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CarParts.com Inc (PRTS)
:PRTS
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.19Last Year’s EPS
-0.11Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: 39.19%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress in margin improvement and technological advancements, alongside successful new market entries and a strong cash position. However, these positives were offset by a notable decline in revenue, increased operating expenses, ongoing challenges with freight costs, and a lowered revenue guidance due to external factors such as hurricanes.Company Guidance
During the Q3 2024 earnings call, CarParts.com provided guidance that reflects both challenges and strategic advancements. The company reported revenues of $144.8 million, a slight sequential increase but a 13% decline year-over-year, primarily due to price adjustments aimed at attracting higher-value customers and adverse impacts from hurricanes Helene and Milton. Despite a GAAP net loss of $10 million, gross margins improved to 35.2% from 32.9% in the prior year, driven by pricing strategies and reduced product costs. The firm anticipates continued gross margin enhancement and aims for a 6% to 8% adjusted EBITDA margin in the medium term. Looking forward to 2024, revenue guidance was adjusted to $595 million to $600 million due to the hurricane impacts, while gross margin expectations were refined to a range of 33% to 34%. The company remains focused on leveraging its robust digital infrastructure and expanded product offerings to drive growth and profitability in the coming fiscal year.Margin Improvement
Pre-freight margins increased to 54.6% in Q3 from 50.8% in the prior year quarter, driven by lower input product costs and improved pricing and customer acquisition strategies.
Technological Advancements
CarParts.com has transitioned to a best-in-class cloud-based infrastructure, enabling faster feature rollouts and improved shopping experiences, with recent initiatives showing higher than anticipated usage.
Product Assortment Success
OE premium brands and European brands saw year-over-year increases of 24% and 23%, respectively. Wholesale commercial sales channel, excluding the impact of the Vegas move, experienced mid-single digits growth.
New Market Entries
Launched an eBay store in Canada, showing early positive signs, and completed a pilot on Amazon, leveraging Amazon's fulfillment network with a double-digit lift in tested products.
Strong Cash Position
Ended the quarter with $38 million in cash and no debt, with generated interest income of $345,000 in Q3.
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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 |
|---|---|---|---|
| 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% |
| Mar 07, 2024 | $2.51 | $1.94 | -22.71% |
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 Mar 06, 2025, TBA Not Confirmed.
What is CarParts.com Inc (PRTS) earnings time?
CarParts.com Inc (PRTS) earnings time is at Mar 06, 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 2024 (Q4) is -0.19.
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