CarParts.com Reports Q3 2026 Revenue Growth and Third Consecutive Quarter of Positive Adjusted EBITDA
CarParts.com (PRTS) reported third-quarter 2026 results characterized by a return to year-over-year revenue growth, with net sales reaching $129.3 million, up 1.2%. The company achieved its third consecutive quarter of positive adjusted EBITDA ($1.0 million), marking a significant turnaround from the $2.5 million loss recorded in the same period last year. Profitability was supported by a 10% reduction in operating expenses through distribution center consolidation and headcount reductions. The company is undergoing a strategic shift toward a more capital-efficient business model, evidenced by a decrease in private label revenue mix from 83% to 73% as it leans into third-party brands and drop-ship partnerships. While net loss improved significantly to $0.53 per share compared to last year's $10.9 million loss, management noted that consumers remain selective with discretionary spending, prompting a more disciplined approach to advertising spend.
Tickers: $CPRT
Topics: Adjusted EBITDA Gross Margin Inventory Management Net Loss Net Sales Operating Expenses
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