Welcome to our dedicated page for Carparts Com news (Ticker: PRTS), a resource for investors and traders seeking the latest updates and insights on Carparts Com stock.
CarParts.com, Inc. (NASDAQ: PRTS) is a technology-led ecommerce company in the automotive aftermarket, and this news page aggregates its latest corporate announcements, earnings updates, and strategic developments. The company sells over 1 million automotive parts and accessories online, focusing on repair, maintenance, and upgrade needs for drivers across its website, mobile app, and marketplace channels.
Visitors to this page can review quarterly earnings press releases, where CarParts.com reports net sales, gross profit, net loss, and Adjusted EBITDA, along with commentary on marketing spend, product mix, and operational efficiency. These releases also explain the company’s use of non-GAAP metrics such as Adjusted EBITDA and provide reconciliations to GAAP results.
The news feed also covers strategic transactions and partnerships, including the 2025 strategic investment from ZongTeng Group, A-Premium, and CDH Investments. Company press releases describe how these partners contribute logistics capabilities, expanded product assortments, and capital, as well as related commercial agreements and governance arrangements.
Governance and leadership updates appear here as well, such as board transitions linked to the strategic investment and executive changes disclosed in Form 8-K filings and accompanying press releases. Investors can also find notices about conference calls for first, second, and third quarter results, including webcast details and replay availability.
For anyone tracking PRTS, this page provides a centralized view of CarParts.com’s operational, financial, and strategic news, from distribution network changes and cost initiatives to membership offerings like CarParts+ and Roadside Assistance. Bookmark this feed to follow how management communicates performance, capital structure decisions, and partnerships that shape the company’s role in online automotive parts retail.
CarParts.com (NASDAQ: PRTS) has secured a strategic $35.7 million investment from ZongTeng Group, A-Premium, and CDH Investments, concluding its strategic alternatives review process announced in March 2025. The transaction includes the issuance of 10.3 million new common shares at $1.04 per share (18% premium to 90-day VWAP) and $25 million in convertible notes with a 2% annual interest rate.
The partnership provides CarParts.com access to over 150,000 additional products through A-Premium and leverages ZongTeng Group's logistics expertise to enhance delivery capabilities. Currently serving 2.5 million unique customers annually with 2-day delivery to 95% of the U.S., this strategic investment aims to strengthen CarParts.com's position in the $300 billion U.S. auto parts industry.
CarParts.com (NASDAQ: PRTS) reported mixed Q2 2025 results with net sales increasing 5% to $151.9 million, while posting a wider net loss of ($12.7) million compared to ($8.7) million in the year-ago quarter. The company's gross profit reached $49.8 million with a gross margin of 32.8%, down 70 basis points year-over-year.
The company is actively exploring strategic alternatives, including a potential sale, and reports being in the final stages of this process. Management highlighted positive Adjusted EBITDA achievement in June and implementation of cost-saving initiatives expected to generate $10 million in annualized savings. The company's financial position shows $19.8 million in cash and has drawn $10.0 million from its revolver loan.
Due to the ongoing strategic alternatives evaluation, CarParts.com is not providing guidance for 2025.CarParts.com (NASDAQ: PRTS) has scheduled its second quarter 2025 earnings conference call for Tuesday, August 12, 2025 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The company will release its financial results for the quarter ended June 28, 2025, before the conference call.
CEO David Meniane and CFO Ryan Lockwood will host the event, which will be accessible via live audio webcast on the company's investor relations website. A replay will be available afterward at www.carparts.com/investor.
CarParts.com (NASDAQ: PRTS) has scheduled its first quarter 2025 earnings conference call for Tuesday, May 13, 2025, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The company will release its financial results for Q1 2025, which ended March 29, 2025, prior to the call.
CEO David Meniane and CFO Ryan Lockwood will host the conference call and audio webcast, which will include a Q&A session. Participants must pre-register to receive dial-in details. The webcast will be accessible through the company's investor relations website and will be archived for future reference.
CarParts.com (NASDAQ: PRTS) and Safe Parking LA have released a documentary showcasing 'Fix-It Day 2025', a community service event held at the Petersen Automotive Museum. The initiative provided essential auto repairs for 38 individuals and families experiencing vehicular homelessness in Los Angeles, including those affected by recent wildfires and economic challenges.
The event brought together multiple partners including Wrench, LIQUI MOLY, Bosch, JC Whitney, The Lime Truck, and Pacific Nexus. The documentary features success stories from Safe Parking LA program graduates, including Keshia, who completed her college degree while living in her car and later launched two small businesses.
The film highlights the collaboration between corporate partners and community organizations, demonstrating how businesses can engage directly in community support beyond traditional donations. The initiative focuses on providing reliable transportation access, which is important for maintaining employment and stability for individuals facing temporary homelessness.
CarParts.com (NASDAQ: PRTS) reported declining financial results for fiscal year 2024. Net sales decreased 13% to $588.8 million, with gross profit falling to $196.7 million and gross margin of 33.4%. The company recorded a net loss of ($40.6) million, or ($0.71) per share, compared to ($8.2) million loss in 2023.
Key operational highlights include the launch of a re-platformed website with AI-based search, introduction of CarParts+ membership program, and a fully operational Las Vegas distribution center handling 25% of company volume. The mobile app reached over 800,000 cumulative downloads.
Q4 2024 showed continued challenges with net sales down 15% to $133.5 million and a net loss of ($15.4) million. The company maintains $36.4 million in cash with no revolver debt. Management attributed the decline to soft consumer demand and pressure from non-compliant illegal parts in lighting and mirrors segments. For 2025, the company is evaluating strategic alternatives and has suspended guidance.
CarParts.com (NASDAQ: PRTS) partnered with Safe Parking LA to host Fix-It Day 2025, providing essential vehicle repairs for 38 individuals and families experiencing hardship. The event was held at the Petersen Automotive Museum and Chris' Auto Service in Los Angeles.
The initiative delivered critical repairs including brake replacements, battery changes, and oil changes, with over 250 parts donated by CarParts.com and partners. Industry collaborators including JC Whitney, LIQUI MOLY, Bosch, and Wrench contributed with tools, supplies, and certified mechanics.
Participants received complimentary CarParts+ Memberships offering exclusive discounts and roadside assistance, along with custom care packages containing car maintenance essentials. The event gained recognition from Los Angeles Council District 5 and received national media coverage.
CarParts.com (NASDAQ: PRTS), a leading eCommerce automotive parts retailer, has announced it is exploring strategic alternatives to maximize shareholder value, including a potential company sale, following received strategic inquiries. The company has engaged Craig-Hallum Capital Group as financial advisor and Wilson Sonsini Goodrich & Rosati as legal counsel to support this process.
CEO David Meniane highlighted the company's 5-year investment in building a vertically integrated supply chain with nationwide fulfillment network, supporting their ecommerce platform, mobile app, and marketplaces business. While emphasizing their strong potential as an independent entity, management is committed to evaluating strategic options for maximizing shareholder value.
No specific timeline has been set for the strategic review process, and there is no guarantee it will result in any transaction or strategic change. The company will only provide updates upon entering definitive agreements or when disclosure is legally required.
CarParts.com (NASDAQ: PRTS) has scheduled its fourth quarter and fiscal year 2024 earnings conference call for Tuesday, March 25, 2025, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The company will release its financial results for the period ended December 28, 2024, through a press release before the call.
The conference call will be hosted by CEO David Meniane, CFO Ryan Lockwood, and COO Michael Huffaker, featuring a live audio webcast followed by a Q&A session. Participants must pre-register to receive dial-in details. The webcast will be accessible at carparts.com/investor/news-events, with a replay available on the company's investor website.