CarParts.com Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 net sales rose 1.2% to $129.3 million year over year
- ➤Adjusted EBITDA reached $1.0 million, third consecutive positive quarter
- ➤Net loss narrowed to $4.1 million, or $0.53 per share
- ➤Gross margin increased 30 basis points to 33.4% on lower freight costs
- ➤A-Premium surpassed $50 million, exiting Q3 at approximately $55 million annualized revenue
Expert Statements
David Meniane, Chief Executive Officer of CarParts.com
“Q3 marks our third consecutive quarter of positive Adjusted EBITDA, and we grew net sales year over year while maintaining the advertising and pricing discipline we have applied all year. These results reflect deliberate decisions on assortment, footprint, pricing, advertising efficiency, and partnerships, executed consistently over time. They are structural, not one-time. We also know we are early. $1 million of Adjusted EBITDA is a foundation, and our focus now is building on it.”
David Meniane, Chief Executive Officer of CarParts.com
“We delivered on the markers we set for the quarter. A-Premium surpassed $50 million and exited Q3 at approximately $55 million in annualized run rate revenue. JC Whitney continued to scale on Amazon, and three of our four distribution centers are now running next-day delivery through our last mile network. As our capital-light, drop-ship partnerships scale, we are carrying less inventory to support the same or greater revenue.”
David Meniane, Chief Executive Officer of CarParts.com
“With our restructuring largely complete, the next phase is about growth. We recently launched CarParts+ Rewards, which has already enrolled more than 200,000 members. The same discipline that drove this year’s results will guide how we invest for growth.”
LONG BEACH, Calif., Oct. 29, 2026 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS), a leading eCommerce provider of automotive parts and accessories, and a premier destination for vehicle repair and maintenance needs, is reporting results for the third quarter ended October 3, 2026.
* Net sales increased 1.2% to $129.3 million. * Gross profit of $43.2 million vs. $42.3 million, with gross margin up 30 basis points to 33.4%. * Net loss was ($4.1) million, or ($0.53) per share, compared to a net loss of ($10.9) million, or ($1.87) per share. * Adjusted EBITDA of $1.0 million vs. ($2.5) million, the third consecutive quarter of positive Adjusted EBITDA and the highest third quarter since Q3 2023. * Cash of $33.8 million, no revolver borrowings, and inventory of $76.9 million as of October 3, 2026. * A-Premium partnership surpassed its $50 million marker, exiting the quarter at an annualized revenue run rate of approximately $55 million. * JC Whitney annualized revenue run rate increased to approximately $3 million, up from $2.5 million in Q2. * Last mile network delivered over 6,000 packages in the quarter, roughly double Q2, with next day delivery live from three of four distribution centers. * Mobile app reached 14.5% of eCommerce revenue, up from 12.9% a year ago, with 1.7 million cumulative downloads. Recent Developments
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