CarParts.com Inc Faces Challenges Amidst Strategic Shifts

In a recent turn of events, CarParts.com, Inc., a leading online retailer of automotive parts, has reported a significant increase in its second-quarter loss, missing analysts’ estimates. The company, which operates under the ticker symbol PRTS on the Nasdaq, disclosed its financial results for the quarter ending June 28, 2025, revealing a net loss of $12.7 million, or $0.23 per share. This marks a notable increase from the previous year’s net loss of $8.7 million, or $0.15 per share, despite a 5% increase in net sales to $151.9 million.

The company’s gross profit saw a modest rise to $49.8 million, with a gross margin of 32.8%, up from $48.4 million in the year-ago quarter. However, the adjusted EBITDA reflected a downturn, moving to a loss of $3.1 million from a slight profit of $0.1 million in the previous year. CarParts.com’s financial position includes $19.8 million in cash and $94.0 million in inventory, with its mobile app reaching approximately 1 million cumulative net downloads and over 7,000 CarParts+ and Roadside Assistance Memberships.

In a statement, management expressed ongoing engagement in exploring strategic alternatives to maximize shareholder value, indicating confidence that this process is nearing completion. This comes at a time when the company’s stock has been under pressure, with the close price on August 10, 2025, standing at $0.89, significantly below its 52-week high of $1.42 on January 23, 2025, and above its 52-week low of $0.68 on October 24, 2024.

Leadership Transition Signals New Horizons

In related news, the automotive aftermarket industry witnessed a significant leadership transition as Lev Peker, former CEO of CarParts.com, was appointed as the Chief Executive Officer of Diversified Foodservice Supply (DFS). Peker’s tenure at CarParts.com was marked by operational scaling, enhanced customer experiences, and strong financial performance, leveraging his expertise in e-commerce, operational efficiency, and system modernization.

Peker’s move to DFS, a leading provider of equipment, supplies, and parts to the foodservice industry, is seen as a strategic alignment with his proven track record in the automotive aftermarket. His leadership style, characterized by innovation, customer focus, and a strong team culture, is expected to bring a fresh perspective and renewed energy to DFS. While transitioning to a new industry, Peker’s adaptable leadership and business acumen are anticipated to drive performance and foster growth at DFS.

As CarParts.com navigates through its current challenges and explores strategic alternatives, the industry watches closely. The leadership transition at DFS, with Peker at the helm, underscores the dynamic nature of the automotive aftermarket and foodservice supply sectors, highlighting the importance of strategic leadership in driving company success.

In summary, CarParts.com Inc. is at a pivotal moment, facing financial challenges while exploring strategic alternatives to enhance shareholder value. Meanwhile, Lev Peker’s appointment as CEO of DFS marks a significant leadership transition, promising new directions and opportunities for growth in the foodservice supply industry.