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Jun 27, 2020
CarParts.com Q2 2020 Earnings Report
CarParts.com reported record sales and gross profit.
Key Takeaways
CarParts.com reported a strong second quarter with record sales of $118.9 million, a 61% increase year-over-year, and a significant improvement in net income to $1.6 million, or $0.03 per diluted share.
Net sales increased by 61% to a record $118.9 million.
Gross profit increased by 88% to a record $40.8 million.
Gross margin increased by 480 basis points to 34.3%.
Net income improved significantly to $1.6 million or $0.03 per diluted share.
Forward Guidance
No forward guidance was provided in the release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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