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Jul 03, 2021
CarParts.com Q2 2021 Earnings Report
CarParts.com achieved record results in Q2 2021, driven by increased sales and strategic investments.
Key Takeaways
CarParts.com reported record second-quarter results with net sales increasing by 32% year-over-year to $157.5 million. Net income grew by 32% to $2.1 million, and adjusted EBITDA reached a record $8.3 million. The company also announced a $30 million stock repurchase plan.
Net sales increased by 32% year-over-year to $157.5 million.
Gross profit increased by 31% to $53.3 million, with a gross margin of 33.9%.
Net income increased to $2.1 million, or $0.04 per diluted share.
Adjusted EBITDA reached a record $8.3 million.
CarParts.com
CarParts.com
Forward Guidance
Management reiterates long term targets of 20-25% compounded revenue growth and 8-10% EBITDA margin.