CarParts.com, Inc. reported second quarter 2026 financial results ending July 4, 2026. Net sales decreased 10.7% to $135.6 million from $151.9 million in the prior year period. The company recorded a net loss of $3.2 million, or $0.43 per share, compared to a net loss of $12.7 million, or $2.27 per share, previously. Adjusted EBITDA improved to positive $1.8 million from negative $3.1 million in the year-ago quarter. Gross margin expanded 40 basis points to 33.2%. The company entered into a new $25 million revolving credit facility with First Business Bank maturing in March 2028, which was undrawn as of quarter end. Cash balances increased to $38.2 million from $25.8 million at fiscal year-end. CarParts.com operates in the automotive aftermarket industry, providing online sales of vehicle parts and accessories.

On June 15, 2026, CarParts.com, Inc. entered into a Loan and Security Agreement with First Business Specialty Finance, LLC for an asset-based revolving credit facility of up to $25,000,000. The facility is secured by substantially all company assets and accrues interest at 1 Month Term SOFR plus 3.25% per annum, with potential reductions based on the Fixed Charge Coverage Ratio. The facility matures on March 31, 2028. In conjunction with this agreement, the company terminated its existing revolving credit facility with JPMorgan Chase Bank, which had no outstanding balance. The company operates in the e-commerce industry, selling replacement auto parts online.

CarParts.com, Inc. received a letter from Nasdaq Listing Qualifications notifying the company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1). The company's common stock closing bid price remained at $1.00 per share or greater for 10 consecutive business days from May 26, 2026, through June 8, 2026. CarParts.com, Inc. is an e-commerce retailer of automotive parts and accessories.

On June 6, 2026, CarParts.com, Inc. increased its Board of Directors to seven members and appointed Tim Nauss as an independent Class II director. Mr. Nauss will receive a $50,000 annual retainer for his service.