TORRANCE, Calif., Aug. 12, 2025 /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 second quarter ended June 28, 2025. Second Quarter 2025Summary vs. Year-Ago Quarter Management Commentary "We remain fully engaged in our process to explore strategic alternatives to maximize shareholder value and are highly confident that this process is nearing co ...

Wall Street analysts forecast that Advance Auto Parts (AAP) will report quarterly earnings of $0.59 per share in its upcoming release, pointing to a year-over-year decline of 21.3%. It is anticipated that revenues will amount to $1.99 billion, exhibiting a decrease of 25.8% compared to the year-ago quarter. The current level reflects an upward revision of 0.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reapprai ...

Company Overview - CarParts.com, Inc. is a technology-led ecommerce company offering over 1 million quality automotive parts and accessories [3] - The company has been operating for over 25 years and has established itself as a premier destination for drivers seeking repair, maintenance, and upgrade solutions [3] - CarParts.com aims to deliver a seamless, mobile-friendly shopping experience and is committed to exceptional value through its nationwide distribution network and experienced customer service [3] Upcoming Financial Results - CarParts.com will hold a conference call on August 12, 2025, at 2:00 p.m. Pacific Time to discuss its financial results for the second quarter ended June 28, 2025 [1] - The financial results will be reported in a press release prior to the call [1] - The conference call will be hosted live by CEO David Meniane and CFO Ryan Lockwood via an audio webcast [1]

Core Insights - CarParts.com, Inc. reported a decline in net sales of 11% year-over-year, totaling $147.4 million for Q1 2025, down from $166.3 million in Q1 2024, primarily due to soft consumer demand and adverse weather conditions [5][10] - The company experienced a gross profit of $47.3 million, with a gross margin of 32.1%, a decrease of 30 basis points compared to the previous year [6][10] - A net loss of $15.3 million was reported, compared to a net loss of $6.5 million in the same quarter last year, attributed to higher marketing costs and lower gross margins [7][10] Financial Performance - Net sales for Q1 2025 were $147.4 million, down from $166.3 million in Q1 2024 [5][21] - Gross profit decreased to $47.3 million from $53.9 million, with a gross margin of 32.1% compared to 32.4% in the prior year [6][21] - Total operating expenses rose to $62.5 million from $60.4 million, leading to an operating expense percentage of 42.4% of net sales, up from 36.3% [7][21] - Adjusted EBITDA was reported at ($6.2) million, a significant decline from $1.1 million in the previous year [8][21] Management Commentary - Management emphasized the need to upgrade the customer base to target higher-income, less price-sensitive customers and diversify acquisition strategies [3] - The CEO noted that early Q2 results showed double-digit revenue growth year-over-year, despite lower marketing spend, indicating a positive trend in repeat customers and mobile app traffic [4] Strategic Outlook - The company is currently evaluating various strategic alternatives and is not providing guidance for 2025 [9] - The focus remains on enhancing customer lifetime value through the mobile app and increasing high-margin fee income [3][4] Cash Position - As of March 29, 2025, the company had a cash balance of $38.5 million, an increase from $36.4 million at the end of the previous fiscal year [8][10]

Company Overview - CarParts.com, Inc. is a technology-driven eCommerce company that offers over 1 million high-quality automotive parts and accessories [3] - The company has been operating for over 25 years and has established itself as a premier destination for drivers seeking repair and maintenance solutions [3] - CarParts.com focuses on customer satisfaction and affordability, simplifying the automotive repair process through a user-friendly website and app [3] Upcoming Financial Results - CarParts.com will hold a conference call on May 13, 2025, at 2:00 p.m. Pacific Time to discuss its financial results for the first quarter ended March 29, 2025 [1] - The financial results will be reported in a press release prior to the call [1] - CEO David Meniane and CFO Ryan Lockwood will host the conference call, which will include a question and answer period [2] Accessing the Conference Call - Participants can pre-register for the conference call using a provided link, and will receive a confirmation email with dial-in details [2] - The live webcast of the event can be accessed on the company's investor relations page [2] - A replay of the webcast will be archived on the company's website for future access [2] Company Mission - CarParts.com is united by a vision of empowering drivers along their journey [4] - The company is headquartered in Torrance, California [4]

Core Viewpoint - CarParts.com is exploring strategic alternatives, including a potential sale, after receiving inbound inquiries, with no set timeline for completion and no certainty of a strategic change [1][2] Company Performance - In the third quarter, CarParts.com reported a 13% decline in net sales year-over-year, totaling $144.8 million, alongside a net loss of $10 million [3] - The sales decrease was attributed to deliberate price increases aimed at higher value customers, gross margin expansion, and challenges in the consumer environment, as well as one-time impacts from external events [4] Strategic Initiatives - The company has invested significantly in building a vertically integrated supply chain and a nationwide fulfillment network to enhance its eCommerce experience and mobile app [3] - CarParts.com is undergoing a re-platforming process to improve performance and reduce development cycles, with expectations to capitalize on opportunities in the $400 billion auto parts market [5] User Engagement - The cumulative downloads of CarParts.com's mobile app have more than doubled to over 550,000 at the beginning of the year, indicating growing user engagement despite sales challenges [4]

Core Viewpoint - CarParts.com is exploring strategic alternatives to maximize shareholder value, including a potential sale of the company, in response to inbound inquiries [1][2] Company Overview - CarParts.com is a technology-driven eCommerce company offering over 1 million high-quality automotive parts and accessories, operating for over 25 years [3] - The company has established itself as a premier destination for drivers seeking repair and maintenance solutions, emphasizing customer satisfaction and affordability [3] - CarParts.com operates a robust fulfillment network to ensure swift delivery of parts from leading brands across the nation [3] Strategic Initiatives - The Board of Directors has engaged Craig-Hallum Capital Group LLC as its financial advisor and Wilson Sonsini Goodrich & Rosati as its legal counsel to support the exploration of strategic alternatives [1] - CEO David Meniane highlighted significant investments made over the last 5 years in building a vertically integrated supply chain and a nationwide fulfillment network [2] - The company has not set a timeline for the completion of the exploration process and does not intend to provide updates unless definitive agreements are reached [2]

Company Overview - CarParts.com, Inc. is a technology-driven eCommerce company that offers over 1 million high-quality automotive parts and accessories [4] - The company has been operating for over 25 years and has established itself as a premier destination for drivers seeking repair and maintenance solutions [4] - CarParts.com focuses on customer satisfaction and affordability, simplifying the automotive repair process [4] Upcoming Financial Results - CarParts.com will hold a conference call on March 25, 2025, at 2:00 p.m. Pacific Time to discuss its financial results for the fourth quarter and fiscal year ended December 28, 2024 [1] - The financial results will be reported in a press release prior to the call [1] - The conference call will be hosted by CEO David Meniane, CFO Ryan Lockwood, and COO Michael Huffaker, followed by a question and answer period [2] Accessing the Conference Call - Participants can pre-register for the conference call using a provided link and will receive a confirmation email with dial-in details [2] - The live webcast of the event can be accessed on the company's investor relations website [2] - A replay of the webcast will be archived on the company's website for future access [3]