earnings
confidence high
sentiment negative
materiality 0.75
CarParts.com FY2024 revenue down 13%, net loss widens to $40.6M; no 2025 guidance due to strategic alternatives
CarParts.com, Inc.
- Net sales $588.8M, down 13% YoY; net loss ($40.6M) or ($0.71) per share vs ($0.15) loss per share prior year.
- Adjusted EBITDA ($7.1M) vs $19.7M; gross margin 33.4% vs 33.9%.
- Cash $36.4M, no revolver debt; prior year cash $51M.
- Q4 net sales $133.5M, down 15%; net loss ($15.4M) vs ($6.1M) prior year quarter.
- No 2025 guidance provided; company evaluating strategic alternatives in response to inbound interest.