CarParts.com Reports $131.96M in Net Sales, Reduces Losses to $1.94M

CarParts.com, Inc. reported its financial results for the thirteen weeks ended April 4, 2026, revealing a net sales figure of $131.96 million, a decrease of 10.5% from $147.38 million in the same period last year. The company incurred a net loss of $1.94 million, significantly improved from a loss of $15.28 million in the prior year. This reduction in losses was attributed to a decrease in operating expenses, which fell by 26.4% to $45.99 million, primarily due to rationalized marketing spend and favorable payroll costs resulting from headcount reductions.

The company’s gross profit for the quarter was $42.94 million, down from $47.35 million a year earlier, but the gross margin increased to 32.5%, up from 32.1%. This improvement in gross margin was driven by a favorable product mix and reduced freight costs. CarParts.com also reported an Adjusted EBITDA of $585,000, a notable recovery from a negative $6.23 million in the previous year, indicating a positive trend in operational efficiency.

In terms of strategic developments, CarParts.com completed the sale of its Philippines subsidiary on January 27, 2026, resulting in a gain of $2.29 million. The company continues to focus on enhancing its digital platforms, having launched an AI-powered shopping assistant named Spark in late 2025 to improve customer experience. Additionally, the company is expanding its product offerings, including the launch of the JC Whitney Performance Hub and the CarParts Euro hub, aimed at increasing brand loyalty and customer lifetime value.

Operationally, CarParts.com reported an increase in cash and cash equivalents to $37.86 million, up from $25.82 million at the beginning of the year. The company’s total assets rose to $191.56 million, compared to $184.86 million at the end of the previous quarter. The total number of shares outstanding increased to 80.58 million, reflecting the issuance of shares in connection with the equity purchase agreement. The company’s employee headcount remains a critical focus as it continues to streamline operations and enhance productivity.

Looking ahead, CarParts.com expressed confidence in its ability to navigate market challenges, citing its existing cash reserves and operational cash flows as sufficient to meet its needs for at least the next twelve months. The company remains committed to investing in technology and expanding its market presence, particularly in the growing online auto parts sector, which is projected to reach over $27 billion by 2028. However, the company also acknowledged potential risks, including economic fluctuations and competitive pressures, which could impact future performance.