Welcome to our dedicated page for Carparts Com news (Ticker: PRTS), a resource for investors and traders seeking the latest updates and insights on Carparts Com stock.
CarParts.com Inc (PRTS) operates a leading eCommerce platform for automotive aftermarket parts, serving both consumers and businesses across North America. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and strategic initiatives shaping the automotive parts sector.
Discover official press releases covering earnings announcements, product innovations, supply chain expansions, and partnership agreements. Our curated collection ensures access to verified information about operational milestones, technology implementations, and market positioning efforts.
Key updates include financial disclosures, leadership changes, inventory system upgrades, and eCommerce platform enhancements. Bookmark this page for direct access to PRTS's evolving story in the competitive automotive aftermarket space, supported by factual reporting and neutral analysis.
CarParts.com (NASDAQ: PRTS) has appointed Christina Thelin as Chief Marketing Officer (CMO) to support its growth plans. Thelin, a strategic marketing leader with over 20 years of experience, will oversee product and brand marketing, performance marketing, loyalty marketing, creative, and consumer insights. She will report directly to CEO David Meniane and serve as a member of the company's leadership team.
Thelin's appointment is aimed at enhancing customer experience, consumer engagement, and brand recognition as CarParts.com continues to expand its market presence. Her extensive background includes building global brands and creating award-winning campaigns for Fortune 100 companies such as Google, Procter & Gamble, Visa, and Twitter.
CarParts.com (NASDAQ: PRTS) has scheduled its second-quarter 2024 financial results conference call for July 30, 2024, at 2:00 p.m. PT (5:00 p.m. ET). The discussion will cover the fiscal results for the quarter ending June 29, 2024, and will be led by CEO David Meniane, CFO Ryan Lockwood, and COO Michael Huffaker. Participants can register in advance to receive dial-in details. The event will be streamed live via webcast, with a replay available on the company's investor relations website.
CarParts.com (NASDAQ: PRTS) has launched its first major marketing campaign in over 20 years, titled 'Now That's My Speed.' This campaign aims to enhance brand recognition and drive business growth in the automotive parts market. A recent survey revealed that 69% of consumers prioritize price, while over 70% emphasize quality when purchasing auto parts. The campaign, created with Real Moxy, features humor and nostalgia from iconic American films, showcasing CarParts.com's extensive inventory of over 1 million parts. The company's new tagline, 'Quality Parts. Priced Right,' emphasizes its commitment to providing affordable, high-quality parts.
CarParts.com, Inc. (NASDAQ: PRTS) reported first quarter 2024 results with net sales decreasing to $166.3 million, gross profit of $53.9 million, net loss of ($6.5) million, and adjusted EBITDA of $1.1 million. Despite facing challenges, the company is focusing on margin expansion, efficiency, and profitability to enhance shareholder value. The company aims to achieve adjusted EBITDA growth next year and increase free cash flow generation.
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