CarParts.com, Inc. Common Stock (PRTS)
CarParts.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
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.
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.
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