CarParts.com Considers Sale Among Strategic Alternatives Being Explored

Dow Jones

05 Mar

CarParts-3.27%Post-market

By Denny Jacob

CarParts.com is exploring strategic alternatives that may include a sale of the company in response to inbound strategic inquiries it has received.

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

The online car parts seller hasn't set a timeline for when an exploration of strategic alternatives may be completed and noted there's no guarantee the process will result in any transaction or other strategic change.

Trading was halted at 8:45 a.m. ET ahead of the disclosure. The stock is down 63% over the last year.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

March 05, 2025 09:02 ET (14:02 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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At the same time, we are committed to evaluating a range of strategic alternatives to maximize value for our shareholders,\" said Chief Executive David Meniane. \n\n\n  The online car parts seller hasn't set a timeline for when an exploration of strategic alternatives may be completed and noted there's no guarantee the process will result in any transaction or other strategic change. \n\n\n  Trading was halted at 8:45 a.m. ET ahead of the disclosure. The stock is down 63% over the last year. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 05, 2025 09:02 ET (14:02 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}

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