09:07 AM EST, 11/14/2025 (MT Newswires) -- (Updates with LKQ response in the final paragraph.)

LKQ (LKQ) is planning to sell its specialty parts division, Keystone Automotive Industries, Reuters reported Thursday, citing three people familiar with the matter.

The auto parts supplier has hired investment bankers at Bank of America ( BAC ) to help find a buyer for the business, the sources said.

The division is estimated to be worth roughly $1 billion, according to analysts at Raymond James, Reuters reported.

LKQ has been under pressure from investors to sell some assets to optimize shareholder value, according to the report.

LKQ declined to comment when reached by MT Newswires while Bank of America ( BAC ) did not immediately respond to requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)