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Why CarParts.com Stock Popped More Than 11% Today

Why CarParts.com Stock Popped More Than 11% Today

In part, this is a continuation of the momentum CarParts stock has enjoyed since reporting record sales and gross profit on Monday. Calling CarParts' second-quarter earnings report "strong" would be an understatement, said Craig-Hallum. Sales increased 61% year over year in the quarter, gross profit margin exploded 480 basis points higher, and thanks to the $0.03-a-share profit, CarParts has now turned itself into a profitable operation.