CarParts.com, Inc. (NASDAQ: PRTS) reported financial results for the third quarter ended October 3, 2026, marking a return to positive Adjusted EBITDA. The company reported net sales of $129.3 million for the quarter, a 1.2% increase compared to the year-ago period. Gross profit was $43.2 million, with a gross margin of 33.4%, an increase of 30 basis points from the prior year.
Despite the sales growth, the company recorded a net loss of $4.1 million, or $0.53 per share. This compares to a net loss of $10.9 million, or $1.87 per share, in the same period last year. The improvement in net loss was primarily driven by lower operating expenses and higher net sales. Adjusted EBITDA for the quarter was $1.0 million, representing the third consecutive quarter of positive Adjusted EBITDA and the highest third quarter since 2023.
On the balance sheet, the company held $33.8 million in cash as of October 3, 2026, with no revolver borrowings. Inventory stood at $76.9 million. The company noted that its A-Premium partnership surpassed a $50 million marker, exiting the quarter at an annualized revenue run rate of approximately $55 million. Additionally, the JC Whitney brand saw its annualized revenue run rate increase to approximately $3 million.
- Net sales: $129.3 million (up 1.2% YoY)
- Gross profit: $43.2 million (margin 33.4%)
- Net loss: ($4.1) million ($0.53 per share)
- Adjusted EBITDA: $1.0 million
- Cash balance: $33.8 million
- Inventory: $76.9 million
Management highlighted recent operational developments, including the launch of CarParts+ Rewards, a points-based loyalty program that enrolled over 200,000 members since its October 13 launch. The company also partnered with Klarna to offer buy-now-pay-later financing at checkout. The last mile network delivered over 6,000 packages in the quarter, roughly double the volume from Q2, with next-day delivery now live from three of four distribution centers.
