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
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$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
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(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.)