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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CarParts.com's (PRTS) CEO Lev Peker on Q2 2021 Results - Earnings Call Transcript

Carparts.com is on track for a record year after a stellar second-quarter performance.

Why This E-Commerce Growth Stock Surged 17.5% on Friday

Shares of CarParts.com Inc (NASDAQ: PRTS) were one of the top winners during Friday's trading session. The company reported a Q2 beta and announced a buyback plan.

Why Are Shares Of CarParts.com Trading Higher Today?

U.S. Auto Parts (PRTS) delivered earnings and revenue surprises of 166.67% and 17.28%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

U.S. Auto Parts (PRTS) Q2 Earnings and Revenues Surpass Estimates

TORRANCE, Calif., Aug. 5, 2021 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS), one of the leading e-commerce providers of automotive parts and accessories, is reporting results for the second quarter ended July 3, 2021.

CarParts.com Reports Record Second Quarter 2021 Results

MOORESVILLE, N.C., Aug. 4, 2021 /PRNewswire/ -- Returning to the No.

CarParts.com Carries McDowell and No. 34 Team into Month of August

NEW YORK, Aug. 4, 2021 /PRNewswire/ -- The Professional Fighters League (PFL), the fastest growing sports league, today launched the PFL $100,000 Perfect Bracket Challenge, presented by CarParts.com. (NASDAQ: PRTS), ahead of the upcoming 2021 Playoffs.

Professional Fighters League Unveils $100k Perfect Bracket Challenge For PFL MMA Playoffs Presented By CarParts.com

CarParts.com is an online auto parts retailer capitalizing on the shift towards e-commerce in the relatively underpenetrated market at only 5.5% of the total market with a rising market share. The company leverages its distribution advantage as an online retailer to reduce product costs by 47% to maintain high customer satisfaction and expansion plans to support its margins.

CarParts.com: Overlooked High-Growth Auto Parts Online Retailer Trading At Only 1.7x P/S

CarParts.com is an online direct-to-consumer business for automotive parts. The company has proved its concept and is now reinvesting profits to expand its business.

CarParts.com: On Cruise Control

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TORRANCE, Calif., July 19, 2021 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS) will hold a conference call on Thursday, August 5, 2021 to discuss its financial results for the second quarter ended July 3, 2021.

CarParts.com Sets Second Quarter 2021 Conference Call for Thursday, August 5, 2021 at 5:00 p.m. ET

Unique Logistics International Inc (OTC: UNQL) has renewed and expanded its existing partnership with CarParts.com Inc (NASDAQ: PRTS). Unique Logistics will continue to provide ocean freight services for CarParts.com, Inc. between Taiwan, China, India, and the Philippines to the United States for the current Transpacific shipping season through Spring of 2022.

Unique Logistics Renews, Expands Partnership With CarParts.Com

NEW YORK, July 15, 2021 /PRNewswire/ -- Unique Logistics International, Inc. (OTCMKTS: UNQL) ("Unique" or the "Company"), a global logistics and freight forwarding company, today announced the renewal and expansion of the Company's existing partnership with CarParts.com, Inc. (NASDAQ: PRTS) ("CarParts.com"). Under the terms of the renewed cooperation, the Company will continue to provide ocean freight services for CarParts.com, Inc. between Taiwan, China, India and the Philippines to the United States for the current Transpacific shipping season, through Spring of 2022.

Unique Logistics International Announces Renewed and Expanded Logistics Partnership with CarParts.com

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JACKSONVILLE, Fla., June 29, 2021 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS) ("CarParts.com") announced plans to open its sixth distribution center in Jacksonville, Fl.

CarParts.com To Open Sixth Distribution Center In Jacksonville, Florida

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CarParts.com Inc's (NASDAQ: PRTS) Grand Prairie, TX distribution center is nearly doubling in size, reaching a length of 366,000 square feet. The expanded warehouse footprint will increase CarParts.com's distribution center network to over 1 million square feet.

CarParts.com Announces Grand Prairie, Texas Distribution Center Expansion

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GRAND PRAIRIE, Texas, June 16, 2021 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS) ("CarParts.com") announced today that its Grand Prairie, TX distribution center is nearly doubling in size with a 156,000 square foot expansion, bringing the facility to a total of 366,000 square feet. The expanded warehouse footprint will increase CarParts.com's total distribution center network to over 1 million square feet and allow the company to add 125 full-time positions to its Grand Prairie location when fully operational in Q1 2022.

CarParts.com To Expand Grand Prairie, Texas Distribution Center, Add 125 New Jobs

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TORRANCE, Calif., May 27, 2021 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS), one of the leading e-commerce providers of automotive parts and accessories, is scheduled to attend the 2021 RBC Capital Markets Global Consumer and Retail Conference being held this year in a virtual format on Thursday, June 3, 2021.

CarParts.com to Present at the 2021 RBC Capital Markets Global Consumer and Retail Conference

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TORRANCE, Calif., May 26, 2021 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS), one of the leading e-commerce providers of automotive parts and accessories, is scheduled to attend the 2021 Citi Consumer Access Conference being held this year in a virtual format on Friday, June 4, 2021.

CarParts.com to Present at the 2021 Citi Consumer Access Conference

TORRANCE, Calif., May 25, 2021 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS), one of the leading e-commerce providers of automotive parts and accessories, is scheduled to attend the 18th Annual Craig-Hallum Institutional Investor Conference being held this year in a virtual format on Wednesday, June 2, 2021.

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