Company Overview - CarParts com Inc is a technology-driven eCommerce company offering over 1 million high-quality automotive parts and accessories [3] - The company has been operating for over 25 years and is headquartered in Torrance California [3][4] - CarParts com aims to simplify the automotive repair process with a focus on affordability and customer satisfaction [3] CarParts+ Membership Program - CarParts+ is a flagship membership program launched by CarParts com designed to enhance the online shopping experience for automotive parts and maintenance [5] - The membership costs $79 per year and offers benefits such as 24/7 roadside assistance free shipping on over 500 000 eligible items extended 60-day returns and VIP customer service [5][6] - Roadside assistance includes services like a 15-mile tow battery boosts tire changes lockout assistance and fuel delivery [6] Customer-Centric Approach - CarParts com emphasizes a strong focus on customer needs with a commitment to continuous innovation [1] - The company provides tools and support to help customers maintain their vehicles smoothly including extended returns and 24/7 roadside assistance [1] - The mobile-friendly website and app along with a robust fulfillment network ensure swift delivery of top-quality parts [3]

Core Insights - CarParts.com has partnered with SimpleTire to expand into the tire market, offering over 300 tire brands and a catalog of 55 million tires, enhancing its one-stop-shop experience for vehicle owners in North America [1][2][3]. Company Overview - CarParts.com is a technology-driven eCommerce company that has been operating for over 25 years, providing over 1 million high-quality automotive parts and accessories [6]. - The company is headquartered in Torrance, California, and focuses on customer satisfaction through a user-friendly website and app [6][7]. Partnership Details - The partnership with SimpleTire allows CarParts.com to leverage SimpleTire's extensive network of 10,000 installers, making tire shopping more efficient for customers [4]. - SimpleTire offers a diverse range of tire brands, including Pirelli, Yokohama, Continental, Hankook, and Nexen, ensuring customers can find suitable tires for various vehicles and performance needs [3]. Customer Experience - Customers can search for tires by vehicle type, size, or performance category, and benefit from fast, free shipping on most orders and a 30-day return policy for unmounted tires [4]. - The partnership aims to provide a comprehensive and hassle-free automotive shopping experience, reinforcing CarParts.com's commitment to convenience, quality, and value [5].

TORRANCE, Calif., Oct. 29, 2024 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS), a leading eCommerce provider of automotive parts and accessories, and a premier destination for vehicle repair and maintenance needs, is reporting results for the third quarter ended September 28, 2024. Third Quarter 2024Summary vs. Year-Ago Quarter Net sales decreased to $144.8 million, down 13% from the year-ago quarter. Gross profit of $51.0 million vs. $54.8 million. Gross margin of 35.2%, up from 32.9% from the year-ago ...

TORRANCE, Calif., Oct. 8, 2024 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS) will hold a conference call on Tuesday, October 29, 2024 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its financial results for the third quarter ended September 28, 2024. The results will be reported in a press release prior to the call. CarParts.com, Inc. CEO David Meniane, CFO Ryan Lockwood, and COO Michael Huffaker will host the conference call live via an audio webcast, followed by a question and answer pe ...

CarParts.com, Inc. (NASDAQ:PRTS) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET Company Participants Tina Mirfarsi - Senior Vice President of Global Communications & Culture David Meniane - Chief Executive Officer Ryan Lockwood - Chief Financial Officer Michael Huffaker - Chief Operating Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Ryan Meyers - Lake Street Capital Markets. Operator Good afternoon. [Operator Instructions] Please note this call is being recorded. ...

CarParts.com Reports Second Quarter 2024 Results TORRANCE, Calif. – July 30th, 2024 – CarParts.com, Inc. (NASDAQ: PRTS), a leading eCommerce provider of automotive parts and accessories, and a premier destination for vehicle repair and maintenance needs, is reporting results for the second quarter ended June 29, 2024. Second Quarter 2024Summary vs. Year-Ago Quarter ● Net sales decreased to $144.3 million, down 18% from the year-ago quarter. ● Gross profit of $48.4 million vs. $60.4 million, with gross margi ...

Core Insights - CarParts.com, Inc. reported a net sales decrease of 18% year-over-year, totaling $144.3 million in Q2 2024, primarily due to price increases and reduced consumer demand [3][19][21] - The company aims to achieve sustainable growth with a target of 6-8% Adjusted EBITDA margin and improved free cash flow generation in the medium term [3][45] - Adjusted EBITDA for Q2 2024 was ($0.1) million, a significant decline from $6.3 million in the same quarter last year [5][19] Financial Performance - Gross profit for Q2 2024 was $48.4 million, down from $60.4 million, with a gross margin of 33.5%, reflecting a 70 basis point decrease year-over-year but an improvement from 32.4% in Q1 2024 [19][21] - The net loss for the quarter was ($8.7) million, or ($0.15) per share, compared to a net loss of ($0.7) million, or ($0.01) per share in the prior year [19][22] - Total operating expenses decreased to $57.1 million from $61.3 million year-over-year [4] Strategic Outlook - The company is focusing on enhancing gross margins and targeting more profitable customers through updated pricing and marketing strategies [20][45] - For the full year 2024, CarParts.com expects net sales to be in the range of $600 million to $625 million, with a gross margin target of approximately 33% [46] - The CEO expressed confidence in the company's roadmap and opportunities within the $400 billion automotive aftermarket market [45]

Michael Huffaker, CarParts.com Chief Operating Officer, highlighted the significance of the new facility saying, "This building will serve as our West Coast flagship, housing between 80% to 90% of our product assortment. With its advanced technology, it efficiently handles both conveyable and non-conveyable items, enabling faster order fulfillment and shipping." "Our focus has always been on understanding and meeting our customers' needs, and our new Las Vegas fulfillment center is a testament to that," add ...

Core Insights - CarParts.com, Inc. has appointed Christina Thelin as Chief Marketing Officer, who will report directly to CEO David Meniane and oversee various marketing functions [1][2] - Thelin brings over 20 years of marketing experience, having previously served as CMO in the tech industry and worked with Fortune 100 brands such as Google, Procter & Gamble, Visa, and Twitter [2] - The company emphasizes enhancing customer experience, engagement, and brand recognition as part of its growth strategy [2] Company Overview - CarParts.com is a technology-driven eCommerce company that offers over 1 million high-quality automotive parts and accessories, operating for over 25 years [3] - The company focuses on customer satisfaction and affordability, aiming to simplify the automotive repair process through a user-friendly website and app [3] - CarParts.com is headquartered in Torrance, California, and is committed to empowering drivers along their journey [3]

Company Overview - CarParts.com, Inc. is a technology-driven eCommerce company that offers over 1 million high-quality automotive parts and accessories [6] - The company has been operating for over 25 years and has established itself as a premier destination for drivers seeking repair and maintenance solutions [6] - CarParts.com is headquartered in Torrance, California [8] Business Model and Commitment - The company places the customer at the forefront of its operations, evident in its easy-to-use, mobile-friendly website and app [6] - CarParts.com aims to simplify the automotive repair process, eliminating uncertainty and stress associated with vehicle maintenance [6] - The company is committed to affordability and customer satisfaction, ensuring swift delivery of top-quality parts from leading brands across the nation [6] Upcoming Events - CarParts.com will hold a conference call on July 30, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the second quarter ended June 29, 2024 [4] - The results will be reported in a press release prior to the call [4] - The conference call will be hosted by CEO David Meniane, CFO Ryan Lockwood, and COO Michael Huffaker, followed by a question and answer period [5]