Carparts Com Inc Stock Price, News & Analysis

The Professional Fighters League (PFL) launched the $100,000 Perfect Bracket Challenge, presented by CarParts.com (NASDAQ: PRTS), ahead of the 2021 Playoffs. This free competition invites fans to predict outcomes of semifinal and championship bouts through an interactive app, engaging them with live events broadcasted on ESPN networks. The challenge, aimed at MMA fans in the U.S., precedes the August Playoffs featuring three events, culminating in a Championship with $6 million in total purses. PFL positions itself as the No. 2 MMA organization globally, expanding its reach with strategic partnerships.

CarParts.com, Inc. (NASDAQ: PRTS) has scheduled a conference call for August 5, 2021 at 5:00 p.m. ET to discuss its financial results for the second quarter ended July 3, 2021. The results will be released prior to the call. CEO Lev Peker and CFO David Meniane will lead the discussion, which will also include a Q&A session. Interested parties can access the call via a webcast link on the company’s website. For those unable to join, a replay will be available until August 12, 2021.

CarParts.com (NASDAQ: PRTS) will open its sixth distribution center in Jacksonville, Florida, in Q1 2022, expanding its warehouse space by 180,000 square feet and adding 150 full-time positions. The new facility aims to enhance logistics, providing 1-day shipping to 55% of the U.S. and 2-day shipping to over 98%. Following a 65% revenue growth in Q1 2021, the company plans to support its 20% to 25% annual growth target with this investment. The center will stock various auto parts, including mechanical and collision components.

CarParts.com (NASDAQ: PRTS) has entered a partnership with Major League Fishing (MLF), becoming the Exclusive Auto Parts Retailer for the MLF Bass Pro Tour. This sponsorship includes the title sponsorship of the Bass Pro Tour CarParts.com Stage Seven event in St. Clair Shores, Michigan, scheduled for Sept. 10-15, 2021. CarParts.com will have significant brand visibility through in-studio signage and custom content videos featuring MLF anglers. The partnership aims to connect the brand with truck owners and outdoor enthusiasts, enhancing CarParts.com's reach and market presence.

CarParts.com announced a significant expansion of its Grand Prairie, Texas distribution center, increasing its size by 156,000 square feet to a total of 366,000 square feet. This expansion will boost the company's distribution network to over 1 million square feet and create 125 full-time jobs when operational in Q1 2022. The facility will improve inventory capabilities and include a dedicated will-call service center for customers. CarParts.com has already contributed $100,000 to local relief efforts since establishing itself in the area.

CarParts.com (NASDAQ: PRTS) will participate in the 2021 RBC Capital Markets Global Consumer and Retail Conference on June 3, 2021. This virtual event will feature a fireside chat and one-on-one meetings with investors. Recently, CarParts.com reported record Q1 2021 sales of $144.8 million, marking a 65% increase year-over-year, alongside a gross profit of $49.2 million, also up 65%. The company aims for 20-25% compounded sales growth in the long term. More information is available on their investor website.

CarParts.com (NASDAQ: PRTS) is set to attend the 2021 Citi Consumer Access Conference virtually on June 4, 2021. Management will conduct one-on-one meetings with registered investors. Recently, CarParts.com reported record Q1 2021 sales of $144.8 million, a 65% increase year-over-year, and gross profit of $49.2 million, also up 65%. The company aims for 20-25% compounded sales growth.

For more details or to schedule a meeting, contact CarParts.com's investor relations at ir@carparts.com.

CarParts.com (NASDAQ: PRTS) will participate in the 18th Annual Craig-Hallum Institutional Investor Conference virtually on June 2, 2021. Management invites registered investors for one-on-one meetings during the event. Recently, CarParts.com reported record Q1 2021 sales of $144.8 million, reflecting a 65% year-over-year increase, and a gross profit of $49.2 million, also up 65%. The company aims for a long-term sales growth of 20-25%. For details on investor meetings, contact Craig-Hallum or CarParts.com investor relations.

CarParts.com (NASDAQ: PRTS) reported strong Q1 2021 results, with a 65% year-over-year increase in net sales to $144.8 million and gross profit rising 65% to $49.2 million. However, the company faced a net loss of ($2.7 million), worsened from ($1.0 million) the previous year. The decline in adjusted EBITDA to $3.6 million, down from $4.3 million, was attributed to ramp-up costs at the Texas Distribution Center, adverse weather, and increased marketing expenditures. Plans for a 156,220 sq. ft. expansion of the Texas facility are underway to meet growing customer demand.