News & Events zu Carparts.Com Inc (PRTS)PRTSCarparts.Com Inc

US Auto Parts Network Trading Halted, News Pending

US Auto Parts Network trading halted, news pending

A-Premium Reports Q1 Revenue of $132M, Positive Adjusted EBITDA

Reports Q1 revenue $132.0M vs. last year. CEO David Meniane commented: "In Q1 of 2026, we reached a milestone we have been building toward for five consecutive quarters: our first positive adjusted EBITDA since Q1 2024. Adjusted EBITDA was positive $585K, a swing of nearly $7M from the same quarter last year, driven by deliberate action across every line item in the P&L...A-Premium is approaching $45M in annualized run rate revenue, up from $35M at year-end...Spark and Zaap, our AI systems for customer experience and internal operations, are live. And we are running next day delivery out of 2 of our 4 warehouses today, with a target of 300,000 packages through our last mile network over the next 12 to 24 months. We have always been two companies in one: a digital layer and a physical asset base. In a world where AI is commoditizing digital execution, the physical infrastructure (our distribution network, our last mile capability, and our global supply chain) becomes the moat. That is where we are investing. We ended the quarter with $38M in cash and no revolver debt. The path to sustained free cash flow runs through levers we control, and we are executing against them today."

CarParts.com and A-Premium Collaborate to Launch 30,000 New Auto Parts

CarParts.com and A-Premium, a global mechanical parts procurement and e-commerce, announced a collaboration agreement to launch approximately 30,000 new SKUs of primarily mechanical auto parts under the iconic JC Whitney brand marking a significant expansion of the brand into the high-value replacement parts category. In connection with the collaboration, CarParts.com has completed an $8M private placement of common stock at 80c per share, led by industrial investors and experienced financial investors. Net proceeds will be used to fund CarParts.com's inventory investment for the JC Whitney product line. The announcement follows four consecutive quarters of operational improvement, including contribution margin expansion, reduced operating expenses, and improved marketing efficiency. In the fourth quarter, total operating expenses declined by $7.7M year over year as the Company continues executing its path toward profitability. A-Premium and CarParts.com are expanding the commercial partnership established through the $35.7 million strategic investment completed in September 2025, which is currently generating approximately $35M in annualized revenue. Under the new collaboration, A-Premium will fully leverage its strengths in product development, sourcing, and inventory management to help build the JC Whitney product business from the ground up. The initial tranche of approximately 6,000 JC Whitney SKUs is currently in transit and expected to be available for sale in early Q2. Subsequent product launches will scale toward the full 30,000-SKU catalog over the balance of the year. CarParts.com has completed a private placement of 10,000,000 shares of common stock at 80c per share for gross proceeds of $8.0M. Dorsey Whitney served as legal counsel to CarParts.com. Haiwen & Partners served as legal counsel to the investors and A-Premium.