09:20 AM EST, 03/05/2025 (MT Newswires) -- CarParts.com ( PRTS ) said Wednesday it is exploring strategic alternatives to maximize shareholder value, including a possible sale of the company.

The company said it has hired Craig-Hallum Capital as financial advisor and Wilson Sonsini Goodrich & Rosati as legal counsel.

CarParts.com ( PRTS ) said it hasn't set a timeline for completion of the process and that there's no assurance that the process will result in any deal or other strategic change.

The company's shares were rising more than 14% in recent premarket activity.