From Financial Modeling Prep: 2025-03-26 12:37:00

CarParts.com (NASDAQ:PRTS) disappointed with fourth-quarter results, reporting a net loss of $0.27 per share, more than double the expected $0.12 loss. Revenue fell 15% year-over-year to $133.5 million, missing the $140.83 million consensus. Management cited a tough economic environment for lower-income consumers delaying spending on vehicle repairs.

The challenging macroeconomic backdrop led to a 50 basis point decline in gross margin for CarParts.com, dropping to 32.5% compared to the previous year. The company highlighted weaker demand from budget-conscious consumers as a key factor impacting sales in the fourth quarter.

In 2024, CarParts.com saw a 13% decline in net sales to $588.8 million, with an annual net loss of $40.6 million, or $0.71 per share. This marked a significant increase from the $8.2 million loss ($0.15 per share) reported in 2023.



Read more at Financial Modeling Prep:: CarParts.com Posts Wider Q4 Loss and Weak Sales Am…