secwatch.observer — SEC 8-K summary
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Issuer:     CarParts.com, Inc. (PRTS)
CIK:        0001378950
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001378950-22-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CarParts.com Q1 sales record $166.1M (+15%), net income $2.1M vs loss, adj EBITDA record $9.4M
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- Net sales $166.1M, up 15% YoY; two-year stack growth 80%.
- Gross profit $61.2M (+24%); gross margin expanded 280 bps to 36.8%.
- Net income $2.1M ($0.04/diluted share) vs net loss ($2.7M) ($0.06/share) year ago.
- Adjusted EBITDA record $9.4M, up from $3.6M in Q1 2021.
- Cash $25.0M; $5.0M revolver debt used to fund inventory for DC expansions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378950/000137895022000024/0001378950-22-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378950/000137895022000024/prts-20220503x8k.htm
  HTML page:      https://secwatch.observer/filing/0001378950-22-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer