NASDAQ$PRTS

CarPartscom Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

CarParts.com's third quarter results for 2024 were reported, showing a decrease in net sales but an increase in gross margin.

CarParts.com reported a decrease in net sales to $144.8 million, a net loss of $10.0 million, and an adjusted EBITDA of ($1.2) million. However, the gross margin increased to 35.2%.

  • Net sales decreased to $144.8 million, a 13% decrease year-over-year.
  • Gross profit was $51.0 million, compared to $54.8 million in the year-ago quarter.
  • Gross margin increased to 35.2%, up from 32.9% in the prior year.
  • Net loss was ($10.0) million, or ($0.17) per share.

Headline financials

Total Revenue

$145M

Previous: $167M-13.3%
EPS

-$0.17

Previous: -$0.04-325.0%
Gross Margin

35.2%

Previous: 32.9%+7.0%
Capital Expenditures

-$18.1M

Previous: -$7.38M-145.9%
Free Cash Flow

-$28.2M

Previous: -$9.9M-184.6%
Net Income

-$10M

Previous: -$2.52M-298.0%
Operating Income

-$9.92M

Previous: -$2.92M-240.0%
Gross Profit

$51M

Previous: $54.8M-7.0%
Total Assets

$228M

Previous: $271M-15.9%
Stock-Based Comp

$3.06M

Previous: $1.46M+109.1%

Revenue & EPS history

CarParts.com · Revenue · Quarterly

$145M

Q3 2024-13.3%vs Q3 2023
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Forward guidance

The Company is narrowing and lowering our full year net revenue guidance by $5 million to $595 million to $600 million; however, the Company is narrowing our expected gross margin guidance to the high end of the range, from 32%-34% to 33%-34%.

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 Q3 2024

Historical avgQ3 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

Earnings price reactions
QuarterReport dateReaction (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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