CarParts.com (NASDAQ:PRTS) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

CarParts.com (NASDAQ:PRTSGet Free Report) issued its earnings results on Tuesday. The specialty retailer reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06), Zacks reports. The company had revenue of $144.75 million during the quarter. CarParts.com had a negative net margin of 5.11% and a negative return on equity of 28.79%. CarParts.com updated its FY 2024 guidance to EPS.

CarParts.com Stock Performance

PRTS stock traded down $0.01 during mid-day trading on Friday, reaching $0.82. The company had a trading volume of 316,280 shares, compared to its average volume of 787,459. CarParts.com has a one year low of $0.68 and a one year high of $3.65. The stock has a market capitalization of $47.05 million, a P/E ratio of -1.51 and a beta of 2.06. The company has a quick ratio of 0.51, a current ratio of 1.67 and a debt-to-equity ratio of 0.10. The stock’s 50-day simple moving average is $0.84 and its two-hundred day simple moving average is $1.00.

Analyst Ratings Changes

PRTS has been the topic of several research reports. Lake Street Capital cut their price objective on CarParts.com from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Royal Bank of Canada decreased their price objective on shares of CarParts.com from $0.90 to $0.80 and set a “sector perform” rating for the company in a report on Wednesday. Finally, StockNews.com downgraded shares of CarParts.com from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

View Our Latest Analysis on CarParts.com

CarParts.com Company Profile

(Get Free Report)

CarParts.com, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories.

Further Reading

Earnings History for CarParts.com (NASDAQ:PRTS)

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