CarParts.com Q2 net loss narrows despite lower sales

Carparts.Com

06/08/2026 21:18

Overview
US auto parts e-commerce firm's Q2 net sales fell 10.7% yr/yr
Gross margin rose to 33.2%, helped by product mix and lower freight costs
Net loss narrowed and adjusted EBITDA turned positive on lower costs and improved operations

Outlook
Company did not provide specific financial guidance for the current qtr or full yr

Result Drivers
PROFITABILITY INITIATIVES - Co said sales decline was mainly due to efforts to improve profitability, including reduced marketing spend targeting lower-margin and lower-lifetime-value customers
GROSS MARGIN EXPANSION - Gross margin rose, driven by product mix and favorable freight costs
LOWER OPERATING EXPENSES - Operating expenses fell, supported by reduced marketing spend, payroll costs from headcount reductions, and warehouse productivity

Company press release: ID:nPnNmMbPa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
$135.64 mln
$129.04 mln (2 Analysts)
Q2 Net Loss
 
$3.22 mln
 
Q2 Adjusted EBITDA
 
$1.76 mln
 
Q2 Gross Margin
 
33.2%
 
Q2 Gross Profit
 
$45.06 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy"
Wall Street's median 12-month price target for Carparts.Com Inc is $10.54, about 85.9% above its August 5 closing price of $5.67

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)