CarParts.com Reports Record Third Quarter 2020 Results
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UPDATE: CarParts.com, Inc. (PRTS) Tops Q3 EPS by 3c, Revenues Beat
November 9, 2020 8:06 AM EST(Updated - November 10, 2020 9:14 AM EST)
(Update corrects company name)
CarParts.com, Inc. (NASDAQ: PRTS) reported Q3 EPS of $0.03, $0.03 better than the analyst estimate of $0.00. Revenue for the quarter came in at $117.4 million versus the consensus estimate of $91.78 million.
Q3 2020 Highlights vs. Q3 2019
Net sales increased 69% to $117.4 million compared to $69.3 million.Gross profit more than doubled to a company record $43.1 million compared to $21.1 million.Gross margin expanded 620 basis points to a company record 36.7% compared to 30.5%.Net income improved significantly to $1.4 million or $0.03 per diluted share,... More