CarParts.com Inc (PRTS)
NASDAQ:PRTS
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.23Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Q1 2026
Earnings Call Date:May 07, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call communicated a clear operational inflection: material cost reductions, improved advertising efficiency, and strategic partnerships drove adjusted EBITDA positive and meaningful year-over-year improvement in profitability metrics. Simultaneously, the company faces top-line pressure (≈10% sales decline), freight/fuel headwinds, early-stage execution risk on new initiatives and some balance-sheet considerations (convertible notes, recent equity issuance and tariff claims). Overall, the positive operational momentum, stronger liquidity and scalable partnership opportunities outweigh the top-line and execution risks conveyed, but the path to sustained free cash flow remains dependent on continued execution.Company Guidance
Positive Adjusted EBITDA Inflection
Adjusted EBITDA was positive $585,000 in Q1 2026 vs a loss of ~$6.2 million in Q1 2025, a swing of nearly $7.0 million year-over-year, marking the first positive adjusted EBITDA since Q1 2024.
Improved GAAP Loss and Gross Margin
GAAP net loss narrowed to $1.9 million in Q1 2026 from a $15.3 million loss in Q1 2025. Gross profit was $42.9 million on $132.0 million of net sales with gross margin at 32.5%, up ~40 basis points from 32.1% a year ago.
Significant Operating Expense Reductions
Total operating expenses declined to $46.0 million from $62.5 million in Q1 2025, a reduction of approximately $16.5 million or ~26% year-over-year, driven by lower advertising, improved warehouse efficiency and headcount reductions.
Strong Liquidity Position
Ended the quarter with $38 million in cash and no revolver debt outstanding, providing financial flexibility to execute growth initiatives.
A-Premium Partnership Growth
A-Premium annualized revenue run rate approaching $45 million, up from $35 million at year-end (≈28.6% increase), with a near-term target of $50 million and a longer-term pathway management believes can exceed $100 million; generated at attractive contribution margins and without carrying inventory.
JC Whitney Launch and Inventory Financing
Launched JC Whitney branded product line (30,000 SKUs) in partnership with A-Premium; initial 7,000 SKUs are live on Amazon and generating week-over-week revenue. Completed an $8 million private placement to fund JC Whitney inventory; management expects the inventory investment to be accretive as it turns.
Progress on Last-Mile and Fulfillment
Delivered over 2,000 packages to the last-mile network and running next-day delivery out of 2 of 4 warehouses; targeting 300,000 packages delivered to the last-mile network over the next 12–24 months to capture savings on big and bulky items.
Technology and AI Deployments
Two AI systems in production: 'Spark' (customer-facing shopping assistant) and 'Zaap' (internal automation for returns, cancellations and warranty claims), leveraging proprietary fitment/catalog data.
Supply-Chain Investment — Taipei Office
Opened a branch office in Taipei to deepen supplier relationships (≈70% of purchases from Taiwan), improve lead times and support consolidated sourcing — a strategic long-term supply-chain investment.
Recurring Fee Income Programs
Launched CarParts.com Mastercard (over 1,000 cards activated) and noted that combined fee-income programs (membership, warranties, card fees) now generate in excess of $4 million in annual fee income to boost lifetime value and retention.
Nonrecurring Gain and Inventory Efficiency
Recorded a $2.3 million noncash gain related to the sale of Manila operations; inventory declined to ~$91 million from $95 million at year-end, reflecting growing drop-ship mix and lower owned inventory needs.
PRTS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PRTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $0.85 | ― | ― |
Mar 05, 2026 | $0.77 | $0.75 | -3.12% |
Nov 10, 2025 | $0.63 | $0.56 | -11.90% |
Aug 12, 2025 | $0.92 | $0.77 | -15.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CarParts.com Inc (PRTS) report earnings?
CarParts.com Inc (PRTS) is schdueled to report earning on Aug 04, 2026, After Close (Confirmed).
What is CarParts.com Inc (PRTS) earnings time?
CarParts.com Inc (PRTS) earnings time is at Aug 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is PRTS EPS forecast?
PRTS EPS forecast for the fiscal quarter 2026 (Q2) is -0.09.