earnings
confidence high
sentiment positive
materiality 0.70
CarParts.com Q2 net loss narrows to $3.2M; adjusted EBITDA positive $1.8M
CarParts.com, Inc.
- Net sales $135.6M, down 10.7% YoY; net loss ($3.2M) vs ($12.7M) YoY.
- Adjusted EBITDA $1.8M, highest since Q3 2023, vs ($3.1M) YoY.
- Gross margin 33.2%, up 40 bps YoY; A-Premium run rate approaching $50M.
- New $25M revolver with First Business Bank, undrawn; cash $38.2M.
- Completed 10-to-1 reverse stock split, regained Nasdaq compliance.