---
schema_version: "secwatch.filing_event.v1"
accession: "0001378950-23-000028"
form_type: "8-K"
ticker: "PRTS"
cik: "0001378950"
company_name: "CarParts.com, Inc."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:07:13.706091+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CarParts.com Q1 net sales up 6% to $175.5M; net income falls to $1.1M

## Summary
- Net sales $175.5M (+6% YoY); gross profit $62.6M (+2%); gross margin 35.6% (down 120 bps on freight).
- Net income $1.1M ($0.02 EPS) vs $2.1M ($0.04 EPS) in prior-year quarter; Adjusted EBITDA flat at $9.4M.
- Cash balance $49.3M, no revolver debt or trade LCs, vs $18.8M cash at year-end 2022.
- CEO cites 13th consecutive quarter of growth; plans to drive operating improvements and expand assortment.

## SEC filing metadata
- accession: 0001378950-23-000028
- form_type: 8-K
- ticker: PRTS
- cik: 0001378950
- company_name: CarParts.com, Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1378950/000137895023000028/0001378950-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1378950/000137895023000028/prts-20230502x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001378950-23-000028
- JSON: https://secwatch.observer/filing/0001378950-23-000028.json
- Plain text: https://secwatch.observer/filing/0001378950-23-000028.txt

## Key facts
- Earnings Releases
  CarParts.com, Inc. reported first quarter ended April 1, 2023 results: revenue $175.5 million, net income $1.1 million, EPS $0.02 per diluted share.
  - Period: first quarter ended April 1, 2023
  - Revenue: $175.5 million
  - Net income: $1.1 million
  - EPS: $0.02 per diluted share
  - Result: reported results
  source text: and maintenance needs, is reporting results for the first quarter ended April 1, 2023. First Quarter 2023 Summary vs. Year-Ago Quarter ● Net sales increased 6% year over year to $175.5 million and increased 20% on a two-year stack. ● Gross profit increased 2% to $62.6 million, with gross margin of 35.6%. ● Net income w as $1.1 million or $0.02 per diluted share,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1378950/000137895023000028/0001378950-23-000028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.