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PRTS Carparts.Com News Story

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Consumer CyclicalsAdventurousMicro CapNeutral

CarParts.com Q3 sales miss estimates

Overview

CarParts.com Q3 net sales fell 12% to $127.8 mln, missing analyst expectations

The eCommerce  provider of automotive parts and accessories posted Net loss for Q3 of $10.9 mln, vs $10.0 mln loss last year

Company closed a $35.7 mln strategic investment to enhance logistics and product range

Outlook

CarParts.com expects to be free cash flow positive in 2026

Partnership with A-Premium and ZongTeng to enhance logistics and product range

Result Drivers

MARKETING SPEND - Co attributes 12% decline in net sales to efforts to rationalize marketing spend

PRODUCT MIX AND TARIFFS - Gross profit decline attributed to product mix and tariffs, partially offset by pricing increases

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 SalesMiss$127.77 mln$142.03 mln (2 Analysts)
Q3 EPS-$0.19
Q3 Net Income-$10.89 mln
Q3 Adjusted EBITDA-$2.17 mln
Q3 Gross Profit$42.27 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 $1.10, about 43.7% above its November 7 closing price of $0.62 Press Release: ID:nPn58jmDba For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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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