Welcome to our dedicated page for Carparts Com news (Ticker: PRTS), a resource for investors and traders seeking the latest updates and insights on Carparts Com stock.
CarParts.com, Inc. (NASDAQ: PRTS) is a technology-led ecommerce company in the automotive aftermarket, and this news page aggregates its latest corporate announcements, earnings updates, and strategic developments. The company sells over 1 million automotive parts and accessories online, focusing on repair, maintenance, and upgrade needs for drivers across its website, mobile app, and marketplace channels.
Visitors to this page can review quarterly earnings press releases, where CarParts.com reports net sales, gross profit, net loss, and Adjusted EBITDA, along with commentary on marketing spend, product mix, and operational efficiency. These releases also explain the company’s use of non-GAAP metrics such as Adjusted EBITDA and provide reconciliations to GAAP results.
The news feed also covers strategic transactions and partnerships, including the 2025 strategic investment from ZongTeng Group, A-Premium, and CDH Investments. Company press releases describe how these partners contribute logistics capabilities, expanded product assortments, and capital, as well as related commercial agreements and governance arrangements.
Governance and leadership updates appear here as well, such as board transitions linked to the strategic investment and executive changes disclosed in Form 8-K filings and accompanying press releases. Investors can also find notices about conference calls for first, second, and third quarter results, including webcast details and replay availability.
For anyone tracking PRTS, this page provides a centralized view of CarParts.com’s operational, financial, and strategic news, from distribution network changes and cost initiatives to membership offerings like CarParts+ and Roadside Assistance. Bookmark this feed to follow how management communicates performance, capital structure decisions, and partnerships that shape the company’s role in online automotive parts retail.
CarParts.com (NASDAQ: PRTS) announced the closing of its public offering of 6.9 million shares of common stock, priced at $13.00 per share, totaling gross proceeds of $63.7 million. The offering included the underwriters' option for an additional 900,000 shares. CarParts.com sold 4.9 million shares while a selling stockholder sold 2 million shares. The proceeds are intended to support the company's growth initiatives. RBC Capital Markets acted as the sole book-runner of the offering.
CarParts.com (NASDAQ: PRTS) announced a public offering of 6 million shares, priced at $13.00 each, aiming for approximately $52 million in gross proceeds. The offering comprises 4 million shares from the company and 2 million from an existing stockholder. Underwriters have a 30-day option to purchase an additional 900,000 shares. The proceeds will support general corporate purposes, including working capital. The offering is expected to close around August 18, 2020, subject to customary conditions. RBC Capital Markets leads the underwriting team.
CarParts.com, Inc. (NASDAQ: PRTS) has announced a public offering of 3 million shares of its common stock, along with an additional 2 million shares to be sold by a selling shareholder. The underwriters have a 30-day option to purchase up to 750,000 additional shares. The proceeds will be used for general corporate purposes, including working capital. RBC Capital Markets is the sole book-runner for this offering, which is pursuant to an effective shelf registration statement. The company will not receive proceeds from the selling shareholder's shares.
CarParts.com reported a 61% increase in Q2 2020 net sales, reaching a record $118.9 million, up from $73.7 million a year prior. Gross profit surged 88% to $40.8 million, with a gross margin expansion of 480 basis points to 34.3%. The company achieved a net income of $1.6 million, a significant turnaround from a net loss of $(1.5) million last year. Adjusted EBITDA increased 4x to $5.6 million. The firm also announced a rebranding to streamline its operations and enhance market presence.
CarParts.com, Inc. (NASDAQ: PRTS) announces a conference call scheduled for August 10, 2020, at 5:00 p.m. ET to discuss its second-quarter financial results for the period ending on June 27, 2020. The call will feature CEO Lev Peker and CFO/COO David Meniane, followed by a Q&A session. The financial results will be shared in a press release prior to the call. Interested parties can join the call via audio webcast on the company's website.