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CarParts.com secures $25M asset-based revolving credit facility from First Business Specialty Finance
New $25M credit facility secured by substantially all assets; borrowing base calculated primarily on cash, receivables, and inventory.
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CarParts.com regains Nasdaq minimum bid price compliance; stock closed above $1 for 10 days
Nasdaq notified CarParts.com on June 9, 2026 that it regained compliance with Listing Rule 5450(a)(1).
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CarParts.com appoints Tim Nauss as independent Class II director
Board expanded to seven members; Nauss appointed effective June 6, 2026.
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CarParts.com files 1-for-10 reverse stock split effective May 25, 2026
Reverse stock split ratio of 1-for-10, filed with Delaware on May 21, 2026.
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CarParts.com terminates NOL rights plan early; effective May 12, 2026
Amendment accelerates expiration from April 5, 2027 to May 12, 2026, ending the plan immediately.
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CarParts.com stockholders approve reverse stock split, new equity plan, and elect Nanxi Liu as director
Stockholders authorized reverse stock split (1:5 to 1:20), effective date at Board discretion.
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CarParts.com Q1 net loss narrows to $1.9M; first positive adjusted EBITDA in 5 quarters
Net sales fell 10% to $132.0M; gross margin up 40 bps to 32.5%.
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CarParts.com raises $8M in private placement to fund JC Whitney inventory; 30,000 SKUs planned with A-Premium
Completed $8M private placement of 10M shares at $0.80 per share to fund inventory for JC Whitney product line.
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CarParts.com FY2025 revenue $547.5M (-7%); net loss widens to $50.4M; Q4 adjusted EBITDA improves
Net sales FY2025 $547.5M (-7% YoY); Q4 $120.4M (-10% YoY).
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Carparts.com transfers to Nasdaq Capital Market, granted 180-day bid price extension
Closing bid price below $1.00 for 30 consecutive days triggered non-compliance; initial cure deadline Dec 10, 2025.
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CarParts.com appoints Mark DiSiena as Interim CFO effective Nov 12, 2025
Mark DiSiena named Interim CFO via consulting agreement with Everest Advisors, effective November 12, 2025.
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CarParts.com Q3 net loss $0.19/sh; closes $35.7M strategic investment from A-Premium, ZongTeng, CDH
Net sales $127.8M (-12% YoY); net loss ($10.9M) or ($0.19) per share vs ($10.0M) loss last year.
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CarParts.com CFO Ryan Lockwood resigns effective Nov 21, 2025
Ryan Lockwood resigned as CFO effective November 21, 2025, to pursue another professional opportunity.
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CarParts.com board members Maier and Barnes step down; strategic investors name observers
Henry Maier and James Barnes resigned from board effective October 7, 2025; board reduced from eight to six directors.
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CarParts.com secures $35.7M strategic investment from ZongTeng, A-Premium, CDH
Issued 10.3M shares at $1.04 (18% premium to 90-day VWAP) raising $10.7M; plus $25M 2% convertible notes due 2028, conversion at $1.20.
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CarParts.com Q2 net sales up 5% to $151.9M; net loss widens to $12.7M
Net sales $151.9M (+5% YoY); gross margin 32.8% (-70bps).
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CarParts.com receives Nasdaq bid price deficiency notice; stock below $1 for 30 days
Received Nasdaq deficiency letter on June 13, 2025 for bid price below $1 for 30 consecutive business days.
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CarParts.com Q1 net sales $147.4M (-11% YoY); net loss widens to $15.3M; no 2025 guidance given
Net sales $147.4M, down 11% YoY; gross margin 32.1%, down 30 bps.
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CarParts.com FY2024 revenue down 13%, net loss widens to $40.6M; no 2025 guidance due to strategic alternatives
Net sales $588.8M, down 13% YoY; net loss ($40.6M) or ($0.71) per share vs ($0.15) loss per share prior year.
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CarParts.com explores strategic alternatives including possible sale after inbound inquiries
Company announces exploration of strategic alternatives, including a possible sale, in response to inbound strategic inquiries.
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CarParts.com regains Nasdaq minimum bid price compliance
Received Nasdaq notice Jan 16, 2025 confirming compliance with Listing Rule 5550(a)(2).
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CarParts.com Q3 net sales down 13% YoY to $144.8M, net loss widens to $10M, guidance lowered
Net sales $144.8M (-13% YoY); gross margin 35.2% (+230 bps YoY); net loss ($10.0M) vs ($2.5M) loss.
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CarParts.com receives Nasdaq deficiency notice for bid price below $1 for 30 days
Received Nasdaq letter on Sept 18, 2024 for non-compliance with Rule 5450(a)(1) due to bid price below $1 for 30 consecutive days.
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CarParts.com Q2 net sales down 18% to $144.3M; net loss widens to $8.7M
Net loss of $8.7M ($0.15 loss per share) vs. $0.7M loss a year ago; Adjusted EBITDA of ($0.1M) vs. $6.3M.
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CarParts.com stockholders approve director elections, auditor ratification, tax plan, say-on-pay
Total 56,644,740 shares entitled to vote; 46,890,273 present at May 23, 2024 meeting.
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CarParts.com Q1 net sales $166.3M (-5% YoY), net loss $6.5M; cuts FY net sales guidance to $600-625M
Net sales $166.3M, down 5% YoY; net loss $6.5M ($0.11 per share) vs net income $1.1M a year ago.
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CarParts.com amends Tax Benefits Preservation Plan to clarify beneficial ownership definitions
Amendment No. 1 entered April 24, 2024 to Tax Benefits Preservation Plan dated April 5, 2024.
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CarParts.com adopts poison pill to protect $105M federal NOLs and $85M state tax credits
Tax Benefits Preservation Plan triggers at 4.99% ownership; rights become exercisable with 2x market value dilution.
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CarParts.com reports record FY sales of $675.7M but net loss widens to $8.2M; cuts 150 roles
FY 2023 net sales $675.7M (+2% YoY); net loss ($8.2M) vs ($1.0M); EBITDA $19.7M (vs $26.1M).
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CarParts.com Q3 net sales $166.9M (+1% YoY); net loss widens to $2.5M
Net sales of $166.9M, up 1% YoY (17% two-year stack); gross margin 32.9%, down 120 bps.
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CarParts.com Q2 sales hit record $177M but net loss of $0.7M vs net income $4.1M YoY
Net sales $177.0M, highest quarterly level, up slightly YoY and 12% on two-year stack.
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CarParts.com CMO Houman Akhavan to depart July 10, 2023
Chief Marketing Officer Houman Akhavan will leave the company effective July 10, 2023.
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Shareholders approve ESPP amendment, elect directors, ratify auditors at annual meeting
Shareholders approved amendment to 2021 ESPP increasing reserved shares by 500,000 to total 750,000 shares.
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CarParts.com Q1 net sales up 6% to $175.5M; net income falls to $1.1M
Net sales $175.5M (+6% YoY); gross profit $62.6M (+2%); gross margin 35.6% (down 120 bps on freight).
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CarParts.com posts record FY2022 sales of $661.6M, net loss narrows to $1.0M
FY2022 net sales $661.6M (+14% YoY); gross margin 34.9% (+100 bps).
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CarParts.com amends bylaws with revised stockholder nomination and meeting procedures
Board amended and restated bylaws effective February 6, 2023, including advance notice requirements for director nominations and stockholder proposals.
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CarParts.com appoints Michael Huffaker as COO effective Dec 5, 2022
Michael Huffaker, former Amazon Fresh VP, appointed COO effective Dec 5, 2022.
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CarParts.com Q3 revenue up 16% to $164.8M; adjusted EBITDA $6.3M vs $2.3M
Net sales $164.8M, up 16% YoY; 11th consecutive quarter of double-digit growth.
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CarParts.com Q2 net sales $176.2M (+12% YoY); net income $4.1M
Net sales $176.2M, +12% YoY; 10th consecutive quarter of YoY sales growth.
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CarParts.com enters $75M asset-based credit facility with JPMorgan, expandable to $150M
New five-year ABL revolving facility with JPMorgan; $75M initial commitment subject to borrowing base availability.
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CarParts.com shareholders elect three Class I directors at 2022 annual meeting
Ana Dutra elected with 26.3M votes for, 6.8M withheld, 12.1M broker non-votes.
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CarParts.com Q1 sales record $166.1M (+15%), net income $2.1M vs loss, adj EBITDA record $9.4M
Net sales $166.1M, up 15% YoY; two-year stack growth 80%.
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CarParts.com names Kals Subramanian as CTO; Sanjiv Gomes transitions to CIO
Kals Subramanian appointed Chief Technology Officer, effective April 18, 2022; previously VP of eCommerce Technology at Lowe's.
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CarParts.com terminates unused $50M at-the-market equity offering program
Terminated ATM equity offering program with D.A. Davidson effective March 18, 2022; no shares were ever sold.
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CarParts.com names David Meniane CEO and Ryan Lockwood CFO; Lev Peker steps down
CEO Lev Peker resigns effective April 15, 2022, to pursue other opportunities; no disagreement cited.
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CarParts.com Q4 net sales $138.3M (+23% adjusted), net loss $5.0M; FY sales $582.4M (+34%)
Q4 net sales $138.3M, up 15% reported (23% excl. extra week); gross margin 34.3%.
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CarParts.com appoints Ana Dutra to board of directors
Appointed Ana Dutra as independent Class I director effective January 10, 2022, to serve until the 2022 annual meeting.
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CarParts.com preliminary FY2021 revenue $582M, 3-year growth from $289M
FY2021 preliminary annual revenue of $582 million, up from $289 million three years prior.
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CarParts.com enters $50M at-the-market equity offering program with D.A. Davidson
Capacity to sell up to $50M of common stock through D.A. Davidson as sales agent.
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CarParts.com board adopts Officer and Director Share Purchase Plan; 250,000 shares reserved
Board approved a share purchase plan enabling officers and directors to buy common stock at fair market value via payroll or fee deductions.