PRTS News & Events

CarParts.com and A-Premium, a global mechanical parts procurement and e-commerce, announced a collaboration agreement to launch approximately 30,000 new SKUs of primarily mechanical auto parts under the iconic JC Whitney brand marking a significant expansion of the brand into the high-value replacement parts category. In connection with the collaboration, CarParts.com has completed an $8M private placement of common stock at 80c per share, led by industrial investors and experienced financial investors. Net proceeds will be used to fund CarParts.com's inventory investment for the JC Whitney product line. The announcement follows four consecutive quarters of operational improvement, including contribution margin expansion, reduced operating expenses, and improved marketing efficiency. In the fourth quarter, total operating expenses declined by $7.7M year over year as the Company continues executing its path toward profitability. A-Premium and CarParts.com are expanding the commercial partnership established through the $35.7 million strategic investment completed in September 2025, which is currently generating approximately $35M in annualized revenue. Under the new collaboration, A-Premium will fully leverage its strengths in product development, sourcing, and inventory management to help build the JC Whitney product business from the ground up. The initial tranche of approximately 6,000 JC Whitney SKUs is currently in transit and expected to be available for sale in early Q2. Subsequent product launches will scale toward the full 30,000-SKU catalog over the balance of the year. CarParts.com has completed a private placement of 10,000,000 shares of common stock at 80c per share for gross proceeds of $8.0M. Dorsey Whitney served as legal counsel to CarParts.com. Haiwen & Partners served as legal counsel to the investors and A-Premium.

Reports Q4 revenue $120.4M vs. $133.54M last year. CEO David Meniane commented: "In 2025, we closed a $35.7M strategic investment, completed a full cost structure reset, and built an operating model delivering results every quarter. Our A-Premium partnership is at a $35 million annual revenue run rate - with a clear path to $50M near-term and eventually exceeding $100M at attractive contribution margins - without requiring us to carry the inventory or working capital. The evidence is in the results. Q4, historically our weakest quarter, was stronger than Q3 - marking four consecutive quarters of improvement in contribution margin, fixed operating expenses, and adjusted EBITDA. In Q4, adjusted EBITDA improved nearly $5M year over year and gross margin expanded 70 basis points to 33.2%. Marketing efficiency improved close to 300 basis points between Q1 and Q4...the company today is leaner, more focused, and built for our current revenue scale. Our path to free cash flow is not dependent on a demand rebound. It's driven by higher contribution margins, a materially lower fixed cost base, and improving capital efficiency through our partnerships. This is an execution story, not a turnaround narrative."

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