CarParts.com (PRTS) Scheduled to Post Earnings on Tuesday

CarParts.com (NASDAQ:PRTS) is set to announce its earnings results after the market closes on Tuesday, October 29th. CarParts.com has set its FY 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

CarParts.com (NASDAQ:PRTS) last released its earnings results on Tuesday, July 30th. The specialty retailer reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.05). CarParts.com had a negative net margin of 3.75% and a negative return on equity of 21.44%. The firm had revenue of $144.27 million during the quarter. During the same quarter in the previous year, the business posted ($0.01) EPS.

CarParts.com Stock Up 1.5 %

Shares of PRTS opened at $0.78 on Tuesday. The stock has a 50 day moving average price of $0.85 and a 200 day moving average price of $1.04. CarParts.com has a one year low of $0.72 and a one year high of $3.65. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.51 and a current ratio of 1.67. The stock has a market capitalization of $43.99 million, a price-to-earnings ratio of -2.87 and a beta of 2.06.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PRTS shares. Lake Street Capital reduced their target price on shares of CarParts.com from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Royal Bank of Canada restated a “sector perform” rating and set a $1.30 target price (down from $2.00) on shares of CarParts.com in a report on Wednesday, July 31st. Finally, StockNews.com cut CarParts.com from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $2.33.

CarParts.com Company Profile

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.