David Meniane

“In the second quarter of 2026, we delivered our highest adjusted EBITDA since the third quarter of 2023. Adjusted EBITDA was $1.8 million, an improvement of $4.9 million from the same quarter last year.”

“In the first quarter of 2026, we reached a milestone. We have been building to work for five consecutive quarters. Our first positive adjusted EBITDA since Q1 2024.”

“In 2025, we closed the $35.7 million strategic investment, completed a full cost structure reset, and built an operating model that is now delivering results every quarter.”

“Earlier this year, we announced a process to explore strategic alternatives to maximize shareholder value. To provide an update, we remain fully engaged in our process and are highly confident that this process is nearing completion.”

“Over the third quarter, we made progress against our plan to position CarParts for a strong fiscal 2025 and beyond.”