CarParts.com, Inc. reported net sales of $151.9 million for the second quarter of 2025, an increase of 5% from $144.3 million in the year-ago quarter. This growth was primarily driven by increased consumer demand through its carparts.com channel, partially offset by softness in marketplace sales.
The company's gross profit for the quarter was $49.8 million, with the gross margin decreasing by 70 basis points to 32.8%, mainly due to product mix and the impact of tariffs. CarParts.com recorded a net loss of $12.7 million and an Adjusted EBITDA loss of $3.1 million for the quarter.
CEO David Meniane stated that the process to explore strategic alternatives is nearing completion, with the company evaluating potential sale or strategic investments. He also highlighted measurable sequential progress in the business, noting that June achieved positive Adjusted EBITDA, indicating that strategic efforts are beginning to yield tangible results.
Operational realignments are underway, including investments in AI and automation, expected to generate approximately $10 million in annualized cost savings. The company plans to close its Virginia distribution facility by the end of August 2025, leveraging the success and throughput of its new Las Vegas facility, which processes 25% of company volume.
As of June 28, 2025, CarParts.com had a cash balance of $19.8 million and a $10.0 million revolver loan balance. The company reiterated that it is not providing specific guidance for 2025 due to the ongoing strategic alternatives exploration.
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