CarParts.com reports Q3 EPS (19c) vs. (17c) last year

Reports Q3 revenue $127.8M vs. $144.8M last year. “Earlier this year, we began exploring strategic alternatives to maximize shareholder value. That process has now concluded, and I’m pleased to announce that in early September, CarParts.com (PRTS) closed on a $35.7M strategic investment from A-Premium, ZongTeng Group, and CDH Investments. ZongTeng provides a global logistics network with over 24 million sq. ft. of fulfillment space, giving us access to 50+ U.S. facilities…A-Premium expands our product range by adding 100,000+ new SKUs and boosting mechanical parts coverage with minimal capital. The partnership is already generating about $20M annually and could grow to over $100M as integration progresses. CDH, managing $20B across 350+ investments and 100+ IPOs, contributes not just funding but strategic, operational, and governance expertise that strengthens our ability to scale and pursue growth…Every part of the business is moving in the same direction, and the results we’re seeing each quarter reinforce that the model is working. We’re confident that this approach, supported by the foundation we’ve built and the partnerships established through the strategic review, positions CarParts.com for long-term profitability. We expect to be free cash flow positive in 2026,” said David Meniane, CEO.