CarParts.com (PRTS) Scheduled to Post Earnings on Tuesday

CarParts.com (NASDAQ:PRTS) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 29th. CarParts.com has set its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

CarParts.com (NASDAQ:PRTS) last announced its quarterly earnings results on Tuesday, July 30th. The specialty retailer reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.05). The company had revenue of $144.27 million for the quarter. CarParts.com had a negative net margin of 3.75% and a negative return on equity of 21.44%. During the same quarter in the previous year, the business earned ($0.01) earnings per share.

CarParts.com Trading Up 3.6 %

Shares of CarParts.com stock opened at $0.71 on Monday. The firm has a market capitalization of $40.59 million, a PE ratio of -1.73 and a beta of 2.06. The company has a current ratio of 1.67, a quick ratio of 0.51 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $0.84 and its 200 day moving average is $1.02. CarParts.com has a 1 year low of $0.68 and a 1 year high of $3.65.

Analysts Set New Price Targets

Several brokerages recently issued reports on PRTS. StockNews.com lowered shares of CarParts.com from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $1.30 price target (down from $2.00) on shares of CarParts.com in a report on Wednesday, July 31st. Finally, Lake Street Capital reduced their target price on shares of CarParts.com from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $2.33.

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.