CarParts.com (NASDAQ:PRTS) Posts Earnings Results, Misses Estimates By $0.04 EPS

Key Points

• CarParts.com reported a quarterly earnings per share of ($0.23), missing analysts' estimates of ($0.19) by ($0.04).
• The company has a negative net margin of 8.67% and a negative return on equity of 55.04%.
• Analysts from the Royal Bank of Canada set a $0.80 price target while Wall Street Zen upgraded the stock from a "sell" to a "hold" rating.

CarParts.com (NASDAQ:PRTS - Get Free Report) released its quarterly earnings results on Tuesday. The specialty retailer reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.04), Zacks reports. The firm had revenue of $151.95 million for the quarter, compared to analysts' expectations of $153.46 million. CarParts.com had a negative return on equity of 67.30% and a negative net margin of 9.25%.

CarParts.com Price Performance

Shares of CarParts.com stock traded down $0.02 during trading on Friday, reaching $0.74. The company's stock had a trading volume of 1,011,578 shares, compared to its average volume of 602,175. The company has a quick ratio of 0.38, a current ratio of 1.47 and a debt-to-equity ratio of 0.28. CarParts.com has a 12-month low of $0.68 and a 12-month high of $1.42. The company has a market capitalization of $43.43 million, a P/E ratio of -0.78 and a beta of 0.93. The business has a 50 day moving average price of $0.81 and a 200-day moving average price of $0.90.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PRTS. Wall Street Zen upgraded CarParts.com from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada dropped their price target on CarParts.com from $0.80 to $0.70 and set a "sector perform" rating on the stock in a research note on Wednesday.

Institutional Trading of CarParts.com

An institutional investor recently bought a new position in CarParts.com stock. Jane Street Group LLC purchased a new position in CarParts.com, Inc. (NASDAQ:PRTS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 34,224 shares of the specialty retailer's stock, valued at approximately $25,000. Jane Street Group LLC owned about 0.06% of CarParts.com as of its most recent SEC filing. 75.30% of the stock is currently owned by institutional investors.

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.