secwatch.observer — SEC 8-K summary
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Issuer:     CarParts.com, Inc. (PRTS)
CIK:        0001378950
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001378950-24-000124
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 down 13% YoY to $144.8M, net loss widens to $10M, guidance lowered
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378950/000137895024000124/0001378950-24-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378950/000137895024000124/prts-20241029x8k.htm
  HTML page:      https://secwatch.observer/filing/0001378950-24-000124

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