earnings
confidence high
sentiment negative
materiality 0.70
CarParts.com Q3 net sales down 13% YoY to $144.8M, net loss widens to $10M, guidance lowered
CarParts.com, Inc.
2024-Q3 EPS reported
-$0.44
revenue$455,310,000
- Net sales $144.8M (-13% YoY); gross margin 35.2% (+230 bps YoY); net loss ($10.0M) vs ($2.5M) loss.
- Adjusted EBITDA ($1.2M) vs $3.0M a year ago; cash $38.1M, no revolver debt.
- Full-year revenue guidance lowered to $595-600M; gross margin narrowed to 33-34% (high end).
- New Las Vegas DC fully operational, handling 20% of volume; mobile app downloads >550K.
- CEOs cited partnerships (SimpleTire), eBay Canada, Amazon pilot; OE premium brands +24% YoY.