CarParts.com, Inc. Common Stock
PRTSCarParts.com, Inc. is an online retailer specializing in automotive aftermarket parts, accessories, and tools. Founded to offer a convenient and cost-effective way for consumers and professional repair shops to access a wide range of vehicle parts, the company operates through its e-commerce platform, providing customers with a user-friendly interface, extensive product selection, and nationwide shipping. CarParts.com aims to simplify vehicle maintenance and repair by connecting buyers directly with high-quality parts.
Company News
Lean Solutions Group announced that CarParts.com has selected it to deliver AI-powered business operations for its Manila-based teams under a multi-year agreement. The engagement covers Complex Order Processing, Finance and Accounting, Marketing, and Back Office functions, leveraging Lean Solutions Group's proprietary LeanTek platform. This win m...
CarParts.com reported Q4 2024 results, with revenue down 15% and adjusted EBITDA loss of $6.8 million. The company is focused on expanding its product offering, monetizing website traffic, scaling its B2B business, and growing its mobile app to drive long-term sustainable growth.
CarParts.com reported Q3 2024 results, with revenue slightly up from Q2 but down 13% year-over-year. The company focused on improving gross margins, which increased to 35.2%, and driving efficiencies to boost profitability. However, higher marketing and freight costs led to a net loss for the quarter.
Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 in Las Vegas. The two-day event will feature presentations by senior management of leading automotive and trucking companies, providing investors with insights into the ever-changing dynamics within the automotive industry.
CarParts.com reported Q2 2024 earnings, with revenue down 18% due to price increases to drive margin expansion. The company made progress on gross margin and operational efficiencies, and expects fiscal 2025 and beyond to be stronger as it executes on its transformation strategy.
