secwatch.observer — SEC 8-K summary
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Issuer:     CarParts.com, Inc. (PRTS)
CIK:        0001378950
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001378950-23-000075
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CarParts.com Q3 net sales $166.9M (+1% YoY); net loss widens to $2.5M
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- Net sales of $166.9M, up 1% YoY (17% two-year stack); gross margin 32.9%, down 120 bps.
- Net loss ($2.5M) vs ($0.9M); adjusted EBITDA $3.0M vs $6.3M.
- Cash $66.7M, no revolver debt; repurchased 245k shares for $1.1M.
- Mobile app launched, 70k downloads and $2M revenue to date.
- 15th consecutive quarter of YoY sales growth; CEO cites softening consumer environment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378950/000137895023000075/0001378950-23-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378950/000137895023000075/prts-20231030x8k.htm
  HTML page:      https://secwatch.observer/filing/0001378950-23-000075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer