---
schema_version: "secwatch.filing_event.v1"
accession: "0001378950-24-000058"
form_type: "8-K"
ticker: "PRTS"
cik: "0001378950"
company_name: "CarParts.com, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T17:10:53.029501+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CarParts.com Q1 net sales $166.3M (-5% YoY), net loss $6.5M; cuts FY net sales guidance to $600-625M

## Summary
- Net sales $166.3M, down 5% YoY; net loss $6.5M ($0.11 per share) vs net income $1.1M a year ago.
- Gross profit $53.9M (32.4% margin, down 320 bps) from higher outbound transportation and price compression.
- Adjusted EBITDA $1.1M, down from $9.4M in prior year quarter.
- FY2024 net sales guidance lowered to $600-625M (from $662-688M); gross margin raised to ~33%.
- Cash $46.0M, no revolver debt as of March 30, 2024.

## SEC filing metadata
- accession: 0001378950-24-000058
- form_type: 8-K
- ticker: PRTS
- cik: 0001378950
- company_name: CarParts.com, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1378950/000137895024000058/0001378950-24-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1378950/000137895024000058/prts-20240507x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001378950-24-000058
- JSON: https://secwatch.observer/filing/0001378950-24-000058.json
- Plain text: https://secwatch.observer/filing/0001378950-24-000058.txt

## Key facts
- Earnings Releases
  CarParts.com, Inc. reported the first quarter ended March 30, 2024 results: revenue Net sales decreased to $166.3 million, net income Net loss was ($6.5) million, EPS ($0.11) per share. Guidance lowered.
  - Period: the first quarter ended March 30, 2024
  - Revenue: Net sales decreased to $166.3 million
  - Net income: Net loss was ($6.5) million
  - EPS: ($0.11) per share
  - Guidance: lowered
  - Result: reported results
  source text: vehicle repair and maintenance needs, is reporting results for the first quarter ended March 30, 2024. First Quarter 2024 Summary vs. Year-Ago Quarter ● Net sales decreased to $166.3 million, down 5% from the year-ago quarter. ● Gross profit of $53.9 million vs. $62.6 million, with gross margin of 32.4%. ● Net loss was ($6.5) million, or ($0.11) per share, compared
  evidence_url: https://www.sec.gov/Archives/edgar/data/1378950/000137895024000058/0001378950-24-000058-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.