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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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,

CarParts.com's Grand Prairie, Texas Distribution Center Gears Up for 2021

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New York, New York--(Newsfile Corp. - January 28, 2021) - Levi & Korsinsky, LLP, a national securities law firm that has recovered hundreds of millions of dollars for investors, announces that it has commenced an investigation of Robinhood, Interactive Brokers, and other popular retail trading platforms on behalf of investors of CarParts.com, Inc. (NASDAQ: PRTS) who were harmed as a result of trading bans or forced liquidations involving PRTS shares.On January 28, 2021, customers of...

Levi & Korsinsky LLP, National Class Action Law Firm, Announces Class Action Investigation Against Robinhood and Other Brokers on Behalf of Investors in CarParts.com, Inc. (NASDAQ: PRTS)

PRTS is expanding into the "hard parts" category which has a TAM 5x+ the size of its existing collision business - this will drive continued significant revenue growth. Nearly 45% of shares are sold short - presumably by those that don't understand the enormous next leg(s) of growth for PRTS - which will drive massive upside.

CarParts.com: Completely Misunderstood By Short Sellers - Significant Upside Ahead

Torrance, California-based CarParts.com, Inc. rolled out a centralized shopping location for the electric vehicle (EV), plug-in hybrid and hybrid community, according to an announcement. The automotive parts company said that developing an eCommerce stores for hybrids and EVs is the next large investment in its expansion and commitment to getting drivers onto the road again, […]

CarParts.com Introduces Shopping Hub For EVs, Hybrids

CarParts.com, Inc (NASDAQ: PRTS) shares closed over 48% higher today. What Happened: The California-based company said it's launching a dedicated shopping hub for electric and hybrid vehicles on Tuesday.

Why CarParts.Com Shares Spiked Over 48% Today

Shares of the online car parts seller jumped as it opened an electric vehicle shopping hub.

Why CarParts.com Stock Was Surging Today

CarParts.com (PRTS) stock is revving up higher on Tuesday after announcing a new EV shopping hub for aftermarket auto parts. The post PRTS Stock News: CarParts.com Shares Race Higher on EV Move appeared first on InvestorPlace.

PRTS Stock News: CarParts.com Shares Race Higher on EV Move

TORRANCE, Calif.--(BUSINESS WIRE)--CarParts.com, Inc. (NASDAQ: PRTS) ("CarParts.com") this week launched a new dedicated shopping hub for the hybrid, plug-in hybrid, and electric vehicle (EV) community. The ecommerce retailer is transforming the way drivers shop for auto parts, so naturally, building an online store for EVs and hybrids is the next big investment in the company's growth and commitment to getting drivers back on the road. In recent months, CarParts.com's product offering for EVs

CarParts.com Launches First Electric Vehicle & Hybrid Focused Shopping Hub

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TORRANCE, Calif.--(BUSINESS WIRE)--Auto Care Week, a leading independent news source covering the automotive aftermarket, has named CarParts.com, Inc. (NASDAQ: PRTS) ("CarParts.com") the Top Company for YoY Net Sales Growth in Q3 2020, further demonstrating the company's success in quickly becoming drivers' top choice for finding and buying the right parts needed to get their vehicles back on the road. CarParts.com's Q3 2020 Net Sales increased 69.5% compared to Q3 2019, according to Auto Care

Auto Care Week Names CarParts.com the Top Company For Year-Over-Year Net Sales Growth in Q3 2020

Investors need to pay close attention to CarParts.com (PRTS) stock based on the movements in the options market lately.

Are Options Traders Betting on a Big Move in CarParts.com (PRTS) Stock?

TORRANCE, Calif.--(BUSINESS WIRE)--Website analytics firm SimilarWeb has named CarParts.com, Inc. (NASDAQ: PRTS) ("CarParts.com") the Fastest-Growing Auto Parts Site of 2020, demonstrating how the tech-forward company is quickly becoming the go-to choice for drivers who need the right parts fast, to get their vehicles back on the road. Website traffic to CarParts.com grew 194% percent YOY according to SimilarWeb. This growth rate was substantially higher than key competitors in the automotive a

CarParts.com Named 2020's Fastest-Growing Auto Parts Site in the Automotive Aftermarket by SimilarWeb

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For many more reasons than the obvious strains of the pandemic, it has been an eventful year at CarParts.com. In October, the online supplier of automotive parts and accessories went public, a huge event for any company.

Change Is The Operative Word For CarParts.com CFO

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TORRANCE, Calif.--(BUSINESS WIRE)--Today, CarParts.com, Inc. (NASDAQ: PRTS) ("CarParts.com") announced the release of its all-new and first-ever live shot national advertising campaign, featuring the brand's evolved look and feel. CarParts.com teased the new branding earlier this month with Front Row Motorsports and Michael McDowell ahead of the November 1st NASCAR Cup Series race at Martinsville. “The new brand identity is all about becoming our customers' teammates, to form a community with t

CarParts.com Releases National Ad Campaign and Brand Identity

A new management team seems to be breathing new life into this forgotten online retailer.

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TORRANCE, Calif.--(BUSINESS WIRE)--CarParts.com, Inc. (NASDAQ: PRTS) ("CarParts.com"), announced today Joshua L. Berman informed the Company of his decision to step down from the CarParts.com Board of Directors effective immediately. In addition, the Company also announced earlier today that Dr. Lisa Costa has been appointed to the Board's Class III directors. “On behalf of the entire CarParts.com organization, I would like to thank Josh for his exceptional service and commitment to the company

CarParts.com Announces Changes to Its Board of Directors

CarParts.com (PRTS) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

CarParts.com (PRTS) Jumps: Stock Rises 6.1%

TORRANCE, Calif.--(BUSINESS WIRE)--CarParts.com, Inc. (NASDAQ: PRTS) ("CarParts.com"), announced today that Dr. Lisa Costa, Chief Information Officer of the U.S. Military's Special Operations Command (USSOCOM), joins the CarParts.com Board of Directors. As a leading cybersecurity and data analytics experts, she will provide valuable guidance and insights into how both the company and its customers can stay ahead of online threats while utilizing information to better serve customers. “We are ho

Dr. Lisa Costa, Chief Information Officer at U.S. Special Operations Command and Advisor to Fortune 500 Companies, Joins CarParts.com Board of Directors

CarParts.com (PRTS) delivered earnings and revenue surprises of 200.00% and 32.63%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

CarParts.com (PRTS) Beats Q3 Earnings and Revenue Estimates (Revised)

Shares of the online auto parts seller fell for the second day in a row after the company reported earnings.

Why CarParts.com Stock Was Slipping Again Today

CarParts.com, Inc. (PRTS) CEO Lev Peker on Q3 2020 Results - Earnings Call Transcript

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