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The auto industry has had its share of problems over the last decade and needs yet another reboot. During that time, carparts.com Inc., (NASDAQ:PRTS) has become a force to reckon with, when it comes to parts and accessories. They’ve grown to become one of the leading e-commerce providers of auto industry after-market parts—and a one-stop shop for vehicle repair and maintenance needs. With 1500 employees and revenue over $660 million last year, up 14% year over year (YOY), the company saw a strong Q1 23—reporting net sales increase of 6% YOY to $175.5 million vs year ago, and an increase of 20% on a two year stack.
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The auto industry has had its share of problems over the last decade and needs yet another reboot. During that time, carparts.com Inc., (NASDAQ:PRTS) has become a force to reckon with, when it comes to parts and accessories. They’ve grown to become one of the leading e-commerce providers of auto industry after-market parts—and a one-stop shop for vehicle repair and maintenance needs. With 1500 employees and revenue over $660 million last year, up 14% year over year (YOY), the company saw a strong Q1 23—reporting net sales increase of 6% YOY to $175.5 million vs year ago, and an increase of 20% on a two year stack.
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