CarParts.com Inc Reports First Quarter 2025 Results

TORRANCE, Calif., May 13, 2025 /PRNewswire/ – CarParts.com, Inc. (NASDAQ: PRTS), a leading eCommerce provider of automotive parts and accessories, has released its financial results for the first quarter ended March 29, 2025. The company, which serves as a premier destination for vehicle repair and maintenance needs, reported a decrease in net sales and a widening net loss compared to the same period last year.

Financial Highlights:

  • Net Sales: The company’s net sales decreased by 11% to $147.4 million compared to the year-ago quarter.
  • Gross Profit and Margin: Gross profit was reported at $47.3 million, down from $53.9 million, resulting in a gross margin of 32.1%.
  • Net Loss: The net loss for the quarter was ($15.3) million, or ($0.27) per share, compared to a net loss of ($6.5) million, or ($0.11) per share in the previous year.
  • Adjusted EBITDA: Adjusted EBITDA was ($6.2) million, a significant decrease from $1.1 million in the prior year.
  • Cash and Debt: The company maintained a cash balance of $38.5 million and reported no revolver debt.

Operational Insights:

The company’s mobile app has achieved cumulative net downloads of approximately 900,000. Additionally, over 5,000 CarParts+ and Roadside Assistance Memberships have been sold year to date.

Management Commentary:

In the first quarter, CarParts.com’s top line and operating expenses were in line with expectations. However, the company faced challenges due to gross margin compression and a challenging advertising spend climate, which significantly impacted profitability. Management emphasized the importance of upgrading the customer base to include higher income and less price-sensitive customers. They also highlighted the need to diversify the acquisition mix and realign the business around products that target higher margin sales. The company aims to add high-margin fee income and grow customer lifetime value as part of its strategic focus.

Company Overview:

CarParts.com, Inc., an American company specializing in retailing automobile parts online, offers a wide range of products including mirrors, engine parts, headlights, brakes, and more. The company serves customers in the United States through its website, www.carparts.com . CarParts.com went public on the Nasdaq stock exchange on February 9, 2007. As of May 8, 2025, the company’s close price was $0.8102, with a market capitalization of $47,388,353 USD. The company’s 52-week high was $1.445 on July 25, 2024, and its 52-week low was $0.68 on October 23, 2024.

Earnings Report Previews:

Prior to the earnings release, CarParts.com Inc. was the subject of earnings report previews on May 12, 2025, by both feeds.feedburner.com and finance.yahoo.com, which highlighted key areas to watch in the upcoming report.