CarParts.com’s Retail Chatter Spikes After Company Explores Strategic Options Including Potential Sale

CarParts.com has engaged Craig-Hallum Capital Group as its financial advisor to assist with the process.
Image source: Getty Images
Image source: Getty Images
Profile Image
Rimin Dutt·Stocktwits
Updated Mar 05, 2026   |   2:29 PM EST
Share
·
Add us onAdd us on Google
Loading...Loading...Loading...Loading...Loading...Loading...Loading...Loading...Loading...Loading...Loading...Loading...Loading...Loading...Loading...Loading...

Shares of CarParts.com (PRTS) surged 18% in the past five days as the company announced it was exploring strategic alternatives, including a possible sale, prompting a surge in retail chatter.

CarParts initiated the process in response to inbound strategic inquiries and has engaged Craig-Hallum Capital Group as its financial advisor.

The automotive parts retailer has not set a timeline for the completion of the exploration of strategic alternatives

Read Next
Loading...
Loading...

Advertisement|Remove ads.

“Our future as an independent company is bright,” said David Meniane, CEO of CarParts.com. “At the same time, we are committed to evaluating a range of strategic alternatives to maximize value for our shareholders."

Meniane noted the company has made significant investments in building a vertically integrated supply chain with a nationwide fulfillment network.

Retail sentiment on Stocktwits around the stock was in the ‘extremely bullish’ (82/100) territory, rising from ‘bullish’ a week ago. Message volumes remained at ‘extremely high’ levels.

Advertisement|Remove ads.

Screenshot 2025-03-10 at 7.12.34 AM.png
PRTS sentiment meter and message volume on March 9

One bullish commenter was hopeful about a $5-a-share offer price.

https://stocktwits.com/MilburnMoneybags/message/606864803

Following the announcement, Craig-Hallum’s research arm upgraded CarParts to ‘Buy’ from ‘Hold’ with a $3 price target, The Fly reported.

Advertisement|Remove ads.

According to the firm, the company has a strong balance sheet, significant asset value and low valuation, and it was logical for the company to consider strategic alternatives, adding it could offer either a private equity or strategic buyer value.

In January, the Nasdaq notified the company about regaining compliance with the exchange’s minimum bid price requirement. The notification confirmed its shares had a closing bid price at or above $1 per share for 10 consecutive business days, from Dec. 30 to Jan. 14.

Torrance, Calif.-based CarParts.com sells over one million automotive parts and accessories.

Advertisement|Remove ads.

Its stock is up 3.7% year-to-date.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Comments
Share your thoughts...

Comments posted here will also appear on symbol pages.

Follow on Google News
Read about our editorial guidelines and ethics policy

Advertisement|Remove ads.