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CarParts.com Reports Fiscal Year 2024 Results

On March 25, 2025, CarParts.com, Inc., headquartered in Torrance, California, reported its fourth quarter and fiscal year 2024 results, with CEO David Meniane and CFO Ryan Lockwood scheduled to host a conference call to discuss the findings.
Challenging economic conditions for lower-income consumers throughout 2024 led to decreased consumer spending and deferral of auto repairs, impacting the company's financial performance.
CarParts.com's fiscal year 2024 saw a 13% decrease in net sales to $588.8 million compared to $675.7 million in 2023, a decrease in gross profit to $196.7 million, and a net loss of million or per share, along with an adjusted EBITDA of million.
CEO David Meniane stated, "We believe these efforts will position us to increase our net profit margin and drive long-term growth,", while the company focused on strengthening financial performance, accelerating efficiency, and achieving sustainable growth during the year.
Despite investments in a new Las Vegas distribution center, a re-platformed website with AI-based search, and the launch of CarParts+, the company is currently evaluating strategic alternatives and will not be providing guidance for 2025, with StockNews.com cutting its rating from hold to sell, while Craig Hallum raised its rating from hold to buy with a $3.00 price objective.

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CarParts.com Reports Fiscal Year 2024 Results

TORRANCE, Calif., March 25, 2025 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS), a leading eCommerce provider of automotive parts and accessories, and a premier destination for vehicle repair and maintenance needs, is reporting results for the fourth quarter and fiscal year…

9 days ago·Helena, United States

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themarketsdaily.com

CarParts.com (NASDAQ:PRTS) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

CarParts.com (NASDAQ:PRTS – Get Free Report) issued its quarterly earnings results on Tuesday. The specialty retailer reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.08), Zacks reports. CarParts.com had a negative net margin of 5.11% and a negative return on equity of 29.57%. CarParts.com Price Performance PRTS traded […]

9 days ago

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