CarParts.com, Inc.
For the period ended Dec 28, 2024. Filed Mar 26, 2025.
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FY2024 · Filed Mar 26, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
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|---|---|---|---|---|
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| | | PART I | | 1 |
| | | | | |
| Item 1. | | Business | | 1 |
| Item 1A. | | Risk Factors | | 6 |
| Item 1B. | | Unresolved Staff Comments | | 30 |
| Item 1C. | | Cybersecurity | | 30 |
| Item 2. | | Properties | | 31 |
| Item 3. | | Legal Proceedings | | 31 |
| Item 4. | | Mine Safety Disclosures | | 31 |
| | | | | |
| | | PART II | | 32 |
| | | | | |
| Item 5. | | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | | 32 |
| Item 6. | | [Reserved] | | 32 |
| Item 7. | | Management’s Discussion and Analysis of Financial Condition and Results of Operations | | 32 |
| Item 7A. | | Quantitative and Qualitative Disclosures About Market Risk | | 41 |
| Item 8. | | Financial Statements and Supplementary Data | | 41 |
| Item 9. | | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure | | 41 |
| Item 9A. | | Controls and Procedures | | 41 |
| Item 9B. | | Other Information | | 42 |
| Item 9C. | | Disclosure Regarding Foreign Jurisdictions That Prevent Inspections | | 42 |
| | | | | |
| | | PART III | | 43 |
| | | | | |
| Item 10. | | Directors, Executive Officers and Corporate Governance | | 43 |
| Item 11. | | Executive Compensation | | 43 |
| Item 12. | | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | | 43 |
| Item 13. | | Certain Relationships and Related Transactions, and Director Independence | | 43 |
| Item 14. | | Principal Accounting Fees and Services | | 44 |
| | | | | |
| | | PART IV | | 45 |
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| Item 15. | | Exhibits and Financial Statement Schedules | | 45 |
Unless the context requires otherwise, as used in this report, the terms “CarParts.com,” the “Company,” “we,” “us” and “our” refer to CarParts.com, Inc. and its subsidiaries. Unless otherwise stated, all amounts are presented in thousands.
Carparts.com®, Kool-Vue®, JC Whitney®, Evan Fischer®, SureStop®, TrueDrive®, DriveWire™, and DriveMotive™, amongst others, are our current and pending trademarks in the United States. All other trademarks and trade names appearing in this report are the property of their respective owners.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
The statements included in this report, other than statements or characterizations of historical or current fact, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and we intend that such forward-looking statements be subject to the safe harbors created thereby. Any forward-looking statements included herein are based on management’s beliefs and assumptions and on information currently available to management. We have attempted to identify forward-looking statements by terms such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “should,” “will,” “would,” “will likely continue,” “will likely result” and variations of these words or similar expressions. These forward-looking statements include, but are not limited to, statements regarding future events, our future operating and financial results, financial expectations, expected growth and strategies, current business indicators, capital needs, financing plans, capital deployment, liquidity, contracts, litigation, product offerings, customers, acquisitions, competition and the status of our facilities. Forward-looking statements, no matter where they occur in this document or in other statements attributable to the Company involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. We discuss many of these risks in greater detail under the heading “Risk Factors” in Part I, Item 1A of this report. Given these uncertainties, you should not place undue reliance on these forward-looking statements. You should read this report and the documents that we reference in this report and have filed as exhibits to the report completely and with the understanding that our actual future results may be materially different from what we expect. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date of this report. Except as required by law, we assume no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.