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

CarParts.com (NASDAQ:PRTS) posted its quarterly earnings data on Tuesday. The specialty retailer reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.08), Zacks reports. The firm had revenue of $588.85 million for the quarter, compared to analysts’ expectations of $141.22 million. CarParts.com had a negative return on equity of 29.57% and a negative net margin of 5.11%.

CarParts.com Stock Down 2.0 %

Shares of PRTS opened at $1.00 on Thursday. CarParts.com has a 52-week low of $0.68 and a 52-week high of $1.68. The company has a market capitalization of $57.40 million, a PE ratio of -1.85 and a beta of 2.11. The stock has a fifty day simple moving average of $1.10 and a two-hundred day simple moving average of $0.99. The company has a quick ratio of 0.57, a current ratio of 1.62 and a debt-to-equity ratio of 0.10.

Analyst Upgrades and Downgrades

Several research firms recently commented on PRTS. 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 note on Thursday, March 6th. StockNews.com downgraded shares of CarParts.com from a “hold” rating to a “sell” rating in a research note on Monday.

CarParts.com Company Profile

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.