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PRTS Carparts.Com News Story

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Consumer CyclicalsAdventurousMicro CapNeutral

Brief: Carparts.Com Q2 Sales USD 151.95 Million

Overview

CarParts.com Q2 net sales rise 5% to $151.9 mln, missing estimates

Net loss widens to $12.7 mln due to lower margins, higher marketing spend

Company exploring strategic alternatives, including potential sale or investments

Outlook

CarParts.com is not providing 2025 guidance due to strategic evaluations

Company expects $10 mln annualized cost savings from AI and automation

CarParts.com anticipates margin and efficiency gains from strategic initiatives

Result Drivers

ECOMMERCE DEMAND - Increased consumer demand through primary eCommerce channel drove sales growth

MARKETPLACE SOFTNESS - Continued softness in marketplace sales channel partially offset sales growth

MARGIN PRESSURE - Gross margin decreased due to product mix and tariff impacts

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 SalesMiss$151.95 mln$153.50 mln (2 Analysts)
Q2 Net Income-$12.71 mln
Q2 Adjusted EBITDA-$3.12 mln
Q2 Gross Profit$49.78 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy" Wall Street's median 12-month price target for Carparts.Com Inc is $1.90, about 53.2% above its August 11 closing price of $0.89 Press Release: ID:nPn3bXnP2a (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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