CarParts.com (PRTS) Registration Filing summary

Company overview and business model

• Operates as a leading online provider of aftermarket auto parts, selling to individual consumers via its website, app, and online marketplaces.

• Proprietary product database maps SKUs to vehicle applications, offering about 1,690,000 SKUs.

• Focuses on optimizing supply chain, expanding logistics, investing in technology, and diversifying product lines.

• Opened a new semi-automated fulfillment center in Las Vegas in June 2024 to reduce costs and improve delivery.

• Targets both premium and value segments, aiming to maximize gross profit and market share.

Market opportunity and competitive landscape

• U.S. vehicle fleet is expanding and aging, with average vehicle age reaching 12.8 years in 2025, supporting aftermarket demand.

• Online auto parts sales in the U.S. are projected to exceed $27 billion by 2028.

• Growth in automotive SKUs and consumer shift to digital platforms favor online providers.

Risk factors and disclosures

• Sale or availability of shares may depress stock price and encourage short sales.

• Future issuances of common stock or convertible securities could cause significant dilution and price decline.

• Tax Benefits Preservation Agreement may have anti-takeover effects and limit changes in control.