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Jul 02, 2022
CarParts.com Q2 2022 Earnings Report
CarParts.com reported record results driven by strong demand and expanded capacity.
Key Takeaways
CarParts.com reported a record second quarter with net sales increasing by 12% year over year to $176.2 million. Gross profit increased 16% to $61.9 million, and net income was $4.1 million, or $0.07 per diluted share. The company also entered into an amended and restated $75 million credit facility.
Net sales increased 12% year over year to $176.2 million.
Gross profit increased 16% to $61.9 million, with gross margin increasing 120 basis points to 35.1%.
Net income was $4.1 million or $0.07 per diluted share.
Adjusted EBITDA was $8.3 million.
Forward Guidance
The company projects double-digit year-over-year growth for net revenues in the back half of 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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