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CarParts.com Inc - PRTS STOCK NEWS

Welcome to our dedicated news page for CarParts.com (Ticker: PRTS), a resource for investors and traders seeking the latest updates and insights on CarParts.com.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CarParts.com's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CarParts.com's position in the market.

Rhea-AI Summary
CarParts.com, Inc. (PRTS) schedules a conference call to discuss Q1 2024 financial results with CEO, CFO, and COO hosting. The call will be on May 7, 2024, at 2:00 p.m. PT.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.5%
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Rhea-AI Summary
CarParts.com, Inc. adopts a Tax Benefits Preservation Plan to safeguard Tax Attributes. The Plan includes a dividend declaration and rights issuance to prevent ownership changes affecting tax benefits. The rights are not currently exercisable but may lead to significant dilution if triggered. The Plan aims to protect Tax Attributes and will be submitted for stockholder approval at the 2024 annual meeting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.92%
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none
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Rhea-AI Summary
CarParts.com, Inc. (PRTS) reports record fiscal year sales of $676 million, with a 2% increase in net sales and a 16% increase over two years. Despite a net loss of ($8.2) million, the company maintains a strong cash position of $51.0 million and no revolver debt. The fourth quarter saw a 1% increase in net sales to $156.4 million, with a flat gross profit of $51.6 million. The company aims for comparable net sales in 2024 with a gross margin of 30% to 32%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-22.71%
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Rhea-AI Summary
CarParts.com, Inc. (PRTS) will be presenting at the 36th Annual Roth Conference in Dana Point, CA from March 17-19, 2024. The event will feature meetings, fireside chats, and panels with executive management from various sectors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.3%
Tags
conferences
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Rhea-AI Summary
CarParts.com, Inc. (PRTS) will discuss its financial results for Q4 and fiscal year 2023 in a conference call on March 7, 2024. CEO David Meniane, CFO Ryan Lockwood, and COO Michael Huffaker will host the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.23%
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Rhea-AI Summary
CarParts.com, Inc. (PRTS) extends its $30 million stock repurchase plan to July 26, 2026, with approximately $25.2 million available for repurchase. The Company aims to create long-term value for stockholders through share repurchases and future strategic acquisitions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.63%
Tags
buyback
Rhea-AI Summary
CarParts.com (PRTS) launches refreshed content marketing strategy to empower customers. The company aims to enhance the customer experience and save time and money by providing knowledge for DIY repairs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
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none
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Rhea-AI Summary
CarParts.com reports 3rd Quarter sales of $167 million, up 1% YoY. Gross profit decreased 2% to $54.8 million. Net loss was ($2.5) million. Adjusted EBITDA was $3.0 million. Cash balance of $66.7 million and no revolver debt. Completed successful launch of mobile app with over 70,000 downloads and $2 million in revenue.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.52%
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none
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Rhea-AI Summary
CarParts.com, Inc. to hold conference call on October 30, 2023 to discuss Q3 financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.27%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.42%
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CarParts.com Inc

Nasdaq:PRTS

PRTS Rankings

PRTS Stock Data

80.37M
48.33M
8.26%
75.9%
4.1%
Automotive Parts and Accessories Stores
Retail Trade
Link
US
Torrance

About PRTS

carparts.com, inc., together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories primarily in the united states and the philippines. it offers collision parts, such as parts for the exterior of an automobile; mirror products; engine parts comprising engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce websites and online marketplaces. the company also sells and delivers auto parts to collision repair shops from its chesapeake, virginia warehouse facility; markets kool-vue products to auto parts wholesale distributors; aftermarket catalytic converters under the evan fischer brand; and serves consumers by operating a retail outlet store in lasalle, illinois. its flagship websites include autopartswarehouse.com, carparts.com, and jcwhitney.com. the company was formerly known as u.s. auto parts network, inc. and changed its