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The latest update is out from CarParts.com Inc ( (PRTS) ).
At its May 11, 2026 annual meeting, CarParts.com stockholders approved a reverse stock split, and the board set the ratio at 1-for-10, leading to the filing of an amendment in Delaware on May 21, 2026 that becomes effective at 11:59 p.m. Eastern Time on May 25, 2026. The company’s common shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market on May 26, 2026 under a new CUSIP, with approximately 8,057,806 shares outstanding post-split and all options and other convertible securities adjusted proportionally.
Under the reverse split, every ten shares of CarParts.com common stock will be combined into one share, uniformly affecting all stockholders without changing their percentage ownership or modifying rights and preferences. Fractional shares will not be issued, with positions rounded up to the nearest whole share, and the company’s transfer agent, Computershare, will handle the exchange process as brokers automatically adjust client holdings subject to their procedures.
The most recent analyst rating on (PRTS) stock is a Hold with a $0.60 price target. To see the full list of analyst forecasts on CarParts.com Inc stock, see the PRTS Stock Forecast page.
Spark’s Take on PRTS Stock
According to Spark, TipRanks’ AI Analyst, PRTS is a Neutral.
PRTS scores in the low-to-mid range primarily due to weak financial performance, driven by shrinking revenue, ongoing losses, and meaningful cash burn. Offsetting this, the latest earnings call showed a notable profitability improvement (positive adjusted EBITDA) and cost discipline with a stated path to free-cash-flow positivity. Technicals are mixed and valuation is difficult to support given negative earnings and no indicated dividend.
To see Spark’s full report on PRTS stock, click here.
More about CarParts.com Inc
CarParts.com, Inc. is an online automotive parts and accessories retailer focused on selling replacement parts directly to consumers through its digital platform. The company targets vehicle owners and repair professionals seeking competitively priced, easily accessible components, leveraging e-commerce logistics to compete in the aftermarket auto parts industry.
Average Trading Volume: 651,398
Technical Sentiment Signal: Strong Sell
Current Market Cap: $53.18M
See more insights into PRTS stock on TipRanks’ Stock Analysis page.