PRTS
CarParts.com, Inc.0.3922
+0.0044+1.13%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
25.84MP/E (TTM)
-Basic EPS (TTM)
-0.91Dividend Yield
0%Recent Filings
8-K
8-K
8-K
8-K
Board shrinks post-investment
CarParts.com's board shrank from eight to six directors as Henry Maier and James Barnes stepped down effective October 7, 2025, tied to the recent strategic investment from ZongTeng Group, A-Premium, and CDH Investments announced September 9. The investors appointed Thomas Yunlong Man and Na 'Mina' He as board observers, bringing M&A and investment expertise to guide cross-border growth. Board transitions smooth. This aligns investor influence with expansion goals, yet no integration risks disclosed.
8-K
CarParts.com announces $35.7M strategic investment from ZongTeng Group, A-Premium, and CDH Investments. The deal includes 10.3M common shares at $1.04 (18% premium) and $25M convertible notes at $1.20 conversion. This concludes the March 2025 strategic review, providing growth capital and partnerships for product expansion and logistics enhancement in the $300B U.S. auto parts market.
{"filing":{"event":"CarParts.com secures $35.7 million strategic investment from ZongTeng Group, A-Premium, and CDH Investments, involving issuance of 10.3 million common shares at $1.04 each and $25 million in convertible notes at $1.20 conversion price. This concludes the strategic alternatives review process announced in March 2025.","company":"CarParts.com, Inc. (NASDAQ: PRTS)","date":"September 9, 2025"},"transaction":{"type":"Strategic Investment","investors":["ZongTeng Group","A-Premium","CDH Investments"],"amount":"$35.7 million","structure":{"equity":"10.3 million common shares at $1.04 per share (18% premium to 90-day VWAP)","debt":"$25 million convertible notes (3-year term, 2% interest, $1.20 conversion price)"},"purpose":"Strengthen balance sheet, fund growth, expand product assortment, enhance customer experience, accelerate operational improvements","partnerships":{"A-Premium":"Long-term commercial partnership for 150,000+ additional products (kits and bundles)","ZongTeng Group":"Leverage distribution/logistics expertise for faster delivery, better inventory management, lower costs"},"strategic review":"Concludes March 2025 process evaluating sale/other alternatives; board determined this transaction best for shareholder value"},"company profile":{"business":"E-commerce provider of automotive parts/accessories","scale":"2.5M unique customers annually, 2-day delivery to 95% of U.S. via nationwide distribution centers","positioning":"One-stop destination for DIY customers and professional installers"},"investor details":{"ZongTeng Group":"Global e-commerce infrastructure services provider; logistics for 60,000+ cross-border sellers; 10,000+ employees, 4 B777F aircraft, 24M+ sq ft fulfillment space","A-Premium":"Global auto parts brand; 150,000+ SKUs in mechanical/performance parts; serves worldwide customers","CDH Investments":"Asia-focused alternative asset manager; $20B AUM; invested in 350+ companies, 100+ IPOs"},"quotes":{"David Meniane (CEO, CarParts.com)":"Inflection point; right partners for next stage; premium valuation, retained upside, transformational sourcing/operations","Leon Chen (ZongTeng Group)":"Superior fulfillment/customer reach; undervalued competitive advantages","Aaron Gong (A-Premium)":"Ideal partner for U.S. expansion; 150,000 SKUs to tens of millions of customers","Chase Zheng (CDH Investments)":"Operational excellence, untapped potential; value-adding strategies for growth"},"advisors":{"CarParts.com":"Craig-Hallum Capital Group LLC (exclusive financial advisor), Wilson Sonsini Goodrich & Rosati (legal)","Investors":"White & Case (legal counsel)"},"forward-looking statements":"Includes risks; no undue reliance; qualified by cautionary language"}
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