PRTS News & Events

CarParts.com's (PRTS) proprietary brand Evan Fischer will now be offered exclusively on eBay (EBAY) as the only third-party marketplace where the brand is available. Through this expanded collaboration, DIYers, professional mechanics, and automotive enthusiasts will now have access to Evan Fischer's replacement parts through eBay's reach.

CarParts.com files to sell 32.46M shares of common stock for holders

Reports Q3 revenue $127.8M vs. $144.8M last year. "Earlier this year, we began exploring strategic alternatives to maximize shareholder value. That process has now concluded, and I'm pleased to announce that in early September, CarParts.com closed on a $35.7M strategic investment from A-Premium, ZongTeng Group, and CDH Investments. ZongTeng provides a global logistics network with over 24 million sq. ft. of fulfillment space, giving us access to 50+ U.S. facilities...A-Premium expands our product range by adding 100,000+ new SKUs and boosting mechanical parts coverage with minimal capital. The partnership is already generating about $20M annually and could grow to over $100M as integration progresses. CDH, managing $20B across 350+ investments and 100+ IPOs, contributes not just funding but strategic, operational, and governance expertise that strengthens our ability to scale and pursue growth...Every part of the business is moving in the same direction, and the results we're seeing each quarter reinforce that the model is working. We're confident that this approach, supported by the foundation we've built and the partnerships established through the strategic review, positions CarParts.com for long-term profitability. We expect to be free cash flow positive in 2026," said David Meniane, CEO.

CarParts.com announced that it has secured a strategic investment from ZongTeng Group, a world-class distribution and logistics powerhouse, A-Premium, a recognized global leader in mechanical parts procurement, marketing and e-commerce, and CDH Investments, a highly respected asset manager. As part of the transaction, ZongTeng Group, A-Premium, and CDH Investments will invest a total of $35.7M into CarParts.com. This capital infusion not only strengthens the company's balance sheet but also provides flexible, low-cost growth capital to fund strategic initiatives. CarParts.com will leverage these resources to expand its product assortment, enhance its customer experience and accelerate key operational improvements, positioning the company to better serve its customers while driving long-term growth and profitability.