CarParts.com shares are trading lower after the company reported Q2 financial results. Additionally, RBC Capital maintained an Outperform rating on the stock and lowered its price target from $9 to $7.
Portfolio Pulse from Benzinga Newsdesk
CarParts.com reported Q2 financial results, which led to a decrease in its share price. RBC Capital maintained an Outperform rating on the stock but lowered its price target from $9 to $7.
August 04, 2023 | 12:01 pm
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CarParts.com's Q2 financial results led to a decrease in its share price. Despite this, RBC Capital maintained an Outperform rating but lowered its price target from $9 to $7.
The decrease in CarParts.com's share price is likely due to the company's Q2 financial results. RBC Capital's decision to maintain an Outperform rating indicates that they still see potential in the stock, but the lowering of the price target from $9 to $7 suggests a more cautious outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100