluted		145,496			143,500			145,307			143,317

⁽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)

	June 30, 2010			December 31, 2009
Assets
Current Assets:
Cash and equivalents	$	190,477		$	108,906
Receivables, net		155,339			152,443
Inventory		412,507			385,686
Deferred income taxes		30,027			31,847
Prepaid income taxes		—			4,663
Prepaid expenses		12,183			9,603
Assets of discontinued operations		—			9,720
Total Current Assets		800,533			702,868
Property and Equipment, net		293,493			289,902
Intangibles		1,015,789			1,006,022
Other Assets		20,927			21,329
Total Assets	$	2,130,742		$	2,020,121
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts payable	$	52,405		$	51,300
Accrued expenses		94,733			94,027
Income taxes payable		8,816			—
Deferred revenue		9,555			9,259
Current portion of long-term obligations		27,080			10,063
Liabilities of discontinued operations		3,061			3,832
Total Current Liabilities		195,650			168,481
Long-Term Obligations, Excluding Current Portion		567,324			592,982
Deferred Income Tax Liabilities		52,830			52,209
Other Noncurrent Liabilities		25,040			27,015
Commitments and Contingencies
Stockholders’ Equity:
Common stock, $0.01 par value, 500,000,000 shares authorized, 143,128,064 and 142,004,797 shares issued at June 30, 2010 and December 31, 2009, respectively		1,431			1,420
Additional paid-in capital		832,142			815,952
Retained earnings		461,301			369,459
Accumulated other comprehensive loss		(4,976	)		(7,397	)
Total Stockholders’ Equity		1,289,898			1,179,434
Total Liabilities and Stockholders’ Equity	$	2,130,742		$	2,020,121

LKQ CORPORATION AND SUBSIDIARIES

Unaudited Consolidated Condensed Statements of Cash Flows

(In thousands)

	Six Months Ended June 30,
	2010			2009
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	91,842		$	61,161
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		20,011			18,589
Stock-based compensation expense		5,112			3,578
Deferred income taxes		(1,097	)		1,483
Excess tax benefit from share-based payments		(5,953	)		(2,696	)
Gain on sale of discontinued operations		(2,744	)		—
Other		1,376			1,393
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures:
Receivables		(1,484	)		10,585
Inventory		(24,672	)		(16,709	)
Prepaid income taxes/income taxes payable		18,223			19,397
Accounts payable		(393	)		(7,110	)
Other operating assets and liabilities		970			(2,632	)
Net cash provided by operating activities		101,191			87,039
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment		(20,847	)		(18,584	)
Proceeds from sales of businesses, property and equipment		12,228			839
Cash used in acquisitions, net of cash acquired		(13,742	)		(15,952	)
Net cash used in investing activities		(22,361	)		(33,697	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options		5,136			2,744
Excess tax benefit from share-based payments		5,953			2,696
Borrowings under line of credit		—			2,310
Repayments of long-term debt		(8,581	)		(11,160	)
Net cash provided by (used in) financing activities		2,508			(3,410	)
Effect of exchange rate changes on cash and equivalents		233			469
Net increase in cash and equivalents		81,571			50,401
Cash and equivalents, beginning of period		108,906			79,067
Cash and equivalents, end of period	$	190,477		$	129,468

LKQ CORPORATION AND SUBSIDIARIES

Unaudited Supplementary Data

(In thousands, except per share data)

	Three Months Ended June 30,
Operating Highlights	2010					2009
				% of Revenue					% of Revenue		Change			% Change
Revenue	$	584,681		100.0	%	$	486,355		100.0	%	$	98,326		20.2	%
Cost of goods sold		323,415		55.3	%		266,107		54.7	%		57,308		21.5	%
Gross margin		261,266		44.7	%		220,248		45.3	%		41,018		18.6	%
Facility and warehouse expenses		55,358		9.5	%		47,835		9.8	%		7,523		15.7	%
Distribution expenses		51,168		8.8	%		42,732		8.8	%		8,436		19.7	%
Selling, general and administrative expenses		75,679		12.9	%		66,423		13.7	%		9,256		13.9	%
Restructuring expenses		290		0.0	%		255		0.1	%		35		13.7	%
Depreciation and amortization		9,162		1.6	%		8,246		1.7	%		916		11.1	%
Operating income		69,609		11.9	%		54,757		11.3	%		14,852		27.1	%
Other expense (income):
Interest expense, net		7,155		1.2	%		7,724		1.6	%		(569	)	-7.4	%
Other income, net		(138	)	0.0	%		(106	)	0.0	%		(32	)	30.2	%
Total other expense, net		7,017		1.2	%		7,618		1.6	%		(601	)	-7.9	%
Income from continuing operations before provision for income taxes		62,592		10.7	%		47,139		9.7	%		15,453		32.8	%
Provision for income taxes		24,686		4.2	%		18,684		3.8	%		6,002		32.1	%
Income from continuing operations		37,906		6.5	%		28,455		5.9	%		9,451		33.2	%
Discontinued operations:
Income from discontinued operations, net of taxes		—		0.0	%		402		0.1	%		(402	)	-100.0	%
Gain on sale of discontinued operations, net of taxes		—		0.0	%		—		0.0	%		—		n/m
Income from discontinued operations		—		0.0	%		402		0.1	%		(402	)	-100.0	%
Net income	$	37,906		6.5	%	$	28,857		5.9	%	$	9,049		31.4	%
Basic earnings per share (1):
Income from continuing operations	$	0.27				$	0.20				$	0.07		35.0	%
Income from discontinued operations		0.00					0.00					0.00		n/m
Total	$	0.27				$	0.21				$	0.06		28.6	%
Diluted earnings per share (1):
Income from continuing operations	$	0.26				$	0.20				$	0.06		30.0	%
Income from discontinued operations		0.00					0.00					0.00		n/m
Total	$	0.26				$	0.20				$	0.06		30.0	%
Weighted average common shares outstanding:
Basic		142,842					140,223					2,619		1.9	%
Diluted		145,496					143,500					1,996		1.4	%

⁽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)

	Six Months Ended June 30,
Operating Highlights	2010					2009
				% of Revenue					% of Revenue		Change			% Change
Revenue	$	1,188,197		100.0	%	$	997,225		100.0	%	$	190,972		19.2	%
Cost of goods sold		643,641		54.2	%		547,406		54.9	%		96,235		17.6	%
Gross margin		544,556		45.8	%		449,819		45.1	%		94,737		21.1	%
Facility and warehouse expenses		113,134		9.5	%		96,764		9.7	%		16,370		16.9	%
Distribution expenses		102,357		8.6	%		87,004		8.7	%		15,353		17.6	%
Selling, general and administrative expenses		150,766		12.7	%		132,795		13.3	%		17,971		13.5	%
Restructuring expenses		370		0.0	%		1,058		0.1	%		(688	)	-65.0	%
Depreciation and amortization		18,391		1.5	%		16,520		1.7	%		1,871		11.3	%
Operating income		159,538		13.4	%		115,678		11.6	%		43,860		37.9	%
Other expense (income):
Interest expense, net		14,431		1.2	%		15,302		1.5	%		(871	)	-5.7	%
Other income, net		(299	)	0.0	%		(147	)	0.0	%		(152	)	103.4	%
Total other expense, net		14,132		1.2	%		15,155		1.5	%		(1,023	)	-6.8	%
Income from continuing operations before provision for income taxes		145,406		12.2	%		100,523		10.1	%		44,883		44.6	%
Provision for income taxes		55,517		4.7	%		40,050		4.0	%		15,467		38.6	%
Income from continuing operations		89,889		7.6	%		60,473		6.1	%		29,416		48.6	%
Discontinued operations:
Income from discontinued operations, net of taxes		224		0.0	%		688		0.1	%		(464	)	-67.4	%
Gain on sale of discontinued operations, net of taxes		1,729		0.1	%		—		0.0	%		1,729		n/m
Income from discontinued operations		1,953		0.2	%		688		0.1	%		1,265		183.9	%
Net income	$	91,842		7.7	%	$	61,161		6.1	%	$	30,681		50.2	%
Basic earnings per share (1):
Income from continuing operations	$	0.63				$	0.43				$	0.20		46.5	%
Income from discontinued operations		0.01					0.00					0.01		n/m
Total	$	0.64				$	0.44				$	0.20		45.5	%
Diluted earnings per share (1):
Income from continuing operations	$	0.62				$	0.42				$	0.20		47.6	%
Income from discontinued operations		0.01					0.00					0.01		n/m
Total	$	0.63				$	0.43				$	0.20		46.5	%
Weighted average common shares outstanding:
Basic		142,520					140,009					2,511		1.8	%
Diluted		145,307					143,317					1,990		1.4	%

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

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2010			2009			2010			2009
	(In thousands)
Income from continuing operations	$	37,906		$	28,455		$	89,889		$	60,473
Depreciation and amortization		10,031			9,115			20,011			18,227
Interest expense, net		7,155			7,724			14,431			15,302
Provision for income taxes		24,686			18,684			55,517			40,050
Earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations	$	79,778		$	63,978		$	179,848		$	134,052
EBITDA as a percentage of revenue		13.6	%		13.2	%		15.1	%		13.4	%

We provide a reconciliation of Income from Continuing Operations to EBITDA as we believe it offers investors, securities 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 securities analysts, investors, and other interested parties in evaluating companies, many of which present EBITDA when reporting their results. EBITDA should not be construed as an alternative to operating income, net income or net cash provided by (used in) operating activities, as determined in accordance with accounting principles generally accepted in the United States. In addition, not all companies that report EBITDA information calculate EBITDA in the same manner as we do and, accordingly, our calculation is not necessarily comparable to similarly named measures of other companies and may not be an appropriate measure for performance relative to other companies.

The following unaudited tables compare certain revenue categories:

	Three Months Ended June 30,
	2010			2009			Change			% Change
	(In thousands)
Included in Consolidated Statements of Income of LKQ Corporation
Recycled and related products and services	$	214,159		$	183,033		$	31,126		17.0	%
Aftermarket, other new and refurbished products		290,271			260,632			29,639		11.4	%
Parts and services		504,430			443,665			60,765		13.7	%
Other		80,251			42,690			37,561		88.0	%
Total	$	584,681		$	486,355		$	98,326		20.2	%
Revenue changes by category for the three months ended June 30, 2010 vs. 2009:
	Revenue Change Attributable to:
	Acquisition			Organic			Foreign Exchange			% Change
Recycled and related products and services		15.3	%		1.0	%		0.7	%	17.0	%
Aftermarket, other new and refurbished products		2.3	%		8.7	%		0.4	%	11.4	%
Parts and services		7.7	%		5.5	%		0.5	%	13.7	%
Other		6.5	%		81.3	%		0.2	%	88.0	%
Total		7.6	%		12.2	%		0.5	%	20.2	%
	Six Months Ended June 30,
	2010			2009			Change			% Change
	(In thousands)
Included in Consolidated Statements of Income of LKQ Corporation
Recycled and related products and services	$	429,382		$	367,558		$	61,824		16.8	%
Aftermarket, other new and refurbished products		602,644			542,283			60,361		11.1	%
Parts and services		1,032,026			909,841			122,185		13.4	%
Other		156,171			87,384			68,787		78.7	%
Total	$	1,188,197		$	997,225		$	190,972		19.2	%
Revenue changes by category for the six months ended June 30, 2010 vs. 2009:
	Revenue Change Attributable to:
	Acquisition			Organic			Foreign Exchange			% Change
Recycled and related products and services		14.6	%		1.4	%		0.8	%	16.8	%
Aftermarket, other new and refurbished products		2.2	%		8.4	%		0.5	%	11.1	%
Parts and services		7.2	%		5.6	%		0.7	%	13.4	%
Other		6.0	%		72.4	%		0.3	%	78.7	%
Total		7.1	%		11.4	%		0.6	%	19.2	%

Results of discontinued operations are as follows:

	Three Months Ended June  30,				Six Months Ended June 30,
	2010		2009		2010		2009
	(In thousands)
Revenue	$	—	$	6,399	$	686	$	13,518
Income before income tax provision		—		638		355		1,092
Income tax provision		—		236		131		404
Income from discontinued operations, net of taxes, before gain on sale of discontinued operations		—		402		224		688
Gain on sale of discontinued operations, net of taxes		—		—		1,729		—
Income from discontinued operations, net of taxes	$	—	$	402	$	1,953	$	688