CarParts.com Inc ( (PRTS) ) has released its Q2 earnings. Here is a breakdown of the information CarParts.com Inc presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
CarParts.com, Inc., headquartered in Torrance, California, is a technology-driven eCommerce company specializing in automotive parts and accessories, catering to vehicle repair and maintenance needs through its extensive online platform and mobile app.
In the second quarter of 2025, CarParts.com reported a 5% increase in net sales, reaching $151.9 million, driven by heightened consumer demand on its primary eCommerce platform. However, the company faced a net loss of $12.7 million, up from $8.7 million in the previous year, attributed to a lower gross margin and increased marketing expenses.
Key financial metrics reveal a gross profit of $49.8 million and an adjusted EBITDA of negative $3.1 million. The company is actively exploring strategic alternatives to enhance shareholder value, including potential sales or strategic investments. Despite the challenges, CarParts.com achieved a positive adjusted EBITDA in June, indicating progress in its strategic initiatives.
Looking ahead, CarParts.com remains focused on realigning its fulfillment network and investing in AI and automation to achieve approximately $10 million in annualized cost savings. The company is optimistic about improving financial performance through margin and efficiency gains, although it has not provided specific guidance for 2025 due to ongoing strategic evaluations.