CarParts.com (PRTS) Company Report

CarParts.com closed a transaction on January 27, 2026, to transition its Manila-based captive operations to Lean Staffing Solutions, a subsidiary of Lean Solutions Group.
Under the agreement, Lean Solutions Group acquired 100% of CarParts.com (Philippines) Inc. and will operate the Manila organization, including teams across Customer Service, Back Office, Finance and Accounting, Marketing, and Technology.
The move is intended to streamline CarParts.com's operations, reduce complexity, and enable a greater focus on its U.S.-based distribution network, supply chain investments, technology innovation, and customer experience initiatives.
Financial terms of the transaction were not disclosed.

Jan 28, 2026, 2:00 PM

CarParts.com Announces Q3 2025 Results, Strategic Investment, and CFO Transition

PRTS

Earnings

New Projects/Investments

CFO Change

CarParts.com closed a $35.7 million strategic investment in early September from A Premium, Zongteng Group, and CDH Investments. The partnership with A Premium is expected to add $50 million in incremental revenue in the near term.
For Q3 2025, revenue was $128 million, a 12% year-over-year decrease, primarily due to a strategic shift in consumer acquisition. Gross margin was 33.1%, down from 35.2% in the prior year, and the adjusted EBITDA loss was $2.2 million.
The company is implementing a strategic shift towards profitable growth, reducing ad spend from 17.7% to 12.5% of gross sales by September and improving variable contribution margin from the low 6% range in Q1 to the low 9% range in Q3.
CarParts.com expects to be free cash flow positive in 2026. Additionally, Chief Financial Officer Ryan Lockwood will be departing to pursue a new opportunity.

Nov 10, 2025, 10:00 PM

CarParts.com Reports Third Quarter 2025 Results

PRTS

Earnings

New Projects/Investments

Demand Weakening

CarParts.com's net sales decreased 12% to $127.8 million in the third quarter ended September 27, 2025, compared to the year-ago quarter, primarily due to rationalizing marketing spend to increase profitability.
The company reported a net loss of ($10.9) million, or ($0.19) per share, and an Adjusted EBITDA of ($2.2) million for Q3 2025.
In early September 2025, CarParts.com closed a $35.7 million strategic investment from A-Premium, ZongTeng Group, and CDH Investments, which is expected to enhance logistics, expand product range, and provide strategic expertise.
Management anticipates the company will achieve free cash flow positive status in 2026.
As of September 27, 2025, CarParts.com had $36.0 million in cash and $94.3 million in inventory.

Nov 10, 2025, 9:01 PM

CarParts.com Secures Strategic Investment

PRTS

M&A

New Projects/Investments

Debt Issuance

CarParts.com, Inc. (PRTS) secured a strategic investment totaling $35.7 million from ZongTeng Group, A-Premium, and CDH Investments.
The investment, which concluded a strategic alternatives review process initiated in March 2025, involved the issuance of approximately 10.3 million new common shares at $1.04 per share and $25 million in convertible notes. The notes have a three-year term, a two percent annual interest rate, and a conversion price of $1.20 per common share.
As part of the transaction, CarParts.com entered into a long-term commercial partnership with A-Premium, providing access to over 150,000 additional products, and will collaborate with ZongTeng Group to leverage their distribution and logistics expertise.
The company's existing credit facility was amended on September 8, 2025, reducing aggregate commitments from $75 million to $25 million and modifying the maturity date from June 17, 2027, to September 8, 2026.