SCHEDULE: Morgan Stanley Reduces LKQ Stake Below 5%

Morgan Stanley reports a decrease in its beneficial ownership of LKQ Corp. common stock to below the 5% threshold, as of March 31, 2026.

Summary

• Morgan Stanley has filed an amendment to its Schedule 13G, indicating that its beneficial ownership of LKQ Corporation's common stock has fallen below the 5% reporting threshold.
• As of March 31, 2026, the filing shows shared voting power for 7,994,686 shares and shared dispositive power for 8,523,121 shares.
• The aggregate amount beneficially owned by Morgan Stanley is reported as 8,838,156 shares, representing 3.5% of the class.
• The filing explicitly states that Morgan Stanley has ceased to be the beneficial owner of more than five percent of the class of securities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports a reduction in ownership rather than performance metrics or strategic changes that would directly impact the company's valuation.

Negatives

• Morgan Stanley's beneficial ownership of LKQ Corp. common stock has decreased to below the 5% reporting threshold.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding future performance.

Management Comments

• "As of the date hereof, Morgan Stanley has ceased to be the beneficial owner of more than five percent of the class of securities."
• "In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS")."
• "This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

StockSavvy.ai notes that a reduction in beneficial ownership by a significant institutional investor like Morgan Stanley, especially below the 5% threshold, can sometimes signal a shift in investment strategy or a rebalancing of portfolios. For LKQ Corp., this filing indicates a decrease in institutional holding, which may be observed by other market participants.

Stakeholder Impact

• Shareholders may note the reduced stake by a significant institutional investor, which could influence market perception.
• Other institutional investors and analysts will update their models and assessments of LKQ Corp.'s shareholder base.

Key Dates

Keywords

LKQ Corp, Morgan Stanley, Schedule 13G, Beneficial Ownership, Securities Filing, Common Stock, Ownership Threshold