CarParts.com (NASDAQ:PRTS) Posts Earnings Results, Misses Expectations 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 the consensus estimate of ($0.19) by ($0.08), Zacks reports. CarParts.com had a negative return on equity of 29.57% and a negative net margin of 5.11%.

CarParts.com Stock Down 6.4 %

Shares of NASDAQ PRTS traded down $0.07 during trading on Tuesday, hitting $1.02. 925,440 shares of the company traded hands, compared to its average volume of 711,103. The business’s fifty day moving average is $1.11 and its 200 day moving average is $0.99. The firm has a market capitalization of $58.55 million, a price-to-earnings ratio of -1.89 and a beta of 2.11. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.57 and a current ratio of 1.62. CarParts.com has a fifty-two week low of $0.68 and a fifty-two week high of $1.68.

Analyst Upgrades and Downgrades

PRTS has been the subject of a number of recent analyst reports. 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 research report on Thursday, March 6th. StockNews.com cut shares of CarParts.com from a “hold” rating to a “sell” rating in a report on Monday.

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.