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CarParts.com (PRTS)

With over 25 years of experience, and more than 50 million parts delivered, it has streamlined its website and sourcing network to better serve the way drivers get the parts they need. Utilizing the latest technologies and design principles, it has created an easy-to-use, mobile-friendly shopping experience that, alongside its own nationwide distribution network, cuts out the brick-and-mortar supply chain costs and provides quality parts at a budget-friendly price.

Company profile

Ticker
PRTS
Exchange
Website
CEO
Lev Peker
Employees
Incorporated
Location
Fiscal year end
Former names
U.S. Auto Parts Network, Inc.
SEC CIK
Subsidiaries
PartsBin, Inc. • CarParts.com, Inc. (Philippines) Corporation • Lobo Marketing, Inc. • Go Fido, Inc. • Private Label Parts, Inc. • Pacific 3PL, Inc. • Local Body Shops, Inc. • Automotive Specialty Accessories and Parts, Inc. • Whitney Automotive Group, Inc. • Partsco, LLC ...
IRS number
680623433

PRTS stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

2 Aug 22
28 Sep 22
1 Jan 23
Quarter (USD) Jul 22 Apr 22 Jan 22 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 15.22M 15.22M 15.22M 15.22M 15.22M 15.22M
Cash burn (monthly) 3.27M 1.49M (no burn) 235.33K (no burn) 209.17K
Cash used (since last report) 9.43M 4.31M n/a 678.59K n/a 603.14K
Cash remaining 5.79M 10.92M n/a 14.55M n/a 14.62M
Runway (months of cash) 1.8 7.3 n/a 61.8 n/a 69.9

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Sep 22 Gomez Alfredo Common Stock Sell Dispose S No No 6.84 2,167 14.82K 534,097
5 Jul 22 Meniane David Common Stock Grant Acquire A No No 5.9 2,131 12.57K 1,166,521
5 Jul 22 Ryan Lockwood Common Stock Grant Acquire A No No 5.9 2,131 12.57K 27,472
5 Jul 22 Akhavan Houman Common Stock Grant Acquire A No No 5.9 2,131 12.57K 493,196
5 Jul 22 Greyson Jay Keith Common Stock Grant Acquire A No No 7.02 811 5.69K 184,887
13F holders Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Largest transactions Shares Bought/sold Change

Financial report summary

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Competition
AutozoneLKQAdvance Auto Parts
Risks
  • We are dependent upon relationships with suppliers in Taiwan and China for the majority of our products, which exposes us to complex regulatory regimes and logistical challenges.
  • We depend on third-party delivery services, for both inbound and outbound shipping, to deliver our products to our distribution centers and subsequently to our customers on a timely and consistent basis, and any deterioration in our relationship with any one of these third parties or increases in the fees that they charge could harm our reputation and adversely affect our business and financial condition.
  • If commodity prices such as fuel, plastic and steel increase, our margins may be negatively impacted.
  • Purchasers of aftermarket auto parts may not choose to shop online, which would prevent us from acquiring new customers who are necessary to the growth of our business.
  • Shifting online consumer behavior of purchasers of aftermarket auto parts could adversely impact our financial results and the growth of our business.
  • During fiscal year 2021, we recorded a net loss, and our net losses may continue in the future.
  • Our operations are restricted by our Credit Agreement, and our ability to borrow funds under our Credit Facility is subject to a borrowing base.
  • If our assets become impaired, we may be required to record a significant charge to earnings.
  • We are highly dependent upon key suppliers and an interruption in such relationships or our ability to obtain parts from such suppliers could adversely affect our business and results of operations.
  • If we are unable to manage the challenges associated with our international operations, the growth of our business could be limited and our business could suffer.
  • If our fulfillment operations are interrupted for any significant period of time or are not sufficient to accommodate increased demand, our sales could decline and our reputation could be harmed.
  • We face intense competition and operate in an industry with limited barriers to entry, and some of our competitors may have greater resources than us and may be better positioned to capitalize on the growing e-commerce auto parts market.
  • If we fail to offer a broad selection of products at competitive prices or fail to maintain sufficient inventory to meet customer demands, our revenue could decline.
  • We rely on key personnel and may need additional personnel for the success and growth of our business.
  • As a result of our international operations, we have foreign exchange risk.
  • If our product catalog database is stolen, misappropriated or damaged, or if a competitor is able to create a substantially similar catalog without infringing our rights, then we may lose an important competitive advantage.
  • Economic conditions have had, and may continue to have an adverse effect on the demand for aftermarket auto parts and could adversely affect our sales and operating results.
  • The seasonality of our business places increased strain on our operations.
  • Vehicle miles driven, vehicle accident rates and insurance companies’ willingness to accept a variety of types of replacement parts in the repair process have fluctuated and may decrease, which could result in a decline of our revenues and negatively affect our results of operations.
  • We will be required to collect and pay more sales taxes, and could become liable for other fees and penalties, which could have an adverse effect on our business.
  • Challenges by OEMs to the validity of the aftermarket auto parts industry and claims of intellectual property infringement could adversely affect our business and the viability of the aftermarket auto parts industry.
  • If we are unable to protect our intellectual property rights, our reputation and brand could be impaired and we could lose customers.
  • Existing or future government regulation could expose us to liabilities and costly changes in our business operations and could reduce customer demand for our products and services.
  • Increased public attention related to ESG matters may expose us to negative public perception and could result in additional costs on our business.
  • We depend on search engines and other online sources to attract visitors to our websites and marketplace channels, and if we are unable to attract these visitors and convert them into customers in a cost-effective manner, our business and results of operations will be harmed.
  • We rely on bandwidth and data center providers and other third parties to provide products to our customers, and any failure or interruption in the services provided by these third parties could disrupt our business and cause us to lose customers.
  • Security threats, such as ransomware attacks, to our IT infrastructure could expose us to liability, and damage our reputation and business.
  • Our e-commerce system is dependent on open-source software, which exposes us to uncertainty and potential liability.
  • System failures, including failures due to natural disasters or other catastrophic events, could prevent access to our websites, which could reduce our net sales and harm our reputation.
  • If we do not respond to technological change, our websites could become obsolete and our financial results and conditions could be adversely affected.
  • Our common stock price has been and may continue to be volatile, which may result in losses to our stockholders.
  • Our future operating results may fluctuate and may fail to meet market expectations.
  • Our charter documents could deter a takeover effort, which could inhibit your ability to receive an acquisition premium for your shares.
  • We do not intend to pay dividends on our common stock.
  • Future capital raises may dilute our existing stockholders’ ownership.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Good
New words: briefly, Committee, Fourteenth, incident, maximum, pocket, Restated, restating, SOFR, training, uncommitted
Removed: benchmark, disappear, establishing, exist, experiencing, implementing, lender, LIBOR, negotiate, renegotiate, revolver, scrutiny, stocking