CarParts.com, Inc.

Is CarParts.com publicly traded?

Yes. It trades on the Nasdaq Global Market under the ticker PRTS and has been public since 2007, originally listing as U.S. Auto Parts Network before the 2020 rebrand.

Who owns CarParts.com?

Ownership is distributed among public shareholders. Following a September 2025 strategic investment, A-Premium, ZongTeng Group, and CDH Investments hold significant stakes and $25 million in convertible notes, but no single entity holds a controlling majority.

When was the company founded?

The company was incorporated in California in 1995 as U.S. Auto Parts Network by Sol Khazani and Mehran Nia. It launched its first retail website in 2000, rebranded to CarParts.com in July 2020, and is headquartered in Torrance, California.

What was CarParts.com's revenue in fiscal 2025?

Net sales were $547.5 million for the 53 weeks ended January 3, 2026, down 7% from $588.8 million the prior year. The company reported a net loss of $50.4 million and negative adjusted EBITDA of $14.0 million.

Where is CarParts.com headquartered?

Corporate headquarters is in Torrance, California. The company also operates U.S. distribution centers in Illinois, Virginia, Texas, and Nevada, and maintains a large Philippines workforce for customer service and back office functions.

What brands does CarParts.com own?

Beyond the flagship CarParts.com destination, the company owns private label lines JC Whitney, Evan Fischer, Garage-Pro, and Kool-Vue, which are positioned by sales channel across its own site and the eBay and Amazon marketplaces.

Did CarParts.com get acquired?

No. The company ran a strategic review in 2025 that considered a sale but ultimately chose a $35.7 million investment from A-Premium, ZongTeng Group, and CDH Investments instead. It remains an independent public company.

Sol Khazani and Mehran Nia incorporated the business in California in 1995 as U.S. Auto Parts Network, originally an aftermarket parts distributor. The company moved onto the web early, establishing the CarParts.com site in 1999 and launching its first retail e-commerce operation in 2000 as part of a deliberate digital pivot.

Growth through the 2000s came through site proliferation and marketplaces. The company operated a network of niche parts domains, expanded catalog coverage across makes and models, and built substantial seller operations on eBay and Amazon. It reincorporated in Delaware in March 2006 and completed a public listing on Nasdaq in 2007 under the ticker PRTS. The same period brought the JC Whitney asset acquisition, folding the century-old catalog parts brand into the company's private label stable after JC Whitney's bankruptcy-era wind-down.

That era also established the two-legged cost structure still visible in the company's filings: a U.S. operation handling merchandising, engineering, and distribution, plus a large Philippines workforce covering customer service, web development, and back office work.

The next decade layered on infrastructure: distribution centers opened in LaSalle, Illinois; Chesapeake, Virginia; Grand Prairie, Texas; and Las Vegas, Nevada, giving the company two-day ground delivery to roughly 95% of the U.S. population. A Philippines facility grew into the customer service and back office hub, and private label programs for collision parts, mirrors, and catalytic converters supplied margin that branded resale could not.

In July 2020 the company rebranded to CarParts.com and folded its sprawling domain portfolio into a single flagship site and app, betting that one consumer-facing brand would market more efficiently than dozens of niche storefronts. The COVID-era e-commerce surge initially rewarded the move, but the gains faded as customer acquisition costs climbed.

By 2025 the financial pressure forced a strategic response. The board ran a six-month review after receiving unsolicited buyer interest, then opted against a sale. In September 2025 the company closed a $35.7 million strategic investment from A-Premium, ZongTeng Group, and CDH Investments, comprising about 10.3 million new shares at $1.04 plus $25 million in convertible notes. The deal paired capital with operating partnerships: A-Premium committed to add roughly 150,000 products to the catalog and ZongTeng agreed to logistics cooperation aimed at faster, cheaper fulfillment.

Fiscal 2025, the 53 weeks ended January 3, 2026, showed net sales of $547.5 million, down 7% year on year as marketing spend was cut, gross margin of 32.8%, and a net loss of $50.4 million including an impairment charge. Headcount reductions contributed to the cost cuts: total employment had stood at 1,466 at the end of fiscal 2024 and the company cited favorable payroll costs among the operating expense drivers in fiscal 2025.

Strategic review outcome: The March to September 2025 sale exploration ended without a buyer, and the resulting $35.7 million investment diluted shareholders while bringing in investors with commercial ties to the business, a structure that drew questions about alignment.

Losses and impairment: The company has disclosed multi-year net losses and stated in filings that losses may continue, with fiscal 2025 including an impairment on long-lived assets.

Tariff and supply chain exposure: Gross margin fell partly due to tariffs on imported parts, and the company's dependence on overseas sourcing leaves it exposed to further trade policy changes.