CARPARTS.COM Reports Q2 FY2023 Earnings with USD 177.0 Million in Total Revenue, 0.4% YOY Increase

August 7, 2023

☀️Earnings Overview

On August 2, 2023, CARPARTS.COM ($NASDAQ:PRTS) announced their Q2 FY2023 earnings results, including total revenue of USD 177.0 million, representing a 0.4% year-on-year increase. Nevertheless, their net income decreased from USD 4.12 million in the previous year to USD -0.67 million.


GoodWhale has conducted a thorough analysis of CARPARTS.COM‘s financial and business wellbeing. After thorough review, it was determined that CARPARTS.COM is a low risk investment according to its Risk Rating in both financial and business aspects. However, GoodWhale has detected two risk warnings that have been issued in the income sheet and balance sheet. To access the full risk analysis, become a registered user on GoodWhale’s platform. Here you can get more information on CARPARTS.COM’s financial and business wellbeing, as well as other analyses of other companies. More…

  • Risk Rating Analysis
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  • About the Company

  • CARPARTS.COM_Reports_Q2_FY2023_Earnings_with_USD_177.0_Million_in_Total_Revenue_0.4_YOY_Increase”>Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for More…

    Total Revenues Net Income Net Margin
    671.8 -6.79 -1.0%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for More…

    Operations Investing Financing
    76.27 -9.35 -2.88
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for More…

    Total Assets Total Liabilities Book Value Per Share
    272.05 153.29 2.08
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    25.6% -60.1% -0.7%
    FCF Margin ROE ROA
    9.9% -2.4% -1.0%
  • Income Statement Ratios
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  • Other Supplementary Items

  • Peers Inc is an online retailer of aftermarket and OEM automotive parts and accessories. The company offers a wide range of products for all makes and models of cars, trucks, and SUVs. Inc competes with PARTS iD Inc, Advance Auto Parts Inc, Free Flow Inc, and other online and brick-and-mortar retailers of automotive parts and accessories.

    – PARTS iD Inc ($NYSEAM:ID)

    iD Inc is a market leader in providing innovative identification solutions. The company’s products are used in a variety of applications, including security, access control, time and attendance, event management, and asset tracking. iD Inc’s products are designed to meet the needs of businesses of all sizes and are backed by a team of experts who are dedicated to providing the highest level of customer service and support.

    – Advance Auto Parts Inc ($NYSE:AAP)

    Advance Auto Parts, Inc. operates as a retailer and distributor of automotive replacement parts and accessories in the United States, Puerto Rico, the Virgin Islands, and Canada. The company’s stores and branches offer a selection of brand name, original equipment manufacturer, and private label products. As of October 17, 2020, it operated 4,089 stores and 139 Worldpac branches. The company was founded in 1932 and is headquartered in Roanoke, Virginia.

    – Free Flow Inc ($OTCPK:FFLO)

    Flow Inc is a software company that specializes in providing solutions for managing and automating business processes. The company has a market cap of 12.92M as of 2022 and a return on equity of 121.08%. Flow Inc’s products are used by companies in a variety of industries, including healthcare, financial services, manufacturing, and retail. The company’s products are designed to help businesses automate and streamline their operations, improve efficiency, and reduce costs.


    CARPARTS.COM reported their Q2 FY2023 earnings results on August 2 2023, showing total revenue of USD 177.0 million, a 0.4% year-over-year increase.

    However, the company reported a net income of USD -0.67 million, compared to USD 4.12 million the previous year. This poor performance caused the stock price to drop the same day. Investors should take note that while revenue growth was present, it was not enough to offset the losses. As such, it would be wise for investors to carefully monitor CARPARTS.COM in the coming quarter and reassess whether or not to invest in their stock.

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