CARPARTS.COM, INC.

PRTS · Consumer Discretionary · $370M mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat
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The five investor questions

22

2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $582M to $548M, decreasing; diluted EPS -0.20 to -0.82, decreasing.

52

Median gross margin 33.1% over 10y, stable.

7

Median ROIC -10.0%, above the 12% hurdle in 20% of years.

28

Net debt/EBITDA n/ax, interest coverage -29x.

24

Owner earnings changed trend unclear over up to the ten most recent annual observations.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
No price data
Not reported
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$5.28
No price data

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

18 years of fundamentals

The business, in plain English

CARPARTS.COM, INC. booked $548M of revenue in FY2025 in the Consumer Discretionary sector and kept 32.8% of it as gross profit — a moderate-margin business by that measure. After every other cost, −9.2% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $176M (FY2009) to $548M (FY2025) — about 7.3% a year compounded over 16 years.

It earned −139.6% on invested capital in the latest filed year, FY2025. Across the full 17-year measurable filed record, median ROIC was −10.8%. Over the v3 recent window (10 measurable filed years), median ROIC was −10.0%. The Returns on Capital filter above scores it 7/100.

PRTS's latest filed year, FY2025, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

Put together: Pricing Power is the strongest of the five filters (52/100) and Returns on Capital the weakest (7/100), which is how PRTS lands at 27/100 — a None moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2008–FY2025 · 18 fiscal years, normalized from PRTS’s SEC filings

Sales, as filed$548M FY2025
$0$250M$500M2008201420202025
Revenue kept after cost of goods32.8% FY2025
0%20%2008201420202025
Standard ROIC or separately labeled Operating ROICROIC −139.6% FY2025
−100%0%2008201420202025
Cash an owner could take out−$37.8M FY2025
$02008201420202025

Gaps in a line mean that item isn’t in PRTS’s filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How CARPARTS.COM, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$548M · 100%Cost of revenue$368M · 67%Gross profit$179M · 33%Operating income−$48.9M · −9%Income before tax−$50.1M · −9%Income tax$362000 · 0%Net income−$50.4M · −9%As of 2026-01-03 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$548M100%
Cost of revenue$368M67%
$179M33%
−$48.9M−9%
Income before tax−$50.1M−9%
Income tax$3620000%
−$50.4M−9%
Source: · event Jan 3, 2026 · retrieved Jul 26, 2026 · annual-row source set
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Flagship explainer

What CARPARTS.COM, INC. owns — and owes

CARPARTS.COM, INC.'s filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$185M100%
Cash and equivalents$25.8M14%
Stockholders’ equity$53.5M29%
Source: · event Jan 3, 2026 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What drives CARPARTS.COM, INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity−73%Tax burden101%net income ÷ pretax incomeInterest burden102%pretax ÷ operating incomeOperating margin−9%operating income ÷ revenueAsset turnover2.77×revenue ÷ average assetsEquity multiplier2.85×average assets ÷ average equityAs of 2026-01-03 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$50.4MFY2025
Income before tax−$50.1MFY2025
Operating income−$48.9MFY2025
$548MFY2025
Ending assets$185MFY2025
Beginning assets$211MFY2024
$53.5MFY2025
$85.2MFY2024
Source: · event Jan 3, 2026 · retrieved Jul 26, 2026 · annual-row source set
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Flagship explainer

Where CARPARTS.COM, INC.'s cash went

CARPARTS.COM, INC.’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations−$34.1M−100%
Depreciation and amortization$20.6M61%
Source: · event Jan 3, 2026 · retrieved Jul 26, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding CARPARTS.COM, INC.

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

0 holding0 exited1 not holding1/19 resolved18 unavailable

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Markel / Markel-GaynerNo position reportedNo position reported
Abrams CapitalUnavailableComparison unavailableFiling unavailable
Akre CapitalUnavailableComparison unavailableFiling unavailable
Baupost GroupUnavailableComparison unavailableFiling unavailable
Berkshire HathawayUnavailableComparison unavailableFiling unavailable
Brave Warrior AdvisorsUnavailableComparison unavailableFiling unavailable
Dodge & CoxUnavailableComparison unavailableFiling unavailable
First EagleUnavailableComparison unavailableFiling unavailable
FundsmithUnavailableComparison unavailableFiling unavailable
Gardner Russo & QuinnUnavailableComparison unavailableFiling unavailable
Gates Foundation TrustUnavailableComparison unavailableFiling unavailable
Mairs & PowerUnavailableComparison unavailableFiling unavailable
Oakmark / Harris AssociatesUnavailableComparison unavailableFiling unavailable
Pershing SquareUnavailableComparison unavailableFiling unavailable
Polen CapitalUnavailableComparison unavailableFiling unavailable
Sequoia / Ruane CunniffUnavailableComparison unavailableFiling unavailable
Southeastern Asset ManagementUnavailableComparison unavailableFiling unavailable
Tweedy, BrowneUnavailableComparison unavailableFiling unavailable
Yacktman Asset ManagementUnavailableComparison unavailableFiling unavailable

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: · event Jun 30, 2026 · retrieved Jul 26, 2026

Flagship explainer

What CARPARTS.COM, INC. insiders reported

Records still being gathered — partial as of retrieval Aug 18, 2026.

Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.

Moat Score history

15 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale26.5 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026Jul 26, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.

Records still being gathered — partial as of retrieval Aug 18, 2026.

Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.

No reported Form 4 rows were captured for PRTS; the incomplete walk cannot establish zero activity, zero counts, or a negative cluster result.

A filing source-event date will appear when a Form 4 row is captured.

Retrieved .

Consumer Discretionary context

#427 of 487 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

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  2. #426SDOT Sadot Group Inc.26.6 out of 100, No moatNo moat
  3. #428AMCR AMCOR PLC26.5 out of 100, No moatNo moat
  4. #429TITN TITAN MACHINERY INC.26.2 out of 100, No moatNo moat

Compare PRTS with its nearest peersAll Consumer Discretionary companies on the Index →

Common questions about PRTS

Does CARPARTS.COM, INC. have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores CARPARTS.COM, INC. (PRTS) 26.5 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 22, pricing power 52, returns on capital 7, balance-sheet safety 28, capital allocation 24.
How has PRTS's Moat Score changed over time?
The record logs 15 readings since Jul 17, 2026; the latest reads 26.5 out of 100 (no moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.