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CarParts.com, Inc., currently trading at $0.81 and showing a year-to-date decline of 21%, has received a notification from NASDAQ on June 13, 2025, indicating the company’s non-compliance with the minimum bid price requirement. The company’s common stock has been trading below the $1 threshold for 30 consecutive business days, violating NASDAQ Listing Rule 5450(a)(1). According to InvestingPro analysis, the stock has demonstrated high price volatility, trading between $0.68 and $1.45 over the past 52 weeks.
The online auto parts retailer, with a market capitalization of $47.31 million, now has until December 10, 2025, to address the issue and bring its share price back over $1 for at least ten consecutive business days. If CarParts.com fails to meet the requirement within this 180-day period, it may be granted an additional 180 days to regain compliance, provided it meets other NASDAQ Capital Market initial listing standards, excluding the bid price requirement. InvestingPro data reveals the company is currently operating with moderate debt levels and trades at a low revenue valuation multiple, though it remains unprofitable over the last twelve months.
The company is considering various options to resolve the deficiency, including a potential reverse stock split. However, there is no guarantee that CarParts.com will be able to regain compliance with the NASDAQ bid price rule. Investors seeking deeper insights can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research report, which is part of their coverage of over 1,400 US stocks.
In other company news, during the Annual Meeting held on the same day, stockholders voted on several key proposals. Three Class I directors were elected to serve until the 2028 Annual Meeting. Additionally, the selection of RSM US LLP as the independent registered public accounting firm for fiscal year 2025 was ratified. The advisory vote on the compensation of the company’s named executive officers was also approved.
This information is based on a press release statement from CarParts.com filed with the SEC.
In other recent news, CarParts.com reported first-quarter results that fell short of analyst expectations, leading to a notable decline in its stock. The company disclosed a net loss of $15.3 million, or -$0.27 per share, which was significantly wider than the anticipated loss of -$0.09 per share. Revenue for the quarter dropped 11% year-over-year to $147.4 million, missing the consensus estimate of $151.01 million. CarParts.com attributed the decline in sales to soft consumer demand, inclement weather, and pressures in the lighting and mirrors segment. Gross margin decreased by 30 basis points to 32.1% due to increased outbound freight costs. The company reported an adjusted EBITDA of -$6.2 million, a decline from $1.1 million in the previous year. Despite these challenges, CarParts.com noted that revenues were up double digits year-over-year for the first six weeks of the second quarter. The company is exploring strategic alternatives in response to inbound interest, although no formal guidance has been provided.
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