CarParts.com, Inc.

PRTS

Consumer CyclicalSpecialty RetailNASDAQ

$0.79

Market Cap: $55.72M

CarParts.com, Inc. (PRTS) Valuation Summary

Updated Apr 20, 2026 22:16

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$0.04 – $37.59	$4.65	+405.6%
Revenue DCF 10Y	$2.25 – $32.78	$4.11	+346.4%
▸ Trading Multiples
EV/Revenue	$3.69 – $6.47	$4.38	+375.9%

Valuation History

DCF Analysis

CarParts.com, Inc. (PRTS) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$4.11

Market Price

$0.79

Upside / Downside

+419.9%

Verdict

Undervalued

Using a Revenue DCF model with operating margin convergence from -8.3% to a target of 7.7% over 5 years, discounted at a WACC of 6.5%, CarParts.com, Inc. (PRTS) has an intrinsic value of $4.11 per share (range: $2.25 – $32.78).

Key Assumptions

Current Operating Margin

-8.3%

Target Operating Margin

7.7%

WACC

6.5%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

2.1%

Target CapEx/Rev

6.0%

D&A/Revenue

2.7%

Tax Rate

21.0%

Operating margin fades linearly from the current level to the industry target over the 5-year projection. CapEx intensity fades from the historical average to a maintenance level (D&A × 1.5). Tax is only applied when operating income is positive (NOL shield).

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	546	-0.3%	-5.1%	-28	-28	15	(14)	-1	-25	-25
2027	514	-5.8%	-1.9%	-10	-10	14	(15)	-3	-8	-7
2028	541	5.3%	1.3%	7	6	14	(18)	3	-1	-0
2029	533	-1.5%	4.5%	24	19	14	(20)	-1	14	12
2030	525	-1.5%	7.7%	40	32	14	(21)	-1	25	19
2031	521	-0.8%	7.7%	40	32	14	(23)	-0	23	16
2032	521	-0.0%	7.7%	40	32	14	(25)	-0	20	14
2033	525	0.7%	7.7%	40	32	14	(27)	0	18	11
2034	532	1.5%	7.7%	41	32	14	(30)	1	16	9
2035	544	2.2%	7.7%	42	33	14	(33)	1	14	8

Enterprise Value Bridge

Sum of PV(FCFF)57

Terminal Value (Gordon Growth at 3.0%)406

PV of Terminal Value223

Enterprise Value280

(–) Net Debt29

Equity Value251

(÷) Shares Outstanding61

Fair Value per Share$4.11

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
4.5%	$-2	$-0	$11	$22	$33
5.5%	$-2	$-0	$6	$13	$19
6.5%	$-2	$-1	$4	$9	$13
7.5%	$-2	$-1	$3	$7	$10
8.5%	$-2	$-1	$2	$5	$8

Current price: $0.79. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 10.2% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

CarParts.com, Inc. (PRTS) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$4.65

Market Price

$0.79

Upside / Downside

+488.2%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-8.3%

Target Operating Margin

7.7%

WACC

6.5%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

2.1%

Target CapEx/Rev

6.0%

D&A/Revenue

2.7%

Tax Rate

21.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	546	-0.3%	-5.1%	-28	-28	15	(16)	-1	-27	-27
2027	514	-5.8%	-1.9%	-10	-10	14	(19)	-3	-12	-11
2028	541	5.3%	1.3%	7	6	14	(24)	3	-7	-6
2029	533	-1.5%	4.5%	24	19	14	(28)	-1	6	5
2030	525	-1.5%	7.7%	40	32	14	(31)	-1	15	11

Enterprise Value Bridge

Sum of PV(FCFF)-27

Terminal Value (Gordon Growth at 3.0%)451

PV of Terminal Value340

Enterprise Value313

(–) Net Debt29

Equity Value285

(÷) Shares Outstanding61

Fair Value per Share$4.65

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
4.5%	$-2	$1	$13	$25	$38
5.5%	$-2	$0	$7	$14	$22
6.5%	$-2	$-0	$5	$10	$15
7.5%	$-2	$-1	$3	$7	$11
8.5%	$-2	$-1	$2	$5	$9

Current price: $0.79. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 10.2% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$4.38

Market Price

$0.79

Upside / Downside

+453.8%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), CarParts.com, Inc. (PRTS) has a fair value of $4.38 based on 7 comparable companies in the Specialty Retail industry.

EV/Revenue Valuation — Specialty Retail

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
CarParts.com, Inc.PRTS	48	0.1x	0.1x
Tilly's, Inc.TLYS	162	0.5x	0.5x
Vince Holding Corp.VNCE	60	0.6x	0.5x
LightInTheBox Holding Co., Ltd.LITB	22	0.0x	0.0x
The Brand House Collective, Inc.TBHC	21	0.5x	0.4x
Leslie's, Inc.LESL	16	0.8x	0.7x
Foresight Autonomous Holdings Ltd.FRSX	10	14.0x	7.5x
QVC Group Inc.QVCGA	4	0.5x	0.4x
Industry Median		0.5x	0.5x
(*) Revenue		548	667
= Enterprise Value		283	310
(-) Net Debt		29	29
Equity Value		254	281
(/) Outstanding shares		61	61
Fair Price		$4	$5

Selected Fair Value (avg of trailing + forward)

$4.38

+453.8%

Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.

Model

Range

Fair Value

Upside

▸ Discounted Cash Flow

Revenue DCF 5Y

$0.04 – $37.59

$4.65

+405.6%

Revenue DCF 10Y

$2.25 – $32.78

$4.11

+346.4%

▸ Trading Multiples

EV/Revenue

$3.69 – $6.47

$4.38

+375.9%

DCF Analysis

CarParts.com, Inc. (PRTS) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$4.11

Market Price

$0.79

Upside / Downside

+419.9%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-8.3%

Target Operating Margin

7.7%

WACC

6.5%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

2.1%

Target CapEx/Rev

6.0%

D&A/Revenue

2.7%

Tax Rate

21.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	546	-0.3%	-5.1%	-28	-28	15	(14)	-1	-25	-25
2027	514	-5.8%	-1.9%	-10	-10	14	(15)	-3	-8	-7
2028	541	5.3%	1.3%	7	6	14	(18)	3	-1	-0
2029	533	-1.5%	4.5%	24	19	14	(20)	-1	14	12
2030	525	-1.5%	7.7%	40	32	14	(21)	-1	25	19
2031	521	-0.8%	7.7%	40	32	14	(23)	-0	23	16
2032	521	-0.0%	7.7%	40	32	14	(25)	-0	20	14
2033	525	0.7%	7.7%	40	32	14	(27)	0	18	11
2034	532	1.5%	7.7%	41	32	14	(30)	1	16	9
2035	544	2.2%	7.7%	42	33	14	(33)	1	14	8

Enterprise Value Bridge

Sum of PV(FCFF)57

Terminal Value (Gordon Growth at 3.0%)406

PV of Terminal Value223

Enterprise Value280

(–) Net Debt29

Equity Value251

(÷) Shares Outstanding61

Fair Value per Share$4.11

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
4.5%	$-2	$-0	$11	$22	$33
5.5%	$-2	$-0	$6	$13	$19
6.5%	$-2	$-1	$4	$9	$13
7.5%	$-2	$-1	$3	$7	$10
8.5%	$-2	$-1	$2	$5	$8

Current price: $0.79. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 10.2% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$4.38

Market Price

$0.79

Upside / Downside

+453.8%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), CarParts.com, Inc. (PRTS) has a fair value of $4.38 based on 7 comparable companies in the Specialty Retail industry.

EV/Revenue Valuation — Specialty Retail

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
CarParts.com, Inc.PRTS	48	0.1x	0.1x
Tilly's, Inc.TLYS	162	0.5x	0.5x
Vince Holding Corp.VNCE	60	0.6x	0.5x
LightInTheBox Holding Co., Ltd.LITB	22	0.0x	0.0x
The Brand House Collective, Inc.TBHC	21	0.5x	0.4x
Leslie's, Inc.LESL	16	0.8x	0.7x
Foresight Autonomous Holdings Ltd.FRSX	10	14.0x	7.5x
QVC Group Inc.QVCGA	4	0.5x	0.4x
Industry Median		0.5x	0.5x
(*) Revenue		548	667
= Enterprise Value		283	310
(-) Net Debt		29	29
Equity Value		254	281
(/) Outstanding shares		61	61
Fair Price		$4	$5

Selected Fair Value (avg of trailing + forward)

$4.38

+453.8%