CarParts.com (NASDAQ:PRTS) Announces Quarterly Earnings Results

CarParts.com (NASDAQ:PRTS) posted its quarterly earnings results on Tuesday. The specialty retailer reported ($0.27) earnings per share for the quarter, missing the consensus estimate 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%.

CarParts.com Trading Down 6.4 %

Shares of NASDAQ:PRTS traded down $0.07 during mid-day trading on Tuesday, reaching $1.02. 908,051 shares of the company were exchanged, compared to its average volume of 711,103. CarParts.com has a 1 year low of $0.68 and a 1 year high of $1.68. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.62 and a quick ratio of 0.57. The firm’s 50-day simple moving average is $1.11 and its 200 day simple moving average is $0.99. The firm has a market cap of $58.55 million, a price-to-earnings ratio of -1.89 and a beta of 2.11.

Analysts Set New Price Targets

PRTS has been the subject of several analyst reports. StockNews.com lowered CarParts.com from a “hold” rating to a “sell” rating in a research report on Monday. Craig Hallum upgraded CarParts.com from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a report 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.