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

July 26, 2022 by No Comments

CarParts.com (NASDAQ:PRTS – Get Rating) is scheduled to be announcing its earnings results after the market closes on Tuesday, August 2nd. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

CarParts.com (NASDAQ:PRTS – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The specialty retailer reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.09. The business had revenue of $166.05 million during the quarter, compared to analyst estimates of $160.20 million. CarParts.com had a negative net margin of 0.91% and a negative return on equity of 5.66%. During the same period in the prior year, the firm posted ($0.06) earnings per share. On average, analysts expect CarParts.com to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CarParts.com Stock Performance

PRTS stock opened at $7.99 on Tuesday. The firm has a market cap of $432.03 million, a price-to-earnings ratio of -72.63 and a beta of 2.38. The firm has a 50-day simple moving average of $7.66 and a two-hundred day simple moving average of $7.81. CarParts.com has a one year low of $5.90 and a one year high of $20.74. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.32 and a current ratio of 1.63.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of CarParts.com from a “sell” rating to a “hold” rating in a research report on Thursday, June 30th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.

Insider Activity

In other news, VP Alfredo Gomez sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $7.05, for a total transaction of $70,500.00. Following the transaction, the vice president now owns 536,264 shares in the company, valued at $3,780,661.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.00% of the company’s stock.

Hedge Funds Weigh In On CarParts.com

Several hedge funds and other institutional investors have recently bought and sold shares of PRTS. Cannell Capital LLC increased its holdings in CarParts.com by 121.0% in the 1st quarter. Cannell Capital LLC now owns 3,449,900 shares of the specialty retailer’s stock worth $23,114,000 after buying an additional 1,888,719 shares during the period. Renaissance Technologies LLC increased its holdings in CarParts.com by 271.3% in the 1st quarter. Renaissance Technologies LLC now owns 874,700 shares of the specialty retailer’s stock worth $5,860,000 after buying an additional 639,100 shares during the period. Vanguard Group Inc. increased its holdings in CarParts.com by 10.1% in the 1st quarter. Vanguard Group Inc. now owns 2,393,478 shares of the specialty retailer’s stock worth $16,036,000 after buying an additional 220,281 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of CarParts.com during the 1st quarter worth approximately $919,000. Finally, Bank of America Corp DE grew its stake in shares of CarParts.com by 123.8% during the 1st quarter. Bank of America Corp DE now owns 205,006 shares of the specialty retailer’s stock worth $1,374,000 after purchasing an additional 113,405 shares during the period. Institutional investors and hedge funds own 84.41% of the company’s stock.

CarParts.com Company Profile

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Source: https://www.defenseworld.net/2022/07/26/carparts-com-prts-scheduled-to-post-earnings-on-tuesday.html

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