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

CarParts.com (NASDAQ:PRTS) issued its quarterly earnings results on Tuesday. The specialty retailer reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.08), Zacks reports. The business had revenue of $588.85 million for 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

NASDAQ:PRTS opened at $1.02 on Wednesday. The company has a 50-day moving average of $1.11 and a 200-day moving average of $0.99. The firm has a market cap of $58.55 million, a price-to-earnings ratio of -1.89 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 twelve month low of $0.68 and a twelve month high of $1.68.

Analyst Ratings Changes

PRTS has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of CarParts.com from a “hold” rating to a “sell” rating in a research report on Monday. Craig Hallum raised CarParts.com from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a report on Thursday, March 6th.

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.