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

CarParts.com (NASDAQ:PRTS) announced its quarterly earnings data 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%.

CarParts.com Price Performance

NASDAQ PRTS traded down $0.07 on Tuesday, hitting $1.02. 925,440 shares of the company were exchanged, compared to its average volume of 711,103. The company has a current ratio of 1.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.10. The company has a market cap of $58.55 million, a P/E ratio of -1.89 and a beta of 2.11. CarParts.com has a 1-year low of $0.68 and a 1-year high of $1.68. The firm has a 50 day moving average of $1.11 and a two-hundred day moving average of $0.99.

Analyst Ratings Changes

A number of research analysts recently commented on PRTS shares. StockNews.com lowered shares of CarParts.com from a “hold” rating to a “sell” rating in a research note on Monday. Craig Hallum raised CarParts.com from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research 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.