CarParts.com Reports Record Fourth Quarter and Full Year 2020 Results
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CarParts.com (PRTS) Reports Q4 Revenues Beat
March 8, 2021 4:05 PM ESTCarParts.com (NASDAQ: PRTS) reported Q4 revenue for the quarter came in at $119.73 million versus the consensus estimate of $91.97 million.
Fourth Quarter 2020 Financial Results
Net sales in the fourth quarter of 2020 were $119.7 million compared to $63.0 million in the year-ago quarter. The growth in sales was primarily driven by increased revenue growth from our flagship website, CarParts.com.Gross profit in the fourth quarter increased 97% to $41.6 million compared to $21.2 million last year, with gross margin up 110 bps to 34.8% compared to 33.7%. These improvements were driven by strong growth in house brands sales,... More