LKQ Corp Announces Sale of Self Service Segment and Pick Your Part

LKQ Corp, a leading distributor of automotive products and services, has entered into agreements to sell its Self Service segment and used auto parts provider Pick Your Part to an affiliate of Pacific Avenue Capital Partners.

Sale Details

• The sale of the Self Service segment is valued at $410 million and is expected to be completed in the fourth quarter of 2025.
• The net proceeds from the sale will be used to repay debt and strengthen the company’s balance sheet.

Additional Transaction

• LKQ has also agreed to sell its used auto parts provider Pick Your Part to Pacific Avenue Capital Partners.

Impact on Financial Performance

• The sales are expected to have a positive impact on the company’s financial performance.
• Investors who held LKQ stock for the past decade have seen a 5.43% increase in their investment.
• The company’s stock price has risen in recent days, reflecting the positive developments.