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) reported a 21% year-over-year increase in net sales, reaching $141.8 million in Q3 2021, with a gross profit of $47.3 million and a gross margin of 33.4%. However, the company faced a net loss of $4.7 million compared to a net income of $1.4 million last year. Adjusted EBITDA also decreased to $2.3 million from $5.1 million. Inventory rose to a record $131.8 million, highlighting ongoing investments in growth, despite a challenging financial quarter. Management maintains long-term targets of 20-25% revenue growth.
CarParts.com, Inc. (NASDAQ: PRTS) will host a conference call on November 2, 2021, to discuss its third-quarter financial results for the period ending October 2, 2021. The results will be shared in a press release before the call, which will feature CEO Lev Peker and CFO David Meniane. The call will start at 5:00 PM ET and will be accessible via audio webcast. Interested parties can listen live or access a replay on the Company's website.
Michael McDowell and the No. 34 CarParts.com team are striving to make history for Front Row Motorsports (FRM) as they approach the Las Vegas Motor Speedway. This season, the team has achieved five top-10 finishes, two top-five finishes, and a Daytona 500 championship. McDowell is 43 points behind the 15th position but remains hopeful for further achievements in the upcoming races. CarParts.com's continuous support underlines the team's ambitions.
CarParts.com will be in the spotlight as driver Michael McDowell returns to the Daytona International Speedway following his Daytona 500 victory. The team, featuring the No. 34 Ford Mustang, will also see PowerStop as a major associate sponsor. This race is crucial as it leads into the NASCAR Playoffs. McDowell expressed confidence in their new car's performance, building on the momentum from their Daytona win. The partnership with PowerStop continues to strengthen, enhancing visibility for CarParts.com and its services.
CarParts.com reported a strong second quarter for 2021, with net sales increasing 32% year-over-year to $157.5 million. The gross profit rose 31% to $53.3 million, despite a slight decline in gross margin to 33.9%. Net income improved to $2.1 million, or $0.04 per share, compared to $1.6 million last year. The company also announced a $30 million stock repurchase plan and is expanding its distribution network to enhance operational capacity. Management maintains a long-term revenue growth target of 20-25%.
CarParts.com, Inc. (NASDAQ: PRTS) returns as the primary sponsor for the No. 34 Front Row Motorsports team, partnering with driver Michael McDowell for three races this August, starting with the upcoming event at Watkins Glen. The company has delivered over 50 million parts and plans to open a sixth distribution center in Jacksonville, enhancing customer accessibility. With a focus on a mobile-friendly shopping platform and strong relationships, CarParts.com aims to capitalize on its partnership during NASCAR playoffs. The race will be broadcast live on NBC.
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.
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