CarParts.com Logs Wider 2Q Loss, Evaluation of Strategic Alternatives Continues

Dow Jones

Aug 13

By Kelly Cloonan

CarParts.com logged a wider loss in its latest quarter despite a rise in sales as it continues to evaluate strategic alternatives.

The provider of automotive parts and accessories on Tuesday posted a loss of $12.7 million, or 23 cents a share, for the second quarter, compared with a loss of $8.7 million, or 15 cents a share, a year earlier.

Revenue rose 5% to $151.9 million.

The increase was driven by higher consumer demand through the company's primary ecommerce sales channel, partially offset by continued softness in its marketplaces sales channel.

Chief Executive David Meniane said the company is still exploring strategic alternatives, and is confident that the process is nearing completion.

"We are currently evaluating several different transaction structures, including a potential sale of the company and strategic investments that we believe have the potential to strengthen our capabilities and unlock new growth," Meniane said.

The Torrance, Calif. company said it is not providing guidance due to its evaluation of strategic alternatives.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

August 12, 2025 17:09 ET (21:09 GMT)

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