CarParts.com Reports Q2 2026 Financial Results with $135.6M in Net Sales

CarParts.com, Inc. reported its financial results for the second quarter of 2026, revealing a net sales figure of $135.6 million, a decrease of 10.7% from $151.9 million in the same quarter of the previous year. For the first half of the fiscal year, the company generated $267.6 million in net sales, down from $299.3 million in the prior year. The gross profit for the second quarter was $45.1 million, reflecting a 9.5% decline from $49.8 million year-over-year, while the gross margin improved slightly to 33.2% from 32.8%. The company reported a net loss of $3.2 million for the quarter, a significant improvement compared to a net loss of $12.7 million in the same period last year.

The decrease in revenue was attributed to strategic initiatives aimed at improving profitability, including a reduction in marketing expenditures directed at lower-margin customers. Operating expenses also saw a notable decline, dropping 22.4% to $48.3 million in the second quarter, down from $62.2 million in the prior year. This reduction was primarily due to lower marketing and payroll costs, as well as a gain from the sale of the company's Philippines subsidiary earlier in the year. The company’s total liabilities decreased to $127.2 million from $131.4 million, while stockholders' equity increased to $56.8 million from $53.5 million.

In terms of operational metrics, CarParts.com has continued to enhance its digital platforms and product offerings. The company launched an AI-powered shopping assistant named Spark in late 2025, aimed at improving customer experience. Additionally, CarParts.com expanded its product assortment through a partnership with A-Premium, which added approximately 150,000 SKUs to its inventory without increasing owned inventory levels. The company also opened a new fulfillment center in Las Vegas, which is expected to enhance service levels and reduce transportation costs.

As of July 4, 2026, CarParts.com reported cash and cash equivalents of $38.2 million, a significant increase from $25.8 million at the beginning of the year. The company’s working capital stood at $55.8 million, up from $53.8 million. Looking ahead, CarParts.com anticipates that its existing cash, cash equivalents, and available debt financing will be sufficient to meet operational needs for at least the next twelve months. The company remains focused on leveraging its technology investments and expanding its market presence to drive future growth, particularly in the online auto parts sector, which is projected to grow significantly in the coming years.