NASDAQ$PRTS

CarPartscom Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

U.S. Auto Parts reported record sales, with significant growth in private label sales and improved profitability.

U.S. Auto Parts reported record net sales for Q1 2020, driven by a substantial increase in private label sales. The company's gross profit and adjusted EBITDA also saw significant improvements compared to the year-ago quarter, despite a net loss.

  • Net sales increased by 18% to a record $87.8 million.
  • Private label sales increased by 42%.
  • Gross profit increased by 48% to $29.8 million, with gross margin up to 33.9%.
  • Net loss improved to $(1.0) million or $(0.03) per share.

Headline financials

Total Revenue

$87.8M

Previous: $74.7M+17.5%
EPS (adj)

-$0.03

Previous: -$0.10+70.0%
Gross Margin

33.9%

No prior period
Adjusted EBITDA

$4.3M

Previous: -$100K+4400.0%
Capital Expenditures

-$2.05M

Previous: -$1.59M-29.2%
Free Cash Flow

-$3.03M

Previous: -$5.17M+41.4%
Net Income

-$978K

Previous: -$3.58M+72.7%
Operating Income

-$353K

Previous: -$3.45M+89.8%
Gross Profit

$29.8M

Previous: $20.1M+47.9%
Cash & Equivalents

$14.1M

Previous: $4.84M+192.6%
Total Assets

$113M

Previous: $108M+4.2%

Revenue & EPS history

CarParts.com · Revenue · Quarterly

$87.8M

Q1 2020+17.5%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The company is on pace to generate strong sales and adjusted EBITDA growth in the second quarter.

Tailwinds

  • Net sales are up more than 40% through the first five weeks of Q2.
  • Higher-margin e-commerce business is significantly outpacing marketplace business.
  • Company is well-positioned to operate in the new environment.
  • Turnaround strategy is working.
  • Actions taken last year to create a lean and efficient operating model have dramatically improved profitability.

Headwinds

  • Miles driven are down 50% across the nation.
  • COVID-19 environment introduces uncertainty.
  • Increase in operating expenses due to marketing spend.
  • Increase in operating expenses due to expenses from the new Las Vegas distribution center.
  • Net loss of $(1.0) million for the quarter.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+11.0%

Avg return

Earnings day

+16.1%

Avg return

5 days after

+13.7%

Avg return

30 days after

39%

25 / 64 earnings

Positive

+823.1%

Q1 2026

Best reaction

-27.6%

Q3 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+823.1%+702.2%+549.5%
Q4 2025-2.6%+0.0%+5.2%
Q3 2025-11.7%-14.3%-31.7%
Q1 2025-12.5%-6.6%-11.0%
Q4 2024-2.0%-2.0%-2.9%
Q3 2024+9.2%+9.2%+34.2%
Q2 2024-18.5%-23.4%-33.1%
Q1 2024-5.8%-13.3%-12.5%
Q4 2023-18.5%-25.2%-34.0%
Q3 2023-17.7%-9.0%-8.7%
Q2 2023-11.0%-10.6%-3.8%
Q1 2023-9.7%-3.4%-9.5%
Q4 2022-1.7%-9.0%-21.9%
Q3 2022+14.5%+19.8%+47.0%
Q2 2022+5.7%+3.7%-21.2%
Q1 2022+31.5%+19.9%+23.7%
Q4 2021+1.2%-5.0%-20.0%
Q3 2021-1.2%+3.2%-18.5%
Q2 2021+16.2%+10.6%+1.6%
Q1 2021+5.9%+1.3%+15.0%
Q4 2020-0.4%-4.0%-6.1%
Q3 2020-27.4%-19.6%+1.4%
Q2 2020+15.3%+18.7%-13.6%
Q1 2020+15.5%+34.5%+109.2%
Q4 2019+9.9%-4.9%-26.3%
Q3 2019+13.9%+9.6%+34.9%
Q2 2019+0.0%+10.9%+36.4%
Q1 2019-3.1%+0.0%+7.0%
Q4 2018-3.8%-1.9%-1.0%
Q3 2018-8.5%-12.7%-24.6%
Q2 2018-15.4%-9.6%+9.6%
Q1 2018-8.6%-18.4%-13.5%
Q4 2017+12.3%+6.2%+0.0%
Q3 2017+6.7%+2.5%-0.8%
Q2 2017-4.3%-1.4%+5.1%
Q1 2017+0.8%-20.3%-16.7%
Q4 2016-3.6%-7.5%-1.5%
Q3 2016-8.1%-8.8%-7.8%
Q2 2016+3.4%+4.4%-5.7%
Q1 2016-3.9%
Q4 2015+9.0%
Q3 2015+19.5%
Q2 2015-1.7%
Q1 2015+1.7%
Q4 2014-9.2%
Q3 2014-4.9%
Q2 2014-7.9%
Q1 2014+2.0%
Q4 2013+3.6%
Q3 2013+13.0%
Q2 2013-12.4%
Q1 2013-0.7%
Q4 2012-15.0%
Q3 2012-14.9%
Q2 2012-11.7%
Q1 2012+0.0%
Q4 2010+3.1%
Q4 2011+3.1%
Q3 2011-27.6%
Q1 2011-13.1%
Q2 2011-13.1%
Q3 2010-8.1%
Q2 2010+5.2%
Q1 2010+0.0%

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