Streetbeat News

PRTS

CarParts.com, Inc.

https://www.carparts.com

Industry

Specialty Retail

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 to individual consumers through its network of e-commerce websites and online marketplaces. The company also sells auto parts to collision repair shops; markets Kool-Vue products to auto parts wholesale distributors; and aftermarket catalytic converters under the Evan Fischer brand. Its flagship websites include www.carparts.com, www.jcwhitney.com, www.autopartswarehouse.com and www.usautoparts.com. The company was formerly known as U.S. Auto Parts Network, Inc. and changed its name to CarParts.com, Inc. in July 2020. CarParts.com, Inc. was incorporated in 1995 and is headquartered in Torrance, California.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Shares of auto and auto-related stocks are trading higher following a rise in July auto sales.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 5:30 pm

CarParts.Com shares are trading lower after the company reported worse-than-expected Q2 financial results. RBC Capital downgraded the stock from Outperform to Sector Perform and lowered its price target from $2 to $1.3. Lake Street also lowered its price target from $3 to $2.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 7:40 pm

CarParts.com (NASDAQ:PRTS) reported a Q2 loss of 15 cents per share, missing market expectations. Sales also fell short of estimates. Following the earnings report, RBC Capital downgraded the stock and lowered its price target, while Lake Street maintained a Buy rating but also reduced its price target. Shares fell 13.8% to $1.0350.

Portfolio Pulse from Avi Kapoor

July 31, 2024 | 6:07 pm

Lake Street analyst Ryan Meyers maintains a Buy rating on CarParts.com (NASDAQ:PRTS) but lowers the price target from $3 to $2.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 5:45 pm

RBC Capital has downgraded CarParts.com (NASDAQ:PRTS) from Outperform to Sector Perform and lowered its price target from $2 to $1.3.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:45 pm

CarParts.com expects FY24 net sales at the low end of the $600M - $625M range and a gross margin of 33%, plus or minus 100 basis points. The company has updated its pricing and marketing strategies to target more profitable customers, resulting in improved margins. Management anticipates sequential margin improvement in Q3 and aims for sustainable positive Adjusted EBITDA next year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:55 pm

CarParts.com (NASDAQ:PRTS) reported Q2 2024 GAAP EPS of $(0.15), missing the $(0.10) estimate. Sales were $144.270M, missing the $155.717M estimate and down 18.48% from last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:28 pm

CarParts.com has opened a new state-of-the-art fulfillment center in Las Vegas, which doubles its footprint and aims to enhance operational efficiency and customer experience.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:07 pm

The article highlights the pre-market movements of 12 consumer discretionary stocks on Friday. Delta Apparel, Connexa Sports Techs, Red Robin Gourmet Burgers, Purple Innovation, ATRenew, and CarParts.com saw gains, while Kaival Brands Innovations, MGO Global, Petco Health and Wellness, Volcon, Lobo EV Technologies, and Zapp Electric Vehicles experienced declines.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 12:08 pm

The article highlights the after-market movements of 12 consumer discretionary stocks on Wednesday. Notable gainers include Sacks Parente Golf (SPGC), J-Long Group (JL), and Sonos (SONO), while significant losers include Kaival Brands Innovations (KAVL) and SRIVARU Holding (SVMH).

Portfolio Pulse from Benzinga Insights

June 19, 2024 | 8:30 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.