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CarParts.com, Inc. is a technology-enabled eCommerce company dedicated to simplifying how drivers and professional customers shop for aftermarket automotive parts and accessories. With over 30 years of operating history, CarParts.com serves as a one-stop destination for vehicle repair, upgrade, and maintenance needs, delivering a seamless digital shopping experience guided by its mission of Emp…
The business is unprofitable at the operating level (-8.93% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 7.0% YoY. Margins deteriorated 2.0pp alongside, both lines moving the wrong way.
ROIC dropped from -23.14% to -32.91%, capital efficiency is deteriorating. Negative free cash flow of -$42M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$532M
▼ -7.0% YoY
Net Income (TTM)
-$37M
▼ -24.2% YoY
Op. Margin
-6.91%
▼ -2.0pp YoY
ROIC
-26.38%
▼ -9.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$40M
▼ -310.7% YoY
Op. Cash Flow (TTM)
-$32M
▼ -429.6% YoY
Net Debt
$15M
Cash & Equiv.
$38M
5Y CAGR: +4.3%
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