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CarParts.com Inc (PRTS)
NASDAQ:PRTS
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.13Last Year’s EPS
-0.11Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 25, 2025
|% Change Since: 1.96%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Negative
The earnings call presented a mixed picture with significant progress in expanding supply chain capabilities, mobile app growth, and B2B expansion. However, these positives were overshadowed by a notable decline in revenue, substantial net losses, and increased costs affecting margins.Company Guidance
In the CarParts.com 2024 fiscal year-end conference call, the company reported revenues of $588.8 million, down 13% from the previous year's $675.7 million, with gross profit at $196.7 million, representing a gross margin of 33.4%. The GAAP net loss for the year was $40.6 million, compared to a loss of $8.2 million in 2023, primarily due to lower gross profit and increased outbound transportation costs. Despite these challenges, the company maintained a cash position of $36.4 million with no revolver debt, and an inventory balance of $90.4 million at year-end. For 2025, CarParts.com aims to expand its product offering, increase average basket size, and scale its B2B business, while focusing on high margin fee income and mobile app growth to diversify its marketing mix. The strategic focus also includes maintaining a strong balance sheet and managing cash flow effectively, as the company navigates its way within the $400 billion auto parts market.Gross Profit Margin Near Upper End of Guidance
Full-year gross profit of $197 million and gross profit margin of 33.4% was near the upper end of guidance, despite challenges.
Expansion of Vertically Integrated Supply Chain
Optimized supply chain with in-house capabilities leading to attractive product margins in the mid-fifties percent.
Direct-to-Consumer Fulfillment Network Expansion
Expanded network can cover 98% of the population with two-day shipping, including a new semi-automated facility in Las Vegas processing 25% of volume.
Mobile App Growth
The mobile app now has over 800,000 users in less than 18 months and accounts for over 10% of e-commerce revenue.
B2B Business Expansion
Launched same and next-day delivery in North Florida market with a contribution margin up to three times higher than e-commerce.
High Margin Fee Income Offerings
Launched offerings including shipping and product protections, affiliate revenue, and premium memberships, contributing to increased net profit margins.
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PRTS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PRTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 25, 2025 | $1.02 | $1.00 | -1.96% |
| Oct 29, 2024 | $0.74 | $0.83 | +12.16% |
| Jul 30, 2024 | $1.20 | $1.01 | -15.83% |
| May 07, 2024 | $1.16 | $1.13 | -2.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CarParts.com Inc (PRTS) report earnings?
CarParts.com Inc (PRTS) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is CarParts.com Inc (PRTS) earnings time?
CarParts.com Inc (PRTS) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRTS EPS forecast?
PRTS EPS forecast for the fiscal quarter 2025 (Q1) is -0.13.
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