Car part prices are heading higher [FOX Business Network]
CarParts.com, Inc. (PRTS)
Last carparts.com, inc. earnings: 3/9 04:16 pm
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Source: FOX Business Network
Auto part prices will continue to rise into year-end as cost pressures show no signs of abating, according to one industry executive. Higher costs for products, shipping containers and labor will result in auto part prices rising another 5% by year-end, CarParts CEO Lev Peker said. Prices have already increased about 5% to 7% this year. "Everything is back ordered," Peker told FOX Business. "Everything takes weeks or months. It's a very tight supply chain right now." Ticker Security Last Change Change % PRTS CARPARTS.COM Powered By He added that the whole process of moving product through the supply chain takes two months longer now than before the pandemic. The industry, like many others, has grappled with a shortage of containers and cargo ships which has expanded shipping times. Once the ships arrive at port they face another delay due to slow unloading times caused by a labor shortage. Then, a shortage of delivery truck drivers adds to wait times. All of
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News
- CarParts.com Sets First Quarter 2024 Conference Call for Tuesday, May 7, 2024 [Yahoo! Finance]Yahoo! Finance
- CarParts.com Sets First Quarter 2024 Conference Call for Tuesday, May 7, 2024PR Newswire
- CarParts.com Co-founder Advocates for Board Intervention to Halt Business Decline and Restore Profitability (PRTS) [Yahoo! Finance]Yahoo! Finance
- INVESTIGATION NOTICE: Kaskela Law LLC Announces Shareholder Investigation of CarParts.com, Inc. (NASDAQ: PRTS) and Encourages Investors to Contact the FirmGlobeNewswire
- CarParts.com, Inc. Adopts Tax Benefits Preservation Plan [Yahoo! Finance]Yahoo! Finance
PRTS
Earnings
- 3/7/24 - Miss
PRTS
Sec Filings
- 4/12/24 - Form PRE
- 4/8/24 - Form 4
- 4/5/24 - Form 8-A12B
- PRTS's page on the SEC website