This online parts retailer is well positioned for today’s economy.
They had a blowout quarter as sales rose 29% versus Q3 of 2008 to $47 million. The company’s flagship Web sites (www.autopartswarehouse.com and
www.partstrain.com) saw 27.1 million visitors and they grew their conversion rate to 1.43%, an increase of over 13%. Their average order size was $118 and the cost of acquiring a customer increased to $7.28.
Importantly, they increased top line revenue sequentially in Q3 over Q2 which is the strongest quarter seasonally. According to Shane Evangelist, Chief Executive Officer, “Looking forward, we expect favorable macro DIY market trends and Internet penetration of the DIY market to continue.”
It is nice to see a parts retailer doing well in today’s economy.