NASDAQ$PRTS

CarPartscom Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

CarParts.com achieved record results driven by significant e-commerce sales growth and margin expansion

CarParts.com reported a strong Q3 2020 with net sales increasing by 69% to $117.4 million and gross profit more than doubling to $43.1 million. Net income significantly improved to $1.4 million, and the company successfully completed a public equity offering of $60.5 million.

  • Net sales increased 69% year-over-year to $117.4 million.
  • Gross profit more than doubled to a record $43.1 million.
  • Gross margin expanded 620 basis points to 36.7%.
  • Net income improved significantly to $1.4 million or $0.03 per diluted share.

Headline financials

Total Revenue

$117M

Previous: $69.3M+69.5%
EPS (adj)

$0.03

Previous: -$0.04+175.0%
Gross Margin

36.7%

Previous: 30.5%+20.3%
Adjusted EBITDA

$5.1M

Previous: $1.3M+292.3%
Capital Expenditures

-$6.94M

Previous: -$4.69M-48.0%
Free Cash Flow

-$5.55M

Previous: -$6.11M+9.1%
Net Income

$1.39M

Previous: -$1.42M+197.3%
Operating Income

$1.73M

Previous: -$1.46M+218.8%
Gross Profit

$43.1M

Previous: $21.1M+103.9%
Cash & Equivalents

$59M

No prior period
Total Assets

$193M

Previous: $106M+82.7%
Stock-Based Comp

$1.61M

No prior period

Revenue & EPS history

CarParts.com · Revenue · Quarterly

$117M

Q3 2020+69.5%vs Q3 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

The company will work to further optimize both back-end and customer-facing operations, expand inventory and fulfillment network capabilities, and remain financially disciplined when deploying capital.

Tailwinds

  • Optimize back-end operations
  • Optimize customer-facing operations
  • Expand inventory
  • Expand fulfillment network capabilities
  • Remain financially disciplined when deploying capital

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 Q3 2020

Historical avgQ3 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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