Fmr LLC Reduces Position in LKQ Co. (NASDAQ:LKQ)

On March 15, 2023, Fmr LLC announced that it had reduced its position in LKQ Corporation (NASDAQ:LKQ) by approximately 4.9 million shares. The reduction was made for investment purposes and did not reflect any change in the company's fundamentals or business operations.

As of March 15, 2023, Fmr LLC held approximately 16.7 million shares of LKQ Corporation, which represented a 9.8% ownership stake in the company. After the reduction, Fmr LLC's ownership stake in LKQ Corporation decreased to approximately 11.8 million shares, or about 6.5% of the company's outstanding shares.

LKQ Corporation is a leading provider of products and services to the automotive aftermarket industry. The company operates through three segments: collision repair equipment and supplies, parts distribution, and vehicle reconditioning. LKQ Corporation has a strong presence in North America and Europe, with operations in over 20 countries.

Fmr LLC is a private investment firm that was founded by Bill Gates and Mark Zuckerberg. The firm invests in a variety of industries, including technology, healthcare, and consumer goods. Fmr LLC's investments are typically made for long-term growth opportunities and are not subject to short-term market fluctuations.