Quarterly ResultMay 7, 2026, 04:10 PM
CarParts.com Q1 Adjusted EBITDA $0.6M; Net Loss Narrows to $1.9M
AI Summary
CarParts.com reported its first positive Adjusted EBITDA since Q1 2024, reaching $0.6 million in the first quarter of 2026, a nearly $7 million swing from the prior year. The company significantly narrowed its net loss to ($1.9) million, or ($0.03) per share, despite a 10% decrease in net sales to $132.0 million. Gross margin improved to 32.5%, and the company closed an $8.0 million strategic investment, ending the quarter with $37.9 million in cash.
Key Highlights
- Adjusted EBITDA turned positive at $0.6 million, a significant improvement from ($6.2) million year-ago.
- Net loss narrowed to ($1.9) million, or ($0.03) per share, from ($15.3) million, or ($0.27) per share.
- Net sales decreased 10% to $132.0 million compared to the year-ago quarter.
- Gross margin increased 40 basis points to 32.5% due to product mix and favorable freight costs.
- Closed an $8.0 million strategic investment during the quarter.
- Cash balance increased to $37.9 million as of April 4, 2026, from $25.8 million at year-end.
- A-Premium annualized run rate revenue is approaching $45 million, up from $35 million at year-end.
- Recorded a $2.292 million gain on the sale of its Philippines subsidiary.
- Total operating expenses decreased to $46.0 million from $62.5 million year-ago.