secwatch.observer — SEC 8-K summary
======================================

Issuer:     CarParts.com, Inc. (PRTS)
CIK:        0001378950
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001378950-22-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CarParts.com Q2 net sales $176.2M (+12% YoY); net income $4.1M
--------------------------------------------------------------

- Net sales $176.2M, +12% YoY; 10th consecutive quarter of YoY sales growth.
- Net income $4.1M ($0.07 diluted EPS) vs $2.1M ($0.04) YoY; Adjusted EBITDA flat at $8.3M.
- Gross profit $61.9M (+16%); gross margin 35.1%, +120 bps YoY.
- Cash $15.2M, no revolver debt; new $75M credit facility (undrawn) with accordion to $150M.
- Guidance: double-digit net revenue growth in H2 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378950/000137895022000036/0001378950-22-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378950/000137895022000036/prts-20220802x8k.htm
  HTML page:      https://secwatch.observer/filing/0001378950-22-000036

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