CarParts.com, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year 2021
January 06, 2022 at 04:01 pm EST
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CarParts.com, Inc. provided revenue guidance for the fourth quarter and full year 2021. For the year, the company expects to report fiscal year 2021 revenue of approximately $582 million, up 31% versus fiscal year 2020 and up 33% excluding an extra week in 2020.
The company expects to report fourth quarter 2021 revenue of approximately $138 million, up 15% versus the fourth quarter of 2020 and up 23% excluding an extra week in 2020.
CarParts.com, Inc. is a technology-driven e-commerce company. It serves as an end-to-end solution for automotive repair and maintenance resources. It principally sells its products, identified as stock keeping units, to individual consumers through its Website, www.carparts.com, and online marketplaces. It has classified its products into three subcategories by function: replacement parts, hard parts, and performance parts and accessories. The replacement parts category is primarily comprised of parts for the exterior of an automobile. Parts in this category are typically replacement parts for original body parts that have been damaged as a result of a collision or through general wear and tear. The hard parts category is comprised of engine and chassis components, as well as other mechanical and electrical parts. These parts serve as replacement parts for existing engine parts. It offers performance versions of many parts, including parts from one of its own house brands, JC Whitney.
CARPARTS.COM, INC. 
