NASDAQ$PRTS
CarPartscom Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
CarParts.com reported a decrease in net sales and a net loss for Q1 2024, while focusing on margin expansion and efficiency.
CarParts.com reported a 5% decrease in net sales to $166.3 million and a net loss of $6.5 million, or $0.11 per share, compared to a net income of $1.1 million, or $0.02 per share, in the year-ago quarter. The company is focusing on margin expansion and efficiency to improve profitability and Adjusted EBITDA for 2025 and 2026.
- Net sales decreased by 5% year-over-year to $166.3 million due to softness in consumer demand and selling price compression.
- Gross profit decreased to $53.9 million from $62.6 million, with gross margin at 32.4%.
- Net loss was $6.5 million, or $0.11 per share, compared to net income of $1.1 million, or $0.02 per share, in the prior year.
- Cash balance was $46.0 million with no revolver debt.
Headline financials
Revenue & EPS history
CarParts.com · Revenue · Quarterly
$166M
Forward guidance
For the full year 2024, the company is targeting gross profit to remain within the previously forecasted range but adjusting the net sales and gross margin ranges.
Tailwinds
- Targeting gross profit to remain within the previously forecasted range.
- Expects net sales in a range of $600 million to $625 million.
- Focus on gross margin improvement.
- Expects gross margin in a range of 33%, plus or minus 100 basis points.
- Gross margin improvement will partially offset the lower expected net sales.
Headwinds
- Net sales guidance adjusted to $600 million to $625 million from $662 million to $688 million.
- Reflects focus on gross margin improvement.
- Previous gross margin guidance was 31%, plus or minus 100 basis points.
- Decrease in net sales was primarily driven by softness in consumer demand in certain parts and selling price compression.
- Decrease in gross profit and gross margin was primarily driven by higher outbound transportation costs and selling price compression.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+11.0%
Avg return
Earnings day
+16.1%
Avg return
5 days after
+13.7%
Avg return
30 days after
39%
25 / 64 earnings
Positive
+823.1%
Q1 2026
Best reaction
-27.6%
Q3 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +823.1% | +702.2% | +549.5% | |
| Q4 2025 | -2.6% | +0.0% | +5.2% | |
| Q3 2025 | -11.7% | -14.3% | -31.7% | |
| Q1 2025 | -12.5% | -6.6% | -11.0% | |
| Q4 2024 | -2.0% | -2.0% | -2.9% | |
| Q3 2024 | +9.2% | +9.2% | +34.2% | |
| Q2 2024 | -18.5% | -23.4% | -33.1% | |
| Q1 2024 | -5.8% | -13.3% | -12.5% | |
| Q4 2023 | -18.5% | -25.2% | -34.0% | |
| Q3 2023 | -17.7% | -9.0% | -8.7% | |
| Q2 2023 | -11.0% | -10.6% | -3.8% | |
| Q1 2023 | -9.7% | -3.4% | -9.5% | |
| Q4 2022 | -1.7% | -9.0% | -21.9% | |
| Q3 2022 | +14.5% | +19.8% | +47.0% | |
| Q2 2022 | +5.7% | +3.7% | -21.2% | |
| Q1 2022 | +31.5% | +19.9% | +23.7% | |
| Q4 2021 | +1.2% | -5.0% | -20.0% | |
| Q3 2021 | -1.2% | +3.2% | -18.5% | |
| Q2 2021 | +16.2% | +10.6% | +1.6% | |
| Q1 2021 | +5.9% | +1.3% | +15.0% | |
| Q4 2020 | -0.4% | -4.0% | -6.1% | |
| Q3 2020 | -27.4% | -19.6% | +1.4% | |
| Q2 2020 | +15.3% | +18.7% | -13.6% | |
| Q1 2020 | +15.5% | +34.5% | +109.2% | |
| Q4 2019 | +9.9% | -4.9% | -26.3% | |
| Q3 2019 | +13.9% | +9.6% | +34.9% | |
| Q2 2019 | +0.0% | +10.9% | +36.4% | |
| Q1 2019 | -3.1% | +0.0% | +7.0% | |
| Q4 2018 | -3.8% | -1.9% | -1.0% | |
| Q3 2018 | -8.5% | -12.7% | -24.6% | |
| Q2 2018 | -15.4% | -9.6% | +9.6% | |
| Q1 2018 | -8.6% | -18.4% | -13.5% | |
| Q4 2017 | +12.3% | +6.2% | +0.0% | |
| Q3 2017 | +6.7% | +2.5% | -0.8% | |
| Q2 2017 | -4.3% | -1.4% | +5.1% | |
| Q1 2017 | +0.8% | -20.3% | -16.7% | |
| Q4 2016 | -3.6% | -7.5% | -1.5% | |
| Q3 2016 | -8.1% | -8.8% | -7.8% | |
| Q2 2016 | +3.4% | +4.4% | -5.7% | |
| Q1 2016 | -3.9% | — | — | |
| Q4 2015 | +9.0% | — | — | |
| Q3 2015 | +19.5% | — | — | |
| Q2 2015 | -1.7% | — | — | |
| Q1 2015 | +1.7% | — | — | |
| Q4 2014 | -9.2% | — | — | |
| Q3 2014 | -4.9% | — | — | |
| Q2 2014 | -7.9% | — | — | |
| Q1 2014 | +2.0% | — | — | |
| Q4 2013 | +3.6% | — | — | |
| Q3 2013 | +13.0% | — | — | |
| Q2 2013 | -12.4% | — | — | |
| Q1 2013 | -0.7% | — | — | |
| Q4 2012 | -15.0% | — | — | |
| Q3 2012 | -14.9% | — | — | |
| Q2 2012 | -11.7% | — | — | |
| Q1 2012 | +0.0% | — | — | |
| Q4 2010 | +3.1% | — | — | |
| Q4 2011 | +3.1% | — | — | |
| Q3 2011 | -27.6% | — | — | |
| Q1 2011 | -13.1% | — | — | |
| Q2 2011 | -13.1% | — | — | |
| Q3 2010 | -8.1% | — | — | |
| Q2 2010 | +5.2% | — | — | |
| Q1 2010 | +0.0% | — | — |
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