CarParts.com (NASDAQ:PRTS) Announces Earnings Results

Key Points

• CarParts.com beat earnings and revenue expectations, reporting adjusted EPS of ($0.03) versus the expected ($0.12), while revenue came in at $131.96 million, slightly above estimates.
• Profitability showed early improvement as adjusted EBITDA turned positive at $585,000, but the company still posted a GAAP net loss and sales fell about 10% year over year.
• Growth initiatives are gaining traction, especially the A-Premium partnership, which is approaching a $45 million annualized revenue run rate, while the JC Whitney rollout is expanding with support from a recent private placement.

CarParts.com (NASDAQ:PRTS - Get Free Report) posted its quarterly earnings results on Thursday. The specialty retailer reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.09, FiscalAI reports. The firm had revenue of $131.96 million for the quarter, compared to analyst estimates of $131.38 million. CarParts.com had a negative return on equity of 61.80% and a negative net margin of 6.97%.

Here are the key takeaways from CarParts.com's conference call:

• Adjusted EBITDA turned positive at $585,000 (first positive since Q1 2024), a nearly $7M year-over-year swing driven by advertising efficiency, warehouse labor improvements, offshore savings, and fixed-cost reductions now embedded in the run rate.
• Net sales declined ~10% to $132.0M as the company deliberately optimized advertising and enacted pricing actions against higher freight and weather headwinds, and GAAP net loss remained $1.9M for the quarter.
• The A‑Premium partnership is accelerating with an annualized revenue run rate approaching $45M (from $35M at year-end) and a near-term target of $50M, offering capital-efficient, high contribution-margin growth via extensive SKU coverage and drop-ship economics.
• JC Whitney rollout (30,000 SKUs, 7,000 live on Amazon) is scaling and funded by an $8M private placement that issued 10M shares at $0.80 to buy inventory that management expects will be accretive as it turns, but it increases share count.
• Liquidity and balance-sheet flexibility remain intact with $38M in cash, no revolver debt, and inventory of about $91M, which management says supports the growth initiatives and provides runway for the last‑mile and sourcing investments.

CarParts.com Stock Performance

CarParts.com stock traded up $0.00 during mid-day trading on Friday, hitting $0.85. 492,607 shares of the company's stock traded hands, compared to its average volume of 506,497. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.66 and a quick ratio of 0.49. The firm has a 50 day simple moving average of $0.82 and a two-hundred day simple moving average of $0.64. CarParts.com has a fifty-two week low of $0.37 and a fifty-two week high of $1.36. The stock has a market cap of $59.92 million, a price-to-earnings ratio of -1.37 and a beta of 0.84.

Key Stories Impacting CarParts.com

Here are the key news stories impacting CarParts.com this week:

• Positive Sentiment: CarParts.com reported adjusted EPS of ($0.03), beating expectations of ($0.12), while revenue of $132.0 million also slightly topped estimates. CarParts.com Q1 2026 earnings report
• Positive Sentiment: Management said adjusted EBITDA turned positive and highlighted goals to scale last-mile delivery volume, which suggests improving operating leverage and execution. Seeking Alpha article on EBITDA and last-mile targets
• Neutral Sentiment: Royal Bank of Canada raised its price target on CarParts.com to $0.60 from $0.50 and kept a sector perform rating, which points to limited upside from current levels. Benzinga report on RBC price target change
• Negative Sentiment: Despite the earnings beat, revenue still declined 10.5% year over year and gross profit fell, showing the business remains under pressure. CarParts.com Q1 2026 press release

Institutional Trading of CarParts.com

A number of hedge funds have recently modified their holdings of PRTS. Jane Street Group LLC bought a new stake in shares of CarParts.com during the 2nd quarter worth about $25,000. Marshall Wace LLP lifted its position in CarParts.com by 345.8% during the second quarter. Marshall Wace LLP now owns 68,546 shares of the specialty retailer's stock worth $51,000 after acquiring an additional 53,170 shares during the last quarter. Private Management Group Inc. bought a new stake in shares of CarParts.com during the third quarter worth approximately $65,000. Citadel Advisors LLC grew its position in shares of CarParts.com by 171.5% in the third quarter. Citadel Advisors LLC now owns 148,771 shares of the specialty retailer's stock valued at $106,000 after purchasing an additional 93,971 shares during the last quarter. Finally, State Street Corp grew its position in shares of CarParts.com by 13.2% in the fourth quarter. State Street Corp now owns 237,938 shares of the specialty retailer's stock valued at $119,000 after purchasing an additional 27,800 shares during the last quarter. Institutional investors and hedge funds own 75.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on PRTS. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of CarParts.com in a research report on Monday, April 20th. Royal Bank Of Canada boosted their price objective on shares of CarParts.com from $0.50 to $0.60 and gave the stock a "sector perform" rating in a research note on Friday. Finally, Wall Street Zen raised shares of CarParts.com from a "sell" rating to a "hold" rating in a report on Sunday, April 19th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, CarParts.com has a consensus rating of "Reduce" and an average target price of $0.60.

About CarParts.com

CarParts.com, Inc operates as a leading online retailer of aftermarket automotive parts and accessories in the United States. Through its flagship website CarParts.com and affiliated e-commerce platforms, the company offers replacement components, performance upgrades, maintenance items and collision repair parts for a wide range of domestic and import vehicles. Its product catalog includes engine parts, exterior and interior accessories, lighting, braking systems and powertrain components, supported by an extensive inventory and proprietary order management system.

Founded in 1995 by George Chamoun and headquartered in Torrance, California, CarParts.com has grown from a regional auto parts supplier into a national e-commerce platform.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.