Business
CarParts.com and A-Premium Expand Partnership to Launch 30,000-SKU JC Whitney® Branded Product Line
CarParts.com, Inc. (NASDAQ: PRTS) and A-Premium, a global leader in mechanical parts procurement and e-commerce, today announced a collaboration agreement to launch approximately 30,000 new SKUs of primarily mechanical auto parts under the iconic JC Whitney® brand marking a significant expansion of the brand into the high-value replacement parts category.
About this update from Carparts.com, Inc.
[{"type":"text","content":"Deep Collaboration Includes Complete Branding, Catalog, Sourcing, Content, and Fulfillment$8M Private Placement Funds JC Whitney Inventory InvestmentInvestment Expected to Be Accretive to Earnings","length":203,"tagName":"p","attribs":{}},{"type":"text","content":"LONG BEACH, Calif., March 25, 2026 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS) and A-Premium, a global leader in mechanical parts procurement and e-commerce, today announced a collaboration agreement to launch approximately 30,000 new SKUs of primarily mechanical auto parts under the iconic JC Whitney® brand marking a significant expansion of the brand into the high-value replacement parts category.","length":423,"tagName":"p"},{"type":"image","alt":"CarParts.com logo (PRNewsfoto/CarParts.com, Inc.)","displaySize":"","headline":null,"caption":"CarParts.com logo (PRNewsfoto/CarParts.com, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":375,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/c94331eb41a3a45bfd42a7f5cb2757e5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/09NoU6ViYzE6P5B1YLFJ8A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTc1Mg--/https://media.zenfs.com/en/prnewswire.com/c94331eb41a3a45bfd42a7f5cb2757e5","width":375,"height":400}},"href":"https://mma.prnewswire.com/media/2449535/Carparts_logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"In connection with the collaboration, CarParts.com has completed an $8 million private placement of common stock at $0.80 per share, led by industrial investors and experienced financial investors. Net proceeds will be used to fund CarParts.com's inventory investment for the JC Whitney product line.","length":304,"tagName":"p"},{"type":"text","content":"Strengthening Operational Momentum","length":34,"tagName":"p"},{"type":"text","content":"The announcement follows four consecutive quarters of operational improvement, including contribution margin expansion, reduced operating expenses, and improved marketing efficiency. In the fourth quarter, total operating expenses declined by $7.7 million year over year as the Company continues executing its path toward profitability.","length":336,"tagName":"p"},{"type":"text","content":"Expanded Strategic Partnership","length":30,"tagName":"p"},{"type":"text","content":"A-Premium and CarParts.com...