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CarParts.com (NASDAQ:PRTS) Releases Earnings Results, Misses Expectations By $0.08 EPS

CarParts.com logo with Auto/Tires/Trucks background
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CarParts.com (NASDAQ:PRTS - Get Free Report) issued its earnings results on Tuesday. The specialty retailer reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.08), Zacks reports. The firm had revenue of $588.85 million during the quarter, compared to analyst estimates of $141.22 million. CarParts.com had a negative net margin of 5.11% and a negative return on equity of 29.57%.

CarParts.com Stock Performance

Shares of CarParts.com stock traded down $0.13 during trading hours on Friday, hitting $0.91. 1,117,332 shares of the company were exchanged, compared to its average volume of 721,899. The stock has a market capitalization of $52.24 million, a price-to-earnings ratio of -1.69 and a beta of 2.11. The company has a current ratio of 1.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.10. CarParts.com has a 1 year low of $0.68 and a 1 year high of $1.66. The business has a 50-day moving average of $1.09 and a 200-day moving average of $1.00.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PRTS. StockNews.com lowered CarParts.com from a "hold" rating to a "sell" rating in a report on Monday, March 24th. Craig Hallum raised CarParts.com from a "hold" rating to a "buy" rating and set a $3.00 price objective for the company in a report on Thursday, March 6th.

Get Our Latest Stock Report on PRTS

About CarParts.com

(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.

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Earnings History for CarParts.com (NASDAQ:PRTS)

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