Exhibit 99.1

LKQ CORPORATION POSTS RECORD FIRST QUARTER 2010 RESULTS

• Diluted EPS from continuing operations increased 63.6% to $0.36

• Increases 2010 outlook for EPS from continuing operations; new range of $1.06 — $1.12

• Aftermarket and refurbished parts revenue grew 10.9%

Chicago, IL (April 29, 2010) – LKQ Corporation (NASDAQ: LKQX) today reported diluted earnings per share from continuing operations of $0.36 for the first quarter ended March 31, 2010, an increase of 63.6% from $0.22 for the first quarter of 2009. Revenue for the first quarter was $603.5 million, an increase of 18.1% as compared to $510.9 million for the same period of 2009. Income from continuing operations for the first quarter of 2010 was $52.0 million, an increase of 62.4% as compared to $32.0 million for the same period of 2009.

“The year started off strong and we had a very good first quarter,” stated Joseph Holsten, President and Chief Executive Officer of LKQ Corporation. “The results reflect the strength of our parts sales businesses and improved economies of scale,” commented Mr. Holsten. “Higher parts and services revenue combined with improved commodity prices led to overall organic revenue growth of 10.7%. Our parts and services revenue grew organically by 5.6% as a result of continued increases in the sale of alternative parts, especially our aftermarket products.”

Other Events

In April 2010, LKQ received ratings upgrades from both Moody’s Investors Service and Standard & Poor’s Ratings Services. Moody’s upgraded the rating of LKQ’s senior secured debt facilities and the corporate family rating to Ba2. Standard & Poor’s raised the rating of LKQ’s senior secured debt to investment grade BBB- and LKQ’s corporate credit rating to BB.

During the first quarter of 2010, LKQ entered the tire recycling industry with its acquisition of a tire recycling business in Sterling, Connecticut. The acquired business had historical revenue of approximately $3 million in 2009. Also in the first quarter, LKQ opened start-up self service retail locations in Savannah, Georgia and Durham, North Carolina, and a heavy-duty truck facility in Monterrey, Mexico.

In January 2010, LKQ completed previously announced divestiture transactions with the sale of two self service retail facilities in Dallas, Texas to Schnitzer Steel Industries, Inc. The results of the facilities sold have been classified as discontinued operations for all periods presented.

Balance Sheet and Liquidity

As of March 31, 2010, LKQ’s balance sheet reflected cash and equivalents of $193.5 million and long-term debt, including the current portion, of $596.6 million. LKQ had no borrowings on its revolving credit facility of $100.0 million, although availability was reduced by $23.9 million of outstanding letters of credit.

Company Outlook

The Company also announced that it is raising earnings guidance for 2010. Income from continuing operations and diluted earnings per share from continuing operations are anticipated to be within the range of $154 million to $163 million and $1.06 to $1.12, respectively. The revised guidance reflects the higher commodity price environment and improved margins in the wholesale business. LKQ’s previous guidance was $145 million to $155 million for income from continuing operations, and $1.00 to $1.06 for diluted earnings per share.

Net cash provided by operating activities for 2010 is now projected to be in excess of $160 million. LKQ reiterated its 2010 range for capital expenditures related to property and equipment of $85 million to $95 million.

Changes in current operating conditions, such as fluctuations in commodity prices or freight and shipping expense, could impact the Company’s results. Additionally, 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 first quarter 2010 financial results and financial guidance on Thursday April 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: 349290. 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 May 29, 2010. Please allow approximately two hours after the live presentation before attempting to access the replay.

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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 March 31,
		2010				2009
Revenue		$	603,516			$	510,870
Cost of goods sold			320,226				281,299
Gross margin			283,290				229,571
Facility and warehouse expenses			57,776				48,929
Distribution expenses			51,189				44,272
Selling, general and administrative expenses			75,087				66,372
Restructuring expenses			80				803
Depreciation and amortization			9,229				8,274
Operating income			89,929				60,921
Other expense (income):
Interest expense, net			7,276				7,578
Other income, net			(161	)			(41	)
Total other expense			7,115				7,537
Income from continuing operations before provision for income taxes			82,814				53,384
Provision for income taxes			30,831				21,366
Income from continuing operations			51,983				32,018
Discontinued operations:
Income from discontinued operations, net of taxes			224				286
Gain on sale of discontinued operations, net of taxes			1,729				—
Income from discontinued operations			1,953				286
Net income		$	53,936			$	32,304
Basic earnings per share (1):
Income from continuing operations		$	0.37			$	0.23
Income from discontinued operations			0.01				0.00
Total		$	0.38			$	0.23
Diluted earnings per share (1):
Income from continuing operations		$	0.36			$	0.22
Income from discontinued operations			0.01				0.00
Total		$	0.37			$	0.23
Weighted average common shares outstanding:
Basic			142,194				139,793
Diluted			145,124				142,789

⁽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)

		March 31, 2010				December 31, 2009
Assets
Current Assets:
Cash and equivalents		$	193,536			$	108,906
Receivables, net			156,337				152,443
Inventory			390,950				385,686
Deferred income taxes			29,873				31,847
Prepaid income taxes			—				4,663
Prepaid expenses			12,074				9,603
Assets of discontinued operations			—				9,720
Total Current Assets			782,770				702,868
Property and Equipment, net			292,425				289,902
Intangibles			1,012,043				1,006,022
Other Assets			22,059				21,329
Total Assets		$	2,109,297			$	2,020,121
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts payable		$	58,050			$	51,300
Accrued expenses			94,776				94,027
Income taxes payable			23,240				—
Deferred revenue			9,567				9,259
Current portion of long-term obligations			15,401				10,063
Liabilities of discontinued operations			3,329				3,832
Total Current Liabilities			204,363				168,481
Long-Term Obligations, Excluding Current Portion			581,211				592,982
Deferred Income Tax Liabilities			53,368				52,209
Other Noncurrent Liabilities			25,046				27,015
Commitments and Contingencies
Stockholders’ Equity:
Common stock, $0.01 par value, 500,000,000 shares authorized, 142,687,893 and 142,004,797 shares issued at March 31, 2010 and December 31, 2009, respectively			1,427				1,420
Additional paid-in capital			825,154				815,952
Retained earnings			423,395				369,459
Accumulated other comprehensive loss			(4,667	)			(7,397	)
Total Stockholders’ Equity			1,245,309				1,179,434
Total Liabilities and Stockholders’ Equity		$	2,109,297			$	2,020,121

LKQ CORPORATION AND SUBSIDIARIES

Unaudited Consolidated Condensed Statements of Cash Flows

( In thousands )

		Three Months Ended March 31,
		2010				2009
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		$	53,936			$	32,304
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			9,980				9,291
Stock-based compensation expense			2,524				1,711
Deferred income taxes			418				2,254
Excess tax benefit from share-based payments			(3,500	)			(261	)
Gain on sale of discontinued operations			(2,744	)			—
Other			785				592
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures:
Receivables			(3,306	)			10,084
Inventory			(4,173	)			(24,789	)
Prepaid income taxes/income taxes payable			30,276				18,018
Accounts payable			5,663				(2,546	)
Other operating assets and liabilities			(1,794	)			(7,133	)
Net cash provided by operating activities			88,065				39,525
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment			(10,902	)			(6,918	)
Proceeds from sales of businesses, property and equipment			12,084				109
Cash used in acquisitions, net of cash acquired			(3,746	)			(15,756	)
Net cash used in investing activities			(2,564	)			(22,565	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options			3,185				331
Excess tax benefit from share-based payments			3,500				261
Borrowings under line of credit			—				2,310
Repayments of long-term debt			(7,827	)			(6,100	)
Net cash used in financing activities			(1,142	)			(3,198	)
Effect of exchange rate changes on cash and equivalents			271				(19	)
Net increase in cash and equivalents			84,630				13,743
Cash and equivalents, beginning of period			108,906				79,067
Cash and equivalents, end of period		$	193,536			$	92,810

LKQ CORPORATION AND SUBSIDIARIES

Unaudited Supplementary Data

( In thousands, except per share data )

		Three Months Ended March 31,
Operating Highlights		2010							2009
						% of Revenue							% of Revenue			Change				% Change
Revenue		$	603,516			100.0	%		$	510,870			100.0	%		$	92,646			18.1	%
Cost of goods sold			320,226			53.1	%			281,299			55.1	%			38,927			13.8	%
Gross margin			283,290			46.9	%			229,571			44.9	%			53,719			23.4	%
Facility and warehouse expenses			57,776			9.6	%			48,929			9.6	%			8,847			18.1	%
Distribution expenses			51,189			8.5	%			44,272			8.7	%			6,917			15.6	%
Selling, general and administrative expenses			75,087			12.4	%			66,372			13.0	%			8,715			13.1	%
Restructuring expenses			80			0.0	%			803			0.2	%			(723	)		-90.0	%
Depreciation and amortization			9,229			1.5	%			8,274			1.6	%			955			11.5	%
Operating income			89,929			14.9	%			60,921			11.9	%			29,008			47.6	%
Other expense (income):
Interest expense, net			7,276			1.2	%			7,578			1.5	%			(302	)		-4.0	%
Other income, net			(161	)		0.0	%			(41	)		0.0	%			(120	)		292.7	%
Total other expense			7,115			1.2	%			7,537			1.5	%			(422	)		-5.6	%
Income from continuing operations before provision for income taxes			82,814			13.7	%			53,384			10.4	%			29,430			55.1	%
Provision for income taxes			30,831			5.1	%			21,366			4.2	%			9,465			44.3	%
Income from continuing operations			51,983			8.6	%			32,018			6.3	%			19,965			62.4	%
Discontinued operations:
Income from discontinued operations, net of taxes			224			0.0	%			286			0.1	%			(62	)		-21.7	%
Gain on sale of discontinued operations, net of taxes			1,729			0.3	%			—			0.0	%			1,729			n/m
Income from discontinued operations			1,953			0.3	%			286			0.1	%			1,667			582.9	%
Net income		$	53,936			8.9	%		$	32,304			6.3	%		$	21,632			67.0	%
Basic earnings per share (1):
Income from continuing operations		$	0.37						$	0.23						$	0.14			60.9	%
Income from discontinued operations			0.01							0.00							0.01			n/m
Total		$	0.38						$	0.23						$	0.15			65.2	%
Diluted earnings per share (1):
Income from continuing operations		$	0.36						$	0.22						$	0.14			63.6	%
Income from discontinued operations			0.01							0.00							0.01			n/m
Total		$	0.37						$	0.23						$	0.14			60.9	%
Weighted average common shares outstanding:
Basic			142,194							139,793							2,401			1.7	%
Diluted			145,124							142,789							2,335			1.6	%

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

The following unaudited tables compare certain revenue categories:

		Three Months Ended March 31,
		2010			2009			Change			% Change
		(In thousands)
Included in Consolidated Statements of Income of LKQ Corporation
Recycled and related products and services		$	215,223		$	184,525		$	30,698		16.6	%
Aftermarket, other new and refurbished products			312,373			281,651			30,722		10.9	%
Parts and services			527,596			466,176			61,420		13.2	%
Other			75,920			44,694			31,226		69.9	%
Total		$	603,516		$	510,870		$	92,646		18.1	%

Revenue changes by category for the three months ended March 31, 2010 vs. 2009:

		Revenue Change Attributable to:
		Acquisition			Organic			Foreign Exchange			% Change
Recycled and related products and services		15.3	%		0.4	%		0.9	%		16.6	%
Aftermarket, other new and refurbished products		1.2	%		9.0	%		0.7	%		10.9	%
Parts and services		6.8	%		5.6	%		0.8	%		13.2	%
Other		5.6	%		64.0	%		0.3	%		69.9	%
Total		6.7	%		10.7	%		0.7	%		18.1	%

Results of discontinued operations are as follows:

		Three Months Ended March 31,
		2010			2009
		(In thousands)
Revenue		$	686		$	7,119
Income before income tax provision			355			454
Income tax provision			131			168
Income from discontinued operations, net of taxes, before gain on sale of discontinued operations			224			286
Gain on sale of discontinued operations, net of taxes			1,729			—
Income from discontinued operations, net of taxes		$	1,953		$	286

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

		Three Months Ended March 31,
		2010				2009
		(In thousands)
Income from continuing operations		$	51,983			$	32,018
Depreciation and amortization			9,980				9,112
Interest expense, net			7,276				7,578
Provision for income taxes			30,831				21,366
Earnings before interest, taxes, depreciation and amortization (EBITDA) from continuing operations		$	100,070			$	70,074
EBITDA as a percentage of revenue			16.6	%			13.7	%

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.