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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Investors turned away from e-commerce stocks.

Why CarParts.com Stock Fell 44% in 2022

Incumbent SVP of HR, Stephanie Urbach, tapped to elevate the company's human resources business TORRANCE, Calif. , Jan. 10, 2023 /PRNewswire/ -- CarParts.com, (NASDAQ: PRTS) a leading e-commerce provider of automotive parts and accessories, and a one-stop shop for vehicle repair and maintenance needs, announces the promotion of Stephanie Urbach, current SVP of HR, to CHRO, effective yesterday, Monday, January 9, 2023.

CarParts.com Continues to Make Investments in Their Employees Appointing New Chief Human Resources Officer

CarParts.com continued to buck the broad-market trend last month.

Why CarParts.com Stock Rose 16% in December

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CarParts.com (PRTS) Is Attractively Priced Despite Fast-paced Momentum

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Omnichannel leader, Michael Huffaker, brings extensive retail and operational experience and profitable business acumen to growing executive team TORRANCE, Calif. , Dec. 5, 2022 /PRNewswire/ -- CarParts.com, (NASDAQ: PRTS) a leading e-commerce provider of automotive parts and accessories, and a one-stop shop for vehicle repair and maintenance needs, announces the hiring of tenured industry leader Michael Huffaker as Chief Operating Officer effective today.

Former Amazon Executive Joins CarParts.com as Chief Operating Officer

A solid bottom-line result and an improving macro environment lifted the stock.

Why CarParts.com Stock Jumped 16% in November

The average of price targets set by Wall Street analysts indicates a potential upside of 114.2% in CarParts.com (PRTS). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does CarParts.com (PRTS) Have the Potential to Rally 114% as Wall Street Analysts Expect?

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CarParts.com has a huge opportunity in front of it.

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The average of price targets set by Wall Street analysts indicates a potential upside of 108.3% in CarParts.com (PRTS). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does CarParts.com (PRTS) Have the Potential to Rally 108% as Wall Street Analysts Expect?

Four straight beats coupled with modest growth and margin expansion should keep this stock running.

Bull Of The Day: CarParts.com (PRTS)

Carparts.Com, Inc. (NASDAQ:PRTS ) Q3 2022 Earnings Conference Call November 9, 2022 5:00 PM ET Company Participants Tina Mirfarsi - VP, Communications and Culture David Meniane - CEO, SVP & Director Ryan Lockwood - CFO Conference Call Participants Thomas Forte - D.A. Davidson & Co. Ryan Meyers - Lake Street Capital Markets Dillon Heslin - ROTH Capital Partners Ryan Sigdahl - Craig-Hallum Operator Good afternoon, and welcome to the CarParts.com Third Quarter 2022 Conference Call.

Carparts.Com, Inc. (PRTS) Q3 2022 Earnings Call Transcript

CarParts.com (PRTS) delivered earnings and revenue surprises of 75% and 0.04%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

CarParts.com (PRTS) Reports Q3 Loss, Misses Revenue Estimates

Record Third Quarter Sales of  $164 . 8 million, up 16 % Year over Year   Gross Profit of $56.1 million, up 19% Year over Year 11th Consecutive Quarter of Double-Digit Year over Year Sales Growth TORRANCE, Calif.

CarParts.com Reports Record Third Quarter 2022 Results

TORRANCE, Calif. , Oct. 19, 2022 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS) will hold a conference call on Wednesday, November 9, 2022 at 2:00 p.m.

CarParts.com Sets Third Quarter 2022 Conference Call for Wednesday, November 9, 2022

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CarParts.com runs an eCommerce business, with over 20 years of accumulated expertise, offering services and products to car owners. What matters to customers and CarParts.com is product selection. If management continues to offer an extensive selection of SKUs, clients will come back.

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CarParts.com (PRTS) Shows Fast-paced Momentum But Is Still a Bargain Stock

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