Carparts Com Inc Stock Price, News & Analysis

CarParts.com (NASDAQ: PRTS) solidifies its connection to NASCAR by expanding its partnership with 2021 Daytona 500 champion Michael McDowell and Front Row Motorsports. The partnership includes full-season associate branding and primary sponsorship at four races, starting at Watkins Glen on August 8. CarParts.com has gained recognition for its mobile-friendly platform, delivering over 50 million parts. McDowell's endorsement emphasizes the brand's alignment with winning, which could enhance its visibility and market presence in the automotive parts sector.

CarParts.com, Inc. (NASDAQ: PRTS) will hold a conference call on March 8, 2021, at 5:00 p.m. ET to discuss its financial results for the fourth quarter ending January 2, 2021. The call will be hosted by CEO Lev Peker and CFO David Meniane and will include a Q&A session. Investors can access the live audio webcast via the company's website. A replay will be available until March 22, 2021. CarParts.com has been a leader in e-commerce automotive aftermarket for over 25 years, providing a wide range of replacement and performance parts.

CarParts.com (NASDAQ: PRTS) has announced that its new 210,000 square foot distribution center in Grand Prairie, Texas, is operational and has hired its 200th employee. Since launching in Q4 2020, the facility has shipped over 100,000 packages. The company focuses on operational efficiency, stocking fast-moving inventory while hiring veterans to enhance productivity. With increasing demand for auto parts, especially as the U.S. car fleet ages, CarParts.com is committed to ensuring quick delivery and continuous community support in Grand Prairie.

The Professional Fighters League (PFL) has announced CarParts.com (NASDAQ: PRTS) as its Official Auto Parts Retailer. This partnership will include CarParts.com as the presenting partner for PFL 1 on April 23, alongside a new branded content series and a nationwide sweepstakes. PFL has seen significant growth with a 68% Instagram follower increase and 200% spike in social engagement. CarParts.com, recognized as the Fastest-Growing Auto Parts Site, continues to innovate in the automotive retail space, emphasizing customer loyalty and positive experiences.

CarParts.com (NASDAQ: PRTS) has launched a dedicated shopping hub for hybrid and electric vehicle (EV) parts, reflecting its commitment to this growing market. The retailer now offers over 700,000 applications for aftermarket parts for popular EV and hybrid models, including Tesla and Toyota. Chief Merchandising Officer David Morris emphasizes the similarities between EV and gas vehicle parts, while CEO Lev Peker highlights the increasing number of older EVs requiring replacement parts. The user-friendly shopping experience and additional resources aim to establish CarParts.com as the top online destination for the EV community.

CarParts.com (NASDAQ: PRTS) has been recognized by Auto Care Week as the Top Company for Year-over-Year Net Sales Growth in Q3 2020. The company achieved a remarkable 69.5% increase in net sales compared to Q3 2019, outperforming competitors like O’Reilly Auto Parts and AutoZone. This achievement follows an earlier recognition from SimilarWeb as the Fastest-Growing Auto Parts Site of 2020. CarParts.com attributes its success to a customer-centric approach, technological investments, and supply chain enhancements.

CarParts.com (NASDAQ: PRTS) has been recognized as the Fastest-Growing Auto Parts Site of 2020 by SimilarWeb, with a remarkable 194% year-over-year increase in website traffic. This growth outpaced competitors like NAPA Auto Parts and 1A Auto, positioning CarParts.com as a leader in the automotive aftermarket. The company's turnaround strategy, focused on technology investments and a customer-first approach, has driven this success. CarParts.com aims to continue this trajectory as consumer behaviors shift toward online shopping for auto parts.

CarParts.com, Inc. (NASDAQ: PRTS) announces that CEO Lev Peker and CFO David Meniane won silver medals in the Executive of the Year and Operations Executive of the Year categories at the Best in Biz Awards 2020. Their leadership has driven a complete turnaround for the company, marked by three consecutive quarters of double-digit profitable growth and the highest gross profit in company history. The awards are a testament to their effectiveness in navigating the challenges posed by the global pandemic while ensuring customer satisfaction.

On December 16, 2020, CarParts.com (NASDAQ: PRTS) announced that CEO Lev Peker and CFO/COO David Meniane received silver medals for Executive of the Year and Operations Executive of the Year at the Best in Biz Awards. Their leadership has transformed the company, which was near bankruptcy in early 2019, into one that recently achieved three consecutive quarters of double-digit profitable growth and record gross profits. The awards highlight the resilience and innovation shown by North American businesses amid the challenges of 2020.