CarParts.com (NASDAQ:PRTS) Releases Quarterly Earnings Results, Misses Expectations By $0.15 EPS

CarParts.com (NASDAQ:PRTS) announced its quarterly earnings results on Tuesday. The specialty retailer reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.15), Zacks reports. The business had revenue of $147.38 million during the quarter, compared to analysts’ expectations of $146.14 million. CarParts.com had a negative return on equity of 29.57% and a negative net margin of 5.11%.

CarParts.com Stock Down 13.2%

Shares of CarParts.com stock opened at $0.79 on Thursday. The company has a quick ratio of 0.57, a current ratio of 1.62 and a debt-to-equity ratio of 0.10. The company has a market cap of $46.21 million, a P/E ratio of -1.46 and a beta of 1.52. The firm’s 50 day moving average price is $0.92 and its 200-day moving average price is $1.00. CarParts.com has a 52-week low of $0.68 and a 52-week high of $1.45.

Analyst Ratings Changes

PRTS has been the subject of a number of recent research reports. StockNews.com downgraded shares of CarParts.com from a “hold” rating to a “sell” rating in a research note on Wednesday. Craig Hallum upgraded CarParts.com from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a report on Thursday, March 6th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $0.80 price objective on shares of CarParts.com in a research note on Wednesday.

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.