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August 5 , 2021 @ carparts.com INVESTORS CarParts.com Reports Record Second Quarter 2021 Results Record Quarterly Sales of $ 157.5 million , up 32 % 6th Consecutive Quarter of Year over Year Sales Growth Net Income Growth of 32 % to $ 2.1 million and Record Adjusted EBITDA of $ 8.3 million carparts.com TORRANCE , Calif . , Aug. 5 , 2021 / PRNewswire / -- CarParts.com , Inc. ( NASDAQ : PRTS ) , one of the leading e - commerce providers of automotive parts and accessories , is reporting results for the second quarter ended July 3 , 2021 . Second Quarter 2021 Summary vs. Year - Ago Quarter • Net sales increased 32 % year over year to $ 157.5 million • Gross profit increased 31 % to $ 53.3 million , with gross margin down 40 basis points to 33.9 % driven in part to continued pressure from inbound and outbound freight as well as a shift in mix in branded products , which typically carry a higher selling price but lower gross margin percentage . income was $ 2.1 million or $ 0.04 per diluted share , compared to net income $ 1.6 million or $ 0.03 per diluted share . • Record Adjusted EBITDA of $ 8.3 million vs. $ 5.6 million . Announced $ 30 million in stock repurchase plan . • Management reiterates long term targets of 20-25 % compounded revenue growth and 8-10 % EBITDA margin . Management Commentary " We saw another record - breaking quarter with revenues of $ 157.5 million , " said Lev Peker ,