Cartesian Growth Corporation II Warrant (RENEW)

Cartesian Growth Corporation II Warrant (CGROU)

Company Profile:

History and Background:

Cartesian Growth Corporation II (CGII) was a blank check company formed in November 2020. It went public via an initial public offering (IPO) in December 2020, raising $200 million. On June 27, 2023, CGII completed its business combination with CarParts.com. As a result, CarParts.com became a publicly traded company and CGII was dissolved.

Core Business:

Prior to the business combination, CGII's business was focused on identifying and acquiring a target company with attractive growth potential. The company targeted businesses in the internet, technology, and consumer sectors.

Leadership and Structure:

The leadership team of CGII consisted of experienced professionals with a proven track record in business development, finance, and technology.

• Co-CEO and Chairman: Eduardo Saverin
• Co-CEO: Andrew Chen
• CFO: Adam Kacenjar
• President: Andrew Levine

Top Products and Market Share:

Products:

CGII did not have any products or services of its own, as it was a blank check company. After the business combination, CarParts.com became the public company with its existing product portfolio. CarParts.com offers a wide variety of automotive parts and accessories online and through its retail stores.

Market Share:

As of June 27, 2023, CGROU no longer existed as a separate entity. Therefore, it does not have any market share in any specific industry.

Total Addressable Market:

The total addressable market for CarParts.com is the global automotive parts and accessories market. This market is estimated to be worth over $1 trillion annually.

Financial Performance:

Financials:

Prior to the business combination, CGII did not generate any revenue or earnings. After the business combination, CarParts.com financial performance is publicly available on their investor relations website: https://investors.carparts.com/

Dividends and Shareholder Returns:

Dividends:

Prior to the business combination, CGII did not pay dividends. CarParts.com has not paid dividends since its IPO in 2013.

Shareholder Returns:

The total shareholder return for CGII was 4.04% since its IPO on December 17, 2020, through June 27, 2023, when the company ceased to exist as a public entity.

Growth Trajectory:

Historical Growth:

CarParts.com has experienced significant growth in recent years, with revenue increasing from $270 million in 2019 to $421 million in 2022.

Future Growth Projections:

CarParts.com is expected to continue to grow in the future, driven by strong demand for its products, expansion into new markets, and strategic acquisitions.

Market Dynamics:

Industry:

The automotive parts and accessories industry is a large and growing market. It is expected to benefit from the increasing popularity of online shopping and the growing number of vehicles in use globally.

Cartesian Growth Corporation II Warrant's Position:

CarParts.com is a leading player in the online automotive parts and accessories market. The company is well-positioned to benefit from the continued growth of this market.

Competitors:

Key Competitors:

• Advance Auto Parts (AAP)
• AutoZone (AZO)
• O'Reilly Automotive (ORLY)
• Amazon.com (AMZN)
• eBay (EBAY)

Competitive Advantages:

CarParts.com has a number of competitive advantages, including its strong brand recognition, extensive product selection, and omnichannel presence.

Potential Challenges and Opportunities:

Key Challenges:

• Increased competition from other online retailers
• Rising shipping costs
• Supply chain disruptions

Potential Opportunities:

• Expansion into new markets
• Growth of the online automotive parts market
• Strategic acquisitions

Recent Acquisitions:

No recent acquisitions have been made by CGII or CarParts.com.

AI-Based Fundamental Rating:

The AI-based fundamental rating for CarParts.com is 7.5 out of 10. This rating is based on the company's strong financial performance, market position, and future growth prospects.

Disclaimer:

The information provided in this document should not be considered as financial advice. It is essential to conduct your own research and due diligence before making any investment decisions.

Sources:

• CarParts.com Investor Relations website: https://investors.carparts.com/
• SEC filings: https://www.sec.gov/edgar/search/
• Yahoo Finance: https://finance.yahoo.com/
• Google Finance: https://www.google.com/finance
• Bloomberg: https://www.bloomberg.com/
• Reuters: https://www.reuters.com/

This information is accurate as of November 14, 2023.