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 (PRTS) operates a leading eCommerce platform for automotive aftermarket parts, serving both consumers and businesses across North America. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and strategic initiatives shaping the automotive parts sector.
Discover official press releases covering earnings announcements, product innovations, supply chain expansions, and partnership agreements. Our curated collection ensures access to verified information about operational milestones, technology implementations, and market positioning efforts.
Key updates include financial disclosures, leadership changes, inventory system upgrades, and eCommerce platform enhancements. Bookmark this page for direct access to PRTS's evolving story in the competitive automotive aftermarket space, supported by factual reporting and neutral analysis.
CarParts.com, Inc. (NASDAQ: PRTS) reported first quarter 2024 results with net sales decreasing to $166.3 million, gross profit of $53.9 million, net loss of ($6.5) million, and adjusted EBITDA of $1.1 million. Despite facing challenges, the company is focusing on margin expansion, efficiency, and profitability to enhance shareholder value. The company aims to achieve adjusted EBITDA growth next year and increase free cash flow generation.
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