CarParts.com Reports Q1 2025: Net Sales Down 11%, Net Loss Widens to $15.3M, EPS at ($0.27)

Reuters
05-14
CarParts.com Reports Q1 2025: Net Sales Down 11%, Net Loss Widens to $15.<a href="https://laohu8.com/S/MMM">3M</a>, EPS at ($0.27)

CarParts.com, Inc. $(PRTS)$, a leading eCommerce provider of automotive parts and accessories, reported its first quarter 2025 financial results, showing a decrease in net sales and an increase in net loss compared to the same period last year. Net sales for the first quarter ended March 29, 2025, were $147.4 million, down 11% from $166.3 million in the year-ago quarter. The decline in sales was attributed to soft consumer demand, inclement weather, and continued pressures in lighting and mirrors. The company reported a net loss of $15.3 million, or ($0.27) per share, compared to a net loss of $6.5 million, or ($0.11) per share, in the same quarter last year. Gross profit decreased to $47.3 million from $53.9 million, with a gross margin of 32.1%. CarParts.com also highlighted that its mobile app has reached approximately 900,000 cumulative net downloads and over 5,000 CarParts+ and Roadside Assistance Memberships have been sold year to date. The company is evaluating various strategic alternatives in response to inbound interest and, as a result, is not providing guidance for 2025. As of March 29, 2025, CarParts.com had a cash balance of $38.5 million and no revolver debt.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Carparts.com Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA85844) on May 13, 2025, and is solely responsible for the information contained therein.

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