CarParts.com Reports $132M Q1 Sales, First Positive $0.6M Adjusted EBITDA
CarParts.com closed an $8.0 million strategic investment and posted Q1 net sales of $132.0 million, down 10%, while achieving its first positive adjusted EBITDA of $0.6 million and reducing net loss to $1.9 million from $15.3 million a year ago. Gross margin improved 40 basis points to 32.5%.
1. Q1 2026 Financial Highlights
CarParts.com recorded net sales of $132.0 million in the first quarter, a 10% decline from $147.4 million a year ago, driven by marketing spend rationalization. The company reported a gross profit of $42.9 million with a 32.5% margin, narrowed its net loss to $1.9 million or $0.03 per share, and achieved adjusted EBITDA of $0.6 million.
2. Operational Milestones
During Q1, CarParts.com reached cumulative mobile app downloads of 1.4 million, grew A-Premium annualized revenue to $45 million, and activated 7,000 JC Whitney SKUs on Amazon with week-over-week sales growth. The rollout of its Mastercard, AI systems for customer experience and operations, and next-day delivery from two warehouses underline ongoing execution.
3. Capital Position and Outlook
The company ended the quarter with $37.9 million in cash, $25.3 million of convertible notes payable, and no revolver debt. Management emphasized a clear path to sustained free cash flow through advertising efficiency, supply chain investments, a fixed cost base, and a 300,000-package last mile target over the next 12–24 months.