CarParts.com receives strategic funding from ZongTeng Group
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 09 2025
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Investment Announcement: CarParts.com has secured a strategic investment of $35.7M from ZongTeng Group, A-Premium, and CDH Investments.
Growth Strategy: The investment will enhance CarParts.com's balance sheet and provide capital for expanding product offerings, improving customer experience, and accelerating operational improvements for long-term growth.
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Analyst Views on PRTS
Wall Street analysts forecast PRTS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRTS is 0.60 USD with a low forecast of 0.60 USD and a high forecast of 0.60 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 0.511
Low
0.60
Averages
0.60
High
0.60
Current: 0.511
Low
0.60
Averages
0.60
High
0.60
No data
About PRTS
CarParts.com, Inc. is a technology-driven e-commerce company engaged in offering automotive parts and accessories. It serves as a one-stop shop for repair and maintenance resources. It principally sells its products, identified as stock keeping units (SKUs), to individual consumers through its Website, www.carparts.com, app, and online marketplaces. It has classified its products into three subcategories by function: replacement parts, hard parts, and other parts and accessories. The replacement parts category is primarily comprised of parts for the exterior of an automobile. The hard parts category is comprised of engine and chassis components as well as other mechanical and electrical parts, including its own house brands of aftermarket catalytic converters called Evan Fischer. Its Other parts and accessories generally consist of parts that enhance the performance of the automobile, including parts from one of its own house brands, JC Whitney.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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