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Sep 30, 2023
CarParts.com Q3 2023 Earnings Report
CarParts.com reported its highest third quarter sales in company history, with a 1% year-over-year increase.
Key Takeaways
CarParts.com reported a 1% increase in net sales, reaching $166.9 million, marking the 15th consecutive quarter of year-over-year growth. Despite the revenue increase, the company experienced a net loss of $2.5 million, compared to a net loss of $0.9 million in the same quarter last year. The company launched a mobile app which generated over 70,000 downloads and $2 million in revenue.
Net sales increased to $166.9 million, up 1% year-over-year.
Gross profit decreased 2% to $54.8 million, with a gross margin of 32.9%.
Net loss was $2.5 million, compared to a net loss of $0.9 million year-over-year.
Cash of $66.7 million and no revolver debt.
Forward Guidance
No forward guidance was provided in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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