Carparts.com Enters Purchase Agreement with Three Purchasers, SEC Filing Reveals

CarParts.com, Inc. is an e-commerce company that specializes in automotive repair and maintenance resources. It sells products through its website and online marketplaces, classified into three subcategories: replacement parts, hard parts, and performance parts and accessories. The company has entered a purchase agreement with three purchasers, as stated in a recent SEC filing.

CarParts.com, Inc. (NASDAQ: PRTS), an e-commerce company specializing in automotive repair and maintenance resources, has secured a strategic investment totaling $35.7 million from ZongTeng Group, A-Premium, and CDH Investments CarParts.com secures $35 million investment from global industry leaders^[2]. The investment comes at a premium of 18% to CarParts.com’s 90-day volume-weighted average price, with approximately 10.3 million new common shares being issued at $1.04 per share. Additionally, convertible notes totaling $25 million with a three-year term and a 2% annual interest rate were also included in the deal CarParts.com secures $35 million investment from global industry leaders^[2].

The strategic investment marks a significant milestone for CarParts.com, which has seen its stock surge over 20% in the past week CarParts.com secures $35 million investment from global industry leaders^[2]. The company has formed a commercial partnership with A-Premium to expand its product offerings by more than 150,000 additional automotive parts. This partnership will also leverage ZongTeng Group’s logistics network to potentially improve delivery times and reduce fulfillment costs CarParts.com secures $35 million investment from global industry leaders^[2].

The transaction is expected to be completed in the coming days, subject to shareholder approval as needed to comply with Nasdaq rules CarParts.com secures $35 million investment from global industry leaders^[2]. Craig-Hallum Capital Group LLC served as the financial advisor for the transaction CarParts.com secures $35 million investment from global industry leaders^[2].

CarParts.com, which serves approximately 2.5 million unique customers annually, operates distribution centers providing two-day delivery coverage to 95% of the United States CarParts.com secures $35 million investment from global industry leaders^[2]. The company's recent earnings report for the second quarter of 2025 indicated a larger-than-expected loss per share, with earnings per share (EPS) reported at -$0.23 compared to the anticipated -$0.16. However, the company managed to slightly exceed revenue forecasts, reporting $151.9 million against the expected $150.61 million CarParts.com secures $35 million investment from global industry leaders^[2].

This strategic investment comes amidst a challenging market environment, but it positions CarParts.com to navigate its financial performance more effectively. Analysts have yet to provide updates on stock ratings following the earnings announcement. For deeper insights into CarParts.com’s financial health and growth prospects, investors can refer to comprehensive analysis offered by InvestingPro through its Pro Research Report CarParts.com secures $35 million investment from global industry leaders^[2].

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CarParts.com gets strategic boost from ZongTeng, A-Premium, CDH^[1]: https://www.marketscreener.com/news/carparts-com-gets-strategic-boost-from-zongteng-a-premium-cdh-ce7d59dfd180f123
CarParts.com secures $35 million investment from global industry leaders^[2]: https://au.investing.com/news/company-news/carpartscom-secures-35-million-investment-from-global-industry-leaders-93CH-4013704