CarParts.com, Inc. (PRTS)

Overview

CarParts.com, Inc. is a prominent online provider of aftermarket auto parts and accessories, operating primarily in the United States and the Philippines. Initially known as U.S. Auto Parts Network, Inc., the company underwent a rebranding to CarParts.com, Inc. in July 2020, signaling a sharper focus on its core offerings. Founded in 1995 and based out of Torrance, California, CarParts.com has established itself as a significant player in the online auto parts sector. Through its advanced e-commerce platform, including a flagship website and app, CarParts.com caters to a wide range of customer needs. These range from DIY enthusiasts to professional service providers, ensuring a broad inventory that spans replacement parts, performance accessories, and mechanical or electrical components.

Products and Services

CarParts.com, Inc. provides a comprehensive array of products and services catering to various automotive needs. These offerings include:

• Replacement Parts: This category encompasses a wide range of parts required for the exterior of an automobile, positioning CarParts.com as a go-to source for consumers looking to repair or enhance their vehicle’s external appearance.
• Mirror Products: Specifically focused on the vehicle's visibility and appearance, these products include a variety of mirror types for all makes and models, ensuring drivers have clear visibility and their vehicles remain aesthetically pleasing.
• Engine and Chassis Components: Essential for the optimal performance and longevity of a vehicle, this segment offers everything from basic engine components to comprehensive chassis parts, catering to the mechanical needs of automobiles.
• Mechanical and Electrical Parts: CarParts.com supplies a broad spectrum of mechanical and electrical parts, underlining its commitment to being a one-stop-shop for any automotive repair or upgrade needs, encompassing everything from basic wiring to complex mechanical systems.
• Performance Parts and Accessories: For automotive enthusiasts looking to enhance their vehicle’s performance or appearance, CarParts.com offers a variety of performance parts and accessories, enabling customization and upgrades tailored to specific desires and requirements.

These products are distributed through an efficient, user-friendly online platform that includes CarParts.com's website and app, as well as through partnerships with online marketplaces and auto parts wholesale distributors. This multi-channel approach ensures accessibility and convenience for individual customers, regardless of their specific auto parts needs.