CarParts.com, Inc. (PRTS) Q2 2025 Earnings Call Transcript
Earnings Call Overview: CarParts.com held its Q2 2025 earnings conference call, where CEO David Meniane and CFO Ryan Lockwood discussed the company's financial performance and strategic initiatives, including forward-looking statements and financial measures.
Strategic Alternatives Update: The company is actively exploring strategic alternatives to maximize shareholder value, with confidence that this process is nearing completion, potentially involving a sale or strategic investments to enhance growth.
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Lean Solutions Group Partners with CarParts.com for AI-Driven Operations
- Milestone in Business Transformation: Lean Solutions Group's selection by CarParts.com to deliver advanced business operations marks a significant expansion into the Philippine market, expected to enhance CarParts.com's operational efficiency and competitiveness.
- Diverse Service Agreement: Under a multi-year agreement, Lean Solutions Group will provide comprehensive services including complex order processing, finance and accounting, marketing, and back-office technology, leveraging its LeanTek platform to enhance operational capabilities.
- AI Technology Implementation: The AI-driven platform from Lean Solutions Group will enable CarParts.com to achieve immediate efficiency gains in its Manila operations while supporting strategic enhancements to its U.S. distribution network, ensuring high service standards.
- Strengthened Industry Leadership: This partnership accelerates Lean Solutions Group's expansion in the automotive aftermarket sector, reinforcing its leadership position while both organizations commit to ensuring employee support and business continuity throughout the engagement.
CarParts.com Deepens Partnership with eBay for Exclusive Brand Access
- Exclusive Brand Partnership: CarParts.com announces that its brand Evan Fischer® will be exclusively available on eBay, marking a deepening of its long-standing relationship with eBay, which is expected to provide millions of DIY enthusiasts and professional mechanics with easier access to high-quality automotive parts.
- Market Coverage Expansion: Through the collaboration with eBay, Evan Fischer products will leverage eBay's extensive market reach, enhancing brand visibility and increasing sales potential while meeting customer demands for fast, reliable, and affordable parts.
- Customer Trust Enhancement: The Evan Fischer brand is committed to delivering high-quality, reasonably priced replacement parts, combining rigorous quality standards with a comprehensive manufacturing and testing process to ensure customers receive safe, reliable, and precisely fitting products on their first purchase, thereby enhancing brand trust.
- Technology Empowerment: eBay, as a global e-commerce leader, utilizes its technology to support buyers and sellers, facilitating CarParts.com's brand growth and is expected to attract more consumers by offering a richer inventory and superior shopping experience.
CarParts.com Reports Third Quarter 2025 Results
Third Quarter Financial Performance: CarParts.com reported a 12% decrease in net sales to $127.8 million for Q3 2025, with a net loss of $10.9 million compared to a loss of $10.0 million in the same quarter last year.
Strategic Investments: The company secured a $35.7 million strategic investment from A-Premium, ZongTeng Group, and CDH Investments, aimed at enhancing product range and operational efficiency.
Operational Efficiency Focus: Management is prioritizing improvements in gross margin, variable costs, and operational efficiency to drive sustained free cash flow, with expectations to be free cash flow positive by 2026.
Mobile App and Membership Growth: CarParts.com has achieved approximately 1.1 million downloads of its mobile app and over 8,000 memberships for its CarParts+ and Roadside Assistance services.
CarParts.com Announces Date Change for its Third Quarter 2025 Conference Call
Conference Call Rescheduling: CarParts.com, Inc. has rescheduled its third quarter 2025 conference call to November 10, 2025, at 2:00 p.m. Pacific Time, with results to be reported beforehand.
Live Webcast Details: The conference call will be hosted by CEO David Meniane and CFO Ryan Lockwood, and can be accessed live via an audio webcast on the company's investor relations page.
Company Overview: CarParts.com is a technology-driven ecommerce company specializing in automotive parts and accessories, with over 25 years of experience and a commitment to customer service.
Headquarters Information: The company is headquartered in Torrance, California, and operates a variety of brands including CarParts Wholesale and JC Whitney.
CarParts.com Sets Third Quarter 2025 Conference Call for Tuesday, November 11, 2025
Conference Call Announcement: CarParts.com, Inc. will hold a conference call on November 11, 2025, at 2:00 p.m. PT to discuss its Q3 financial results for the period ending September 27, 2025.
Webcast Access: The conference call will be hosted by CEO David Meniane and CFO Ryan Lockwood, and can be accessed live via an audio webcast on the company's investor relations page.
Company Overview: CarParts.com is a technology-driven ecommerce company specializing in automotive parts and accessories, with over 1 million products available and a focus on customer service and fast shipping.
Headquarters Location: The company is headquartered in Torrance, California, and has been operating for over 25 years, offering a seamless shopping experience through its website and app.
CarParts.com to Attend the LD Micro Main Event XIX
Event Participation: CarParts.com, Inc. will attend the 19th annual LD Micro Main Event from October 19-21 at the Hotel del Coronado in San Diego, California, to connect with the investment community and showcase its innovations in the automotive aftermarket.
Company Overview: CarParts.com is a technology-driven e-commerce company offering over 1 million automotive parts and accessories, focusing on a customer-first approach and providing a seamless shopping experience through its website and app.
Lean Solutions Group Partners with CarParts.com for AI-Driven Operations
- Milestone in Business Transformation: Lean Solutions Group's selection by CarParts.com to deliver advanced business operations marks a significant expansion into the Philippine market, expected to enhance CarParts.com's operational efficiency and competitiveness.
- Diverse Service Agreement: Under a multi-year agreement, Lean Solutions Group will provide comprehensive services including complex order processing, finance and accounting, marketing, and back-office technology, leveraging its LeanTek platform to enhance operational capabilities.
- AI Technology Implementation: The AI-driven platform from Lean Solutions Group will enable CarParts.com to achieve immediate efficiency gains in its Manila operations while supporting strategic enhancements to its U.S. distribution network, ensuring high service standards.
- Strengthened Industry Leadership: This partnership accelerates Lean Solutions Group's expansion in the automotive aftermarket sector, reinforcing its leadership position while both organizations commit to ensuring employee support and business continuity throughout the engagement.
CarParts.com Deepens Partnership with eBay for Exclusive Brand Access
- Exclusive Brand Partnership: CarParts.com announces that its brand Evan Fischer® will be exclusively available on eBay, marking a deepening of its long-standing relationship with eBay, which is expected to provide millions of DIY enthusiasts and professional mechanics with easier access to high-quality automotive parts.
- Market Coverage Expansion: Through the collaboration with eBay, Evan Fischer products will leverage eBay's extensive market reach, enhancing brand visibility and increasing sales potential while meeting customer demands for fast, reliable, and affordable parts.
- Customer Trust Enhancement: The Evan Fischer brand is committed to delivering high-quality, reasonably priced replacement parts, combining rigorous quality standards with a comprehensive manufacturing and testing process to ensure customers receive safe, reliable, and precisely fitting products on their first purchase, thereby enhancing brand trust.
- Technology Empowerment: eBay, as a global e-commerce leader, utilizes its technology to support buyers and sellers, facilitating CarParts.com's brand growth and is expected to attract more consumers by offering a richer inventory and superior shopping experience.
CarParts.com Reports Third Quarter 2025 Results
Third Quarter Financial Performance: CarParts.com reported a 12% decrease in net sales to $127.8 million for Q3 2025, with a net loss of $10.9 million compared to a loss of $10.0 million in the same quarter last year.
Strategic Investments: The company secured a $35.7 million strategic investment from A-Premium, ZongTeng Group, and CDH Investments, aimed at enhancing product range and operational efficiency.
Operational Efficiency Focus: Management is prioritizing improvements in gross margin, variable costs, and operational efficiency to drive sustained free cash flow, with expectations to be free cash flow positive by 2026.
Mobile App and Membership Growth: CarParts.com has achieved approximately 1.1 million downloads of its mobile app and over 8,000 memberships for its CarParts+ and Roadside Assistance services.
CarParts.com Announces Date Change for its Third Quarter 2025 Conference Call
Conference Call Rescheduling: CarParts.com, Inc. has rescheduled its third quarter 2025 conference call to November 10, 2025, at 2:00 p.m. Pacific Time, with results to be reported beforehand.
Live Webcast Details: The conference call will be hosted by CEO David Meniane and CFO Ryan Lockwood, and can be accessed live via an audio webcast on the company's investor relations page.
Company Overview: CarParts.com is a technology-driven ecommerce company specializing in automotive parts and accessories, with over 25 years of experience and a commitment to customer service.
Headquarters Information: The company is headquartered in Torrance, California, and operates a variety of brands including CarParts Wholesale and JC Whitney.
CarParts.com Sets Third Quarter 2025 Conference Call for Tuesday, November 11, 2025
Conference Call Announcement: CarParts.com, Inc. will hold a conference call on November 11, 2025, at 2:00 p.m. PT to discuss its Q3 financial results for the period ending September 27, 2025.
Webcast Access: The conference call will be hosted by CEO David Meniane and CFO Ryan Lockwood, and can be accessed live via an audio webcast on the company's investor relations page.
Company Overview: CarParts.com is a technology-driven ecommerce company specializing in automotive parts and accessories, with over 1 million products available and a focus on customer service and fast shipping.
Headquarters Location: The company is headquartered in Torrance, California, and has been operating for over 25 years, offering a seamless shopping experience through its website and app.
CarParts.com to Attend the LD Micro Main Event XIX
Event Participation: CarParts.com, Inc. will attend the 19th annual LD Micro Main Event from October 19-21 at the Hotel del Coronado in San Diego, California, to connect with the investment community and showcase its innovations in the automotive aftermarket.
Company Overview: CarParts.com is a technology-driven e-commerce company offering over 1 million automotive parts and accessories, focusing on a customer-first approach and providing a seamless shopping experience through its website and app.
