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what it is
It sells car parts online to drivers, repair shops, and wholesalers in the US and the Philippines.
how it gets paid
Last year Carparts made $548M in revenue. Exterior replacement parts was the main engine at $175M, or 32% of sales.
why growth slowed
Revenue fell 7.0% last year. The key number was $427M, because the company sold more and still lost $0.64 per share.
what just happened
Revenue hit $427M, but EPS stayed at -$0.64.
At a glance
C balance sheet — red flag territory — real financial stress
35/100 earnings predictability — expect surprises
-$0.71 fy2024 eps est
$589M fy2024 rev est
1.0% operating margin
xvary composite: 20/100 — weak
What they do
It sells car parts online to drivers, repair shops, and wholesalers in the US and the Philippines.
CarParts.com runs 948 employees through websites and marketplaces, while O'Reilly has 6,000+ stores. Your checkout lives online, so the company does not pay for a store on every block. Gross margin was 32.6%, so every $100 of sales kept $32.60 before overhead.
How they make money
$548M
annual revenue · their business grew -7.0% last year
Exterior replacement parts
$175M
Mirror products
$92M
Engine and chassis parts
$138M
Mechanical and electrical parts
$44M
Performance parts and accessories
$72M
Collision repair and wholesale
$27M
The products that matter
body panels and bumpers
Collision Parts
~$365M · roughly two-thirds of shown mix
This category historically drove about two-thirds of revenue mix, which means a lot of the business still depends on moving bulky, low-forgiveness inventory efficiently.
core category
maintenance and replacement parts
Maintenance & Other
~$183M · about one-third of shown mix
At roughly $183M, this is the smaller bucket, but it matters because broader replacement demand can smooth out a business that otherwise leans heavily on collision-driven volume.
mix support
third-party sales channel
eBay Storefront
2025 exclusive deal
The exclusive eBay arrangement is not a moat. It is a distribution experiment meant to improve reach in a marketplace that already lists 200 million used parts.
traffic bet
Key numbers
$548M
ttm revenue
This is the sales base. A 7.0% drop means the base is still leaking.
$49M
long-term debt
Debt equals 47% of capital, so the balance sheet still matters.
32.6%
gross margin
Every $100 sold kept $32.60 before rent, wages, and ads.
47%
debt share
Almost half the capital structure sits in debt, not equity.
Financial health
C
strength
- balance sheet grade C — very weak — significant financial distress
- risk rank 5 — safer than 5% of stocks
- price stability 10 / 100
- long-term debt $49M (47% of capital)
C — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for PRTS right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Revenue hit $427M, but EPS stayed at -$0.64.
Sales were up 234% vs. prior year, but the company still lost money. Gross margin was 32.6%, so the quarter had some cushion and no profit.
$427M
revenue
-$0.64
eps
32.6%
gross margin
revenue
The key number was $427M, because the company sold more and still lost $0.64 per share.
source: company earnings report, 2026
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What could go wrong
The top threat here is owned-logistics execution on a weak balance sheet. CarParts.com is trying to fix a shrinking business while carrying $49M of long-term debt and only a $56M market cap.
med
Owned logistics burns cash before it earns trust
The strategy is to invest in fulfillment and control more of the delivery experience. That sounds reasonable. It is also capital-intensive for a company already expected to post a -$0.71 EPS result.
If the logistics spend fails to improve conversion or repeat demand, the downside hits both earnings and liquidity at the same time.
med
Scale disadvantage stays the entire bear case
PRTS has 0.5% market share. AutoZone has 42%. O'Reilly has 38%. This is what weak pricing power looks like in numbers, not adjectives.
That gap pressures customer acquisition, gross margin at 32.6%, and the odds that any growth initiative gets enough volume to matter.
med
The capital structure leaves little room for mistakes
Long-term debt is $49M, or 47% of capital, against a market cap of about $56M. Reality is the punchline here.
If revenue keeps falling from the current $589M run-rate and margins stay near 1.0%, dilution or refinancing pressure becomes easier to imagine than self-funded recovery.
When your market cap is $56M, long-term debt is $49M, and operating margin is 1.0%, even a modest execution miss can matter more than the bull case.
source: institutional data · regulatory filings · risk analysis
Pay attention to
next report
q1 2026 earnings
The next print is expected in May 2026. After Q4 revenue of $133.4M and a smaller-than-feared loss, you want evidence that sales are stabilizing, not just that losses are narrowing.
trend
revenue direction
Companywide revenue declined 12.9% last year, and both displayed product buckets were down 7.0%. If that does not flatten out, the turnaround stays theoretical.
margin
operating margin above survival mode
Operating margin is 1.0% today. That is not a cushion. It is a reminder that shipping costs, discounting, or fulfillment misses can move the whole earnings story.
capital risk
where the $35.7M investment actually lands
A $35.7M strategic investment is big relative to a $56M equity value. Watch whether that capital translates into better inventory flow and customer retention rather than just higher fixed costs.
Analyst rankings
earnings predictability
35 / 100
This is a low predictability score. In human-speak, analysts do not trust the earnings cadence to stay clean from quarter to quarter.
risk rank
5
Risk rank: 5. That means it looks riskier than 95% of stocks in the dataset. Small caps can be messy. This one is telling you that directly.
source: institutional data
Institutional activity
institutional ownership data for PRTS is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$1
current price
n/a
target midpoint · n/a from current
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