A Brief History of CarParts.com, Inc. (PRTS)

CarParts.com, Inc. (formerly U.S. Auto Parts Network, Inc.) is an online provider of automotive aftermarket parts and accessories. The company was founded in 1995 by Sol Khazani and Mehran Nia. It started as a small business selling automotive parts and accessories through mail order catalogs and later expanded its operations to include online sales.

Over the years, CarParts.com grew rapidly and established itself as a leading player in the e-commerce automotive aftermarket industry. In 2007, the company went public and began trading on the NASDAQ under the ticker symbol PRTS.

• 2019: The company rebranded itself as CarParts.com, Inc. to better reflect its core business of selling car parts online.
• 2020: CarParts.com experienced a surge in demand for its products as more consumers turned to online shopping during the COVID-19 pandemic.
• 2021: The company continued to expand its product offerings and improve its customer experience through investments in technology and infrastructure.

Who Owns CarParts.com, Inc. (PRTS)

CarParts.com, Inc. (PRTS) is a leading online provider of automotive aftermarket parts and accessories. The company was founded in 1995 and has since grown to become a trusted source for car owners and auto enthusiasts looking for high-quality products at affordable prices.

As of the latest reports, Edward R. Kiewel is the current CEO and President of CarParts.com. Kiewel has been with the company since 2006 and has played a key role in its growth and success over the years. Under his leadership, CarParts.com has expanded its product offerings, improved its customer service, and increased its market presence.

CarParts.com, Inc. is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol PRTS. This means that the company is owned by its shareholders, who have the opportunity to buy and sell shares of CarParts.com on the open market.

Some of the major institutional investors who own shares of CarParts.com include Vanguard Group, BlackRock Inc., and Dimensional Fund Advisors. These institutional investors manage large portfolios of assets and invest in companies that they believe have strong growth potential.

In addition to institutional investors, individual investors also own shares of CarParts.com. These individual investors may include retail traders, experienced investors, and employees of the company who hold stock options or other incentives.

• CEO and President: Edward R. Kiewel
• Main institutional investors: Vanguard Group, BlackRock Inc., Dimensional Fund Advisors

CarParts.com, Inc. (PRTS) Mission Statement

At CarParts.com, Inc., our mission is to provide high-quality auto parts at affordable prices, making car maintenance and repairs accessible to everyone. We are committed to offering a wide selection of parts for all makes and models, ensuring that our customers can find everything they need in one place.

We strive to deliver exceptional customer service and support to help our customers get back on the road quickly and safely. Our team is dedicated to providing accurate information, fast shipping, and easy returns to ensure a hassle-free shopping experience.

CarParts.com, Inc. is driven by a passion for helping car owners maintain and improve their vehicles. We are constantly expanding our product offerings and improving our services to meet the evolving needs of our customers in the ever-changing automotive industry.

• Provide high-quality auto parts at affordable prices
• Offer a wide selection of parts for all makes and models
• Deliver exceptional customer service and support
• Provide accurate information, fast shipping, and easy returns
• Constantly expand our product offerings and improve our services

How CarParts.com, Inc. (PRTS) Works

CarParts.com, Inc. is an online retailer of automotive parts and accessories. The company operates a website where customers can browse and purchase a wide variety of car parts for virtually any make and model of vehicle.

Here is how CarParts.com, Inc. works:

• Website: The company's website is the primary platform for customers to shop for car parts. The site is user-friendly and allows customers to easily search for specific parts by entering their vehicle's year, make, and model.
• Product Selection: CarParts.com, Inc. offers a vast selection of car parts, ranging from essential components like brakes and engine parts to accessories like floor mats and seat covers.
• Quality Assurance: The company ensures the quality of its products by partnering with reputable manufacturers and brands. This helps to build trust with customers who can rely on the parts they purchase.
• Customer Service: CarParts.com, Inc. provides excellent customer service to assist shoppers with any questions or concerns they may have. This includes a customer support team that can be reached via phone, email, or live chat.
• Fast Shipping: The company offers fast shipping options to ensure that customers receive their orders promptly. This is especially important for customers who need their car parts quickly to make repairs or upgrades.
• Easy Returns: If a customer is not satisfied with their purchase, CarParts.com, Inc. offers easy returns and exchanges. This helps to reassure customers that they can shop with confidence.

How CarParts.com, Inc. (PRTS) Makes Money

CarParts.com, Inc. (PRTS) is an e-commerce company that specializes in selling automotive parts and accessories online. The company generates revenue through various channels:

• Online Sales: The primary source of revenue for CarParts.com is through online sales of automotive parts and accessories. Customers visit the company's website, browse through a wide selection of products, and make purchases directly through the platform.
• Marketplace Fees: CarParts.com also allows third-party sellers to list their products on its platform in exchange for a fee. This marketplace model enables the company to expand its product offerings without holding inventory and generates additional revenue through commissions.
• Advertising and Promotions: The company earns revenue through advertising and promotional activities on its website. Automotive manufacturers and other related businesses pay CarParts.com to promote their products and services to the platform's customers.
• Shipping Fees: CarParts.com charges shipping fees on orders to cover the cost of fulfillment and delivery. These fees contribute to the company's overall revenue stream.
• Membership Programs: The company offers membership programs that provide customers with exclusive benefits, such as free shipping, discounts, and early access to sales. Membership fees contribute to the company's recurring revenue.