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Oct 01, 2022
CarParts.com Q3 2022 Earnings Report
CarParts.com reported record results with sales up 16% and gross profit increased by 19% year over year.
Key Takeaways
CarParts.com reported a record third quarter with net sales increasing by 16% year-over-year to $164.8 million and gross profit increasing by 19% to $56.1 million. The company's net loss was ($0.9) million, and adjusted EBITDA was $6.3 million.
Net sales increased 16% year over year to $164.8 million.
Gross profit increased 19% to $56.1 million, with gross margin increasing 70 basis points to 34.1%.
Net loss was ($0.9) million or ($0.02) per diluted share.
Adjusted EBITDA of $6.3 million.
CarParts.com
CarParts.com
Forward Guidance
Company did not provide any forward guidance in the earnings report.