CarParts.com (NASDAQ:PRTS) Posts 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) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.08), Zacks reports. CarParts.com had a negative net margin of 5.11% and a negative return on equity of 29.57%. The firm had revenue of $588.85 million during the quarter, compared to the consensus estimate of $141.22 million.

CarParts.com Stock Down 6.4 %

PRTS stock opened at $1.02 on Wednesday. The stock has a market cap of $58.55 million, a PE ratio of -1.89 and a beta of 2.11. The firm’s 50-day simple moving average is $1.11 and its 200 day simple moving average is $0.99. CarParts.com has a fifty-two week low of $0.68 and a fifty-two week high of $1.68. The company has a quick ratio of 0.57, a current ratio of 1.62 and a debt-to-equity ratio of 0.10.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PRTS. StockNews.com cut shares of CarParts.com from a “hold” rating to a “sell” rating in a report on Monday. Craig Hallum upgraded shares of CarParts.com from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a research note 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.