CarParts.com (NASDAQ:PRTS) Announces Earnings Results

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) posted its quarterly earnings results on Tuesday. The specialty retailer reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.04), Zacks reports. CarParts.com had a negative net margin of 8.67% and a negative return on equity of 55.04%.

CarParts.com Stock Performance

Shares of PRTS traded up $0.03 during midday trading on Tuesday, reaching $0.92. 1,144,663 shares of the stock were exchanged, compared to its average volume of 550,014. The business's 50-day moving average price is $0.82 and its 200 day moving average price is $0.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.35 and a quick ratio of 0.50. CarParts.com has a twelve month low of $0.68 and a twelve month high of $1.42. The company has a market capitalization of $53.75 million, a price-to-earnings ratio of -1.07 and a beta of 0.93.

Analysts Set New Price Targets

A number of analysts have weighed in on PRTS shares. Royal Bank Of Canada restated a "sector perform" rating and issued a $0.80 price target on shares of CarParts.com in a research note on Wednesday, May 14th. Wall Street Zen upgraded CarParts.com from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.

About CarParts.com

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.

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