Forensic Analysis · Retail / Consumer Discretionary · as of Sep 10, 2026
Carparts.Com, Inc. (PRTS)
A forensic read on Carparts.Com, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Distress
Financial health
-4.4
Distress distance
Clean
Earnings quality
4
Forensic signals
-94.3%
ROE
-7.0%
Revenue growth
The financial-health reading above compares this company's equity at BOOK value, not at what the market currently pays for it — this free snapshot doesn't pull live market data. Treat it as a rough read, not the final word.
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Carparts.Com, Inc. earns an F (Poor — capital at risk) forensic quality grade, and its balance-sheet distress test reads -4.4, placing it in the Distress zone (based on book value, not market value, since this free snapshot doesn't pull live market data — treat this zone as a rough read, not the final word). 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-37.3%
FY2026
Return on invested capital.Return on invested capital is -37.3% in the latest fiscal year and slipping from 0.3% — below its ~9% cost of capital. If that gap persists through the cycle, incremental reinvestment reduces rather than creates value per share.
+3.1%/yr
FY2022–FY2026
Share-count dilution.Diluted share count changed +13% over the last 4 years to FY2026 (+3.1%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~3.1% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~12%.
94d
FY2024→FY2026
Inventory days.Days inventory outstanding moved from 84 to 94 FY2024→FY2026 (against cost of goods sold; inventory +5% vs -6% in cost of sales). Inventory is building a little faster than sales — watch for markdowns. FY2024 and FY2026 aren't consecutive filed years here, so FY2026's opening balance can't be taken from FY2024 — both figures are measured on period-end balances rather than the beginning-plus-ending average, which keeps the two endpoints comparable to each other.
1.5% of rev
FY2026
Stock-based comp load.Stock-based compensation ran 1.5% of revenue in FY2026 — about $0.13 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 3.6% a year, and the rate is falling. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
Key fundamentals
Latest Revenue$547.5M
Revenue Growth YoY-7.0%
Revenue CAGR (3yr)-9.9%
Net Margin-9.2%
Free Cash Flow-$42.0M
Return on Equity-94.3%
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Carparts.Com, Inc.'s actual 10-K/10-Q/8-K filings?