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Oct 02, 2021
CarParts.com Q3 2021 Earnings Report
CarParts.com reported record sales and maintained EBITDA profitability while investing in the business.
Key Takeaways
CarParts.com reported a 21% increase in net sales to $141.8 million, a gross profit increase of 10% to $47.3 million, and a net loss of $4.7 million or $0.09 per diluted share. The company maintained EBITDA profitability and grew inventory to a record $131.8 million.
Net sales increased 21% year over year to $141.8 million.
Gross profit increased 10% to $47.3 million, with gross margin of 33.4%.
Net loss was ($4.7) million or ($0.09) per diluted share.
Grew inventory to record $131.8 million.
CarParts.com
CarParts.com
Forward Guidance
Management reiterates long term targets of 20-25% compounded revenue growth and 8-10% EBITDA margin.