Overview
Automotive parts eCommerce firm's Q4 net sales fell 10% yr/yr
Gross margin in Q4 increased to 33.2% from 32.5% last year
Company reported Q4 net loss of $11.6 mln, vs $15.4 mln loss last year
Outlook
Company aims for free cash flow through higher margins and lower costs
CarParts.com expects A-Premium partnership revenue to exceed $100 mln
Result Drivers
MARKETING EFFICIENCY - Improved marketing efficiency by nearly 300 basis points, boosting gross margin and adjusted EBITDA
Company press release: ID:nPn4KNLqTa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
$120.43 mln
$118.91 mln (2 Analysts)
Q4 EPS
-$0.17
Q4 Net Income
-$11.56 mln
Q4 Adjusted EBITDA
-$2.17 mln
Q4 Gross Profit
$39.95 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 $1.05, about 27.4% above its March 4 closing price of $0.82
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)
