CarParts.com, Inc. reports developments as a technology-led ecommerce provider of automotive aftermarket parts and accessories for vehicle repair, maintenance, and upgrades. The company sells through its website, mobile app, marketplace channels, and a portfolio of brands that includes CarParts.com, CarParts Wholesale, JC Whitney, Garage-Pro, and Evan Fischer, supported by a company-operated distribution network and global supply chain.
Recurring news themes include quarterly and annual results, inventory and margin commentary, catalog and platform expansion, branded marketplace relationships, customer payment and membership offerings, strategic investments, and operating changes tied to fulfillment, customer service, technology, and supply chain execution.
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CarParts.com, Inc. (NASDAQ: PRTS) announced it will host a conference call on May 2, 2023, at 2:00 p.m. PT to discuss its Q1 financial results for the period ending April 1, 2023. The company will issue results in a press release prior to the call. Participants are encouraged to pre-register for the call, which includes a question and answer session. The event will be available via a live audio webcast, with a replay archived on the company’s website. CarParts.com is a prominent eCommerce platform offering automotive parts and maintenance services, providing customers with quality products at competitive prices.
CarParts.com (NASDAQ: PRTS) reported its fourth quarter and fiscal year results for 2022, marking record sales of $154.5 million in Q4 and $661.6 million for the year, representing growth of 12% and 14% year-over-year, respectively. Gross profit for the full year rose 17% to $230.9 million, with a gross margin of 34.9%. While the company reported a net loss of $1.0 million for the year, it significantly improved from a loss of $10.3 million in 2021. Adjusted EBITDA increased 56% year-over-year to $26.1 million. As of December 31, 2022, CarParts.com held $18.8 million in cash with no debt. The CEO emphasized a strong balance sheet and continued growth strategy for 2023.
CarParts.com, Inc. (NASDAQ: PRTS) has announced a conference call scheduled for March 7, 2023, at 2:00 p.m. PT to discuss its financial results for the fourth quarter and fiscal year ending December 31, 2022. The financial results will be shared in a press release prior to the call. CEO David Meniane, CFO Ryan Lockwood, and COO Michael Huffaker will lead the call, available through an audio webcast. Participants must pre-register to receive dial-in details. Archived webcasts will be available on the company’s investor relations website.
CarParts.com (NASDAQ: PRTS) has promoted Stephanie Urbach from SVP of HR to CHRO, effective January 9, 2023. Urbach, with over 25 years of expertise in HR, is expected to enhance employee experience and align HR practices with company growth. CEO David Meniane emphasized the importance of investing in employees as a core company value. Under Urbach's leadership, significant HR operational changes have already been implemented, contributing to the company’s organizational transformation. CarParts.com aims to support employee career development and operational efficiencies in delivering exceptional customer experiences.