CarParts.com, Inc.

CarParts.com, Inc. operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. Its products include Collision Parts, Engine Parts, Performance Parts and Accessories. The firm also sells auto parts to collision repair shops, markets Kool-Vue products to auto parts wholesale distributor, and aftermarket catalytic converters under the Evan Fischer brand. Its flagship Websites include www.carparts.com, www.jcwhitney.com, www.autopartswarehouse.com and www.usautoparts.com. The company was founded by Sol Khazani and Mehran Nia in 1995 and is headquartered in Carson, CA.

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CarParts.com reports record revenues and eyes growth opportunities in 2023

CarParts.com delivered strong financial performance with record revenues and continued growth momentum. The company's focus on customer service, operational excellence, and innovation positions it well for future success.
While facing challenges such as weather fluctuations and market competition, CarParts.com maintains a strong financial position and a clear growth strategy. Opportunities for expansion and improvement exist through strategic initiatives and leveraging key strengths.
Overall, CarParts.com's Q4 2022 earnings call highlights its resilience, strategic focus, and potential for sustained growth in 2023 and beyond.

CarParts.com reports robust Q1 earnings, eyes growth opportunities ahead

CarParts.com continues its growth trajectory with strong financial performance and a focus on customer service. While cautious about the consumer environment, the company is investing in key areas for future growth and profitability.

CarParts.com (PRTS) reports strong Q2 performance and growth strategies

CarParts.com (PRTS) delivered a strong Q2 performance with consistent year-over-year growth and strategic initiatives in place for future growth. The company's focus on customer-centricity, efficiency enhancements, and innovation positions it well for success.
While facing challenges from consumer trends and economic uncertainties, CarParts.com remains confident in achieving revenue growth and maintaining operational efficiency. Opportunities lie in capitalizing on pent-up demand, enhancing customer experience, and leveraging AI and automation.
Overall, CarParts.com's Q2 earnings call highlights a resilient performance, strategic focus on growth drivers, and proactive measures to navigate challenges and seize opportunities in the market.

CarParts.com reports 15th consecutive growth quarter, focuses on customer engagement

CarParts.com's Q3 performance showcased consistent revenue growth, strategic priorities, and improvements in customer experience and supply chain. While facing challenges in profitability and net loss, the company's strengths in customer relationships, innovation, and disciplined capital allocation position it well for future success.
By addressing operational efficiency, optimizing profitability, and driving sustainable growth, CarParts.com can overcome challenges and capitalize on opportunities in e-commerce, digital transformation, and market differentiation. Maintaining a focus on financial discipline and shareholder value will be crucial for long-term success.

CarParts.com reports record sales in Q4 2023 amidst margin challenges

CarParts.com (PRTS) delivered robust sales performance in Q4 2023, achieving record-breaking annual sales of $676 million. Despite challenges, the company remains focused on strategic growth drivers and cost efficiency.
While facing margin pressures and modest revenue growth expectations for 2024, CarParts.com is proactively addressing these challenges through cost reduction measures and targeted investments in key areas.
With a strong emphasis on enhancing the customer experience and expanding product offerings, CarParts.com aims to sustain its growth trajectory and strengthen its market position in the competitive e-commerce landscape.

CarParts.com (PRTS) addresses challenges, focuses on growth and profitability

CarParts.com (PRTS) faced challenges in Q1 but is actively working on improving profitability and operational efficiency.
Strategic priorities include a digital-first approach, product expansion, and cost-saving initiatives to drive long-term value.
Revised revenue guidance and margin targets indicate a focus on growth and profitability amidst competitive pressures.
Efforts to optimize logistics and supply chain management are crucial for enhancing customer experience and operational efficiency.

CarParts.com reports Q2 revenue decline, focuses on sustainable growth

CarParts.com focused on financial discipline and efficiency to drive sustainable growth in Q2.
Despite revenue decline and losses, the company made progress in optimizing operations and marketing.
Challenges include revenue decline and profitability targets, with opportunities in margin improvement and strategic initiatives.
Overall, CarParts.com aims for sustainable growth and profitability through operational enhancements and margin focus.

CarParts.com reports Q3 challenges, focuses on margin improvement

CarParts.com focused on margin improvement and efficiency amidst challenges from hurricanes and a tough consumer environment.
Revenue declined in Q3, but gross margin improved, and the company aims to capitalize on opportunities in the auto parts market.
Efforts to manage costs, optimize logistics, and drive revenue growth position CarParts.com for sustainable growth and profitability.

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David Meniane, the COO and CFO of CarParts.com Inc (NASDAQ: PRTS), described the company as an online retailer selling tools and parts that help get customers back on the road Tuesday on Benzinga's YouTube show "Power Hour." The company has been around for 25 years, Meniane said, adding that it has 2,000 employees.

EXCLUSIVE: CarParts.com COO On Company's History, Market Opportunity, Earnings

CarParts.com, Inc. (PRTS) CEO Lev Peker on Q1 2021 Results - Earnings Call Transcript

U.S. Auto Parts (PRTS) delivered earnings and revenue surprises of -100.00% and 17.14%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

U.S. Auto Parts (PRTS) Reports Q1 Loss, Tops Revenue Estimates

TORRANCE, Calif., May 10, 2021 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS), one of the leading e-commerce providers of automotive parts and accessories, is reporting results for the first quarter ended April 3, 2021.

CarParts.com Reports Record First Quarter 2021 Results

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TORRANCE, Calif., May 4, 2021 /PRNewswire/ -- CarParts.com was named the winner of two Gold Stevie® Awards in the categories for Achievement in Finance and Achievement in Organizational recovery in The 19th Annual American Business Awards®.

CarParts.com Honored As Gold Stevie® Award Winner In 2021 American Business Awards®

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TORRANCE, Calif., April 12, 2021 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS) will hold a conference call on Monday, May 10, 2021 to discuss its financial results for the first quarter ended April 3, 2021.

CarParts.com Sets First Quarter 2021 Conference Call for Monday, May 10, 2021 at 5:00 p.m. ET

TORRANCE, Calif., April 6, 2021 /PRNewswire/ -- CarParts.com, (NASDAQ: PRTS) a leading e-commerce auto parts company dedicated to getting drivers back on the road, today announces that it has appointed Henry Maier to its board of directors.

Henry Maier, President & CEO of FedEx Ground, Joins CarParts.com Board

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E-commerce auto parts company CarParts.Com Inc (NASDAQ: PRTS) inked an agreement to acquire the complete Precise Fuel Delivery Systems inventory from an automotive aftermarket supplier, Premium Guard, for cash. The financial terms of the transaction were not disclosed.

CarParts.com To Acquire Precise Fuel Pumps To Accelerate Auto Parts Market Growth

TORRANCE, Calif.--(BUSINESS WIRE)--CarParts.com, Inc. (NASDAQ: PRTS), a leading e-commerce auto parts company, today announced it has entered into a definitive asset purchase agreement to acquire all Precise Fuel Delivery Systems (“Precise”) inventory from Premium Guard, a leading global automotive aftermarket supplier. With this acquisition, CarParts.com and Precise will help more drivers get back on the road quickly. “This asset acquisition is a logical step in our mission of ‘Right Part, Rig

CarParts.com Signs Definitive Agreement to Acquire Precise Fuel Pumps from Premium Guard

CarParts.com is an online retailer enjoying rapid growth after years of stagnation. The company is now well-positioned against incumbents who have fat profit margins and little online sales.

CarParts.com Could Be The Next Chewy

TORRANCE, Calif., March 12, 2021 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS), one of the leading e-commerce providers of automotive parts and accessories, is scheduled for a fireside chat presentation on Monday, March 15 th, 2021 at 10:00 a.m.

CarParts.com to Present at the 33rd Annual Roth Conference

The auto parts e-commerce company is accelerating into 2021.

Why CarParts.com Is Set to Beat the Market Again This Year

CarParts.com, Inc., an eCommerce automotive company, reported as part of its financial results that net sales jumped 90 percent year over year in the fourth quarter of 2020, which included an extra week, from the year-ago quarter, according to a press release. “The significant investments we made in 2019 laid the foundation for the success we experienced in 2020,” […]

CarParts.com Reports 90 Pct Rise In Quarterly Sales

CarParts.com, Inc. (PRTS) CEO Lev Peker on Q4 2020 Results - Earnings Call Transcript

TORRANCE, Calif., March 8, 2021 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS), one of the leading e-commerce providers of automotive parts and accessories, is reporting results for the fourth quarter and fiscal year ended January 2, 2021. Fourth Quarter 2020 Summary vs. Year-Ago...

CarParts.com Reports Record Fourth Quarter and Full Year 2020 Results

U.S. Auto Parts (PRTS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

U.S. Auto Parts (PRTS) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

GRAND PRAIRIE, Texas--(BUSINESS WIRE)--With the people of Texas facing mass power outages, freezing temperatures, and life-threatening conditions, CarParts.com, Inc. (NASDAQ: PRTS) ("CarParts.com") announced today that it would donate one percent of revenue generated through the CarParts.com website today, through the end of February to relief and recovery efforts in the state. Understanding the urgent need, CarParts.com has already advanced $100,000 to Feeding Texas for immediate relief and wi

CarParts.com to Donate One Percent of Revenue Through February to Texas Recovery Efforts, Advancing $100,000 for Immediate Relief

MOORESVILLE, N.C.--(BUSINESS WIRE)--The celebration of Michael McDowell's Daytona 500 win continues today with CarParts.com (NASDAQ: PRTS) announcing their continued partnership with McDowell and Front Row Motorsports (FRM). CarParts.com now becomes an integral part of the team and McDowell's 2021 season, including full season associate branding and primary partner sponsorship at four races. CarParts.com will be the primary scheme on the No. 34 Ford Mustang beginning at the Watkins Glen road co

CarParts.com Returns as Major Partner with Front Row Motorsports

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TORRANCE, Calif., Feb. 8, 2021 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS) will hold a conference call on Monday, March 8, 2021 to discuss its financial results for the fourth quarter ended January 2, 2021. The results will be reported in a press release prior to the call....

CarParts.com Sets Fourth Quarter 2020 Conference Call for Monday, March 8, 2021 at 5:00 p.m. ET

GRAND PRAIRIE, Texas--(BUSINESS WIRE)--CarParts.com, Inc. (NASDAQ: PRTS) ("CarParts.com") announced today that its 210,000 square foot distribution center in Grand Prairie, Texas is now shipping and has hired its 200th person to help meet customer demand. The facility, which features the latest warehouse technology, has already shipped over 100,000 packages spanning across gas, hybrid, and electric vehicles, ramping up for a busy 2021. The distribution center, which only began operations in Q4,

News for CarParts.com, Inc. Stock (PRTS)