CarParts.com (NASDAQ:PRTS) Stock

CarParts.com

CarParts.com Inc is an online provider of automotive aftermarket parts and repair information. It serves as an end-to-end solution for automotive repair and maintenance resources, offering a seamless online shopping experience that empowers drivers along every part of their journey. The company principally sells its products to individual consumers through its network of websites and online marketplaces. The company's products consist of collision parts serving the body repair market, engine parts to serve the replacement parts market, and performance parts and accessories.

Stocks Photo by Phongphan on Shutterstock

Earnings

News

Price Target

Markets

Analyst Ratings

PRTS

These Analysts Cut Their Forecasts On CarParts.com Following Q2 Loss

penny stocks tips 1

Long Ideas

Penny Stocks

Insider Trades

Pre-Market Outlook

Trading Ideas

FPAY

PHIO

Phio Pharmaceuticals And 2 Other Stocks Under $2 Insiders Are Buying

Small Cap

Intraday Update

Movers

ADAP

AEVA

AIMD

AIRE

Amplify YieldShares Oil Hedged MLP Income ETF

AMLX

AQST

ASLE

BBAI

BREA

CERO

COOK

COST

CRML

CRMT

CTOS

DOGZ

DOMO

EGOX

GIFI

GRFS

GROM

IMRN

JYNT

MIRA

MOBX

MRVL

PRCH

RDFN

RDNT

REFR

RWAY

SWBI

SWVL

VIRX

WLDN

Shares of  Marvell Technology, Inc. (NASDAQ: MRVL) fell sharply during Friday’s session after the company reported fourth-quarter financial results and issued weak Q1 guidance.

Why Marvell Technology Shares Are Trading Lower By 10%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

CarParts.com Inc

PRTS CAM PTE LTD TOKEN by PRTS CAM PTE LTD.

CarParts.com Regains Compliance With Nasdaq's Minimum Bid Price Requirement Listing Rule

WIIM

ADNT

Shares of auto supplier stocks are trading lower. Weakness may be in reaction to worse-than-expected November PPI data, which could cloud rate cut outlook.

CarParts.com Partners With SimpleTire To Add Over 300 Tire Brands, Expanding Customer Options With 55M Tires And 10,000 Installers Nationwide

<h3>Gainers</h3>
<ul>
<li>Phoenix Motor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) stock rose 11.3% to $0.51 during Thursday's after-market session. The market value of their outstanding shares is at $18.8 million. </li>
<li>Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) stock increased by 5.31% to $196.31. The company's market cap stands at $2.0 trillion. The company's, Q3 earnings came out today. </li>
<li>Fly-E Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYE#NASDAQ">FLYE</a>) stock moved upwards by 5.16% to $0.71. The company's market cap stands at $17.4 million. </li>
<li>Newegg Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) shares rose 4.99% to $0.64. The market value of their outstanding shares is at $244.1 million. </li>
<li>Golden Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDEN#NASDAQ">GDEN</a>) shares moved upwards by 4.98% to $30.84. The market value of their outstanding shares is at $873.2 million. </li>
<li>Bowlero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOWL#NYSE">BOWL</a>) stock rose 4.91% to $10.88. The company's market cap stands at $1.6 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Visionary Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) stock declined by 17.8% to $1.02 during Thursday's after-market session. The company's market cap stands at $3.8 million. </li>
<li>Fox Factory Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXF#NASDAQ">FOXF</a>) shares fell 13.31% to $31.2. The company's market cap stands at $1.3 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Alta Global Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MMA#AMEX">MMA</a>) shares declined by 11.26% to $2.14. The company's market cap stands at $22.4 million. </li>
<li>BJ's Restaurants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJRI#NASDAQ">BJRI</a>) stock decreased by 9.68% to $33.5. The market value of their outstanding shares is at $775.6 million. As per the news, the Q3 earnings report came out today. </li>
<li>El Pollo Loco Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) shares decreased by 5.41% to $11.56. The market value of their outstanding shares is at $341.7 million. As per the press release, Q3 earnings came out today. </li>
<li>CarParts.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTS#NASDAQ">PRTS</a>) stock declined by 5.38% to $0.79. The market value of their outstanding shares is at $41.5 million. As per the news, the Q3 earnings report came out 2 days ago. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMZN

BJRI

BOWL

FLYE

FOXF

GDEN

LOCO

NEGG

12 Consumer Discretionary Stocks Moving In Thursday's After-Market Session

CarParts.com shares are trading higher after the company reported better-than-expected Q3 revenue results.

RBC Capital analyst Steven Shemesh maintains CarParts.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTS#NASDAQ">PRTS</a>) with a Sector Perform and lowers the price target from $0.9 to $0.8.

RBC Capital Maintains Sector Perform on CarParts.com, Lowers Price Target to $0.8

CarParts.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTS#NASDAQ">PRTS</a>) reported quarterly losses of $(0.17) per share which missed the analyst consensus estimate of $(0.11) by 54.55 percent. This is a 325 percent decrease over losses of $(0.04) per share from the same period last year. The company reported quarterly sales of $144.75 million which beat the analyst consensus estimate of $142.20 million by 1.79 percent. This is a 13.25 percent decrease over sales of $166.86 million the same period last year.

Earnings Beats

Earnings Misses

CarParts.com Q3 EPS $(0.17) Misses $(0.11) Estimate, Sales $144.75M Beat $142.20M Estimate

CarParts.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTS#NASDAQ">PRTS</a>) lowers FY2024 sales outlook from $600.00 million-625.00 million to $595.00 million-600.00 million.

Guidance

CarParts.com Lowers FY2024 Sales Guidance from $600.00M-625.00M to $595.00M-600.00M

<h3>Gainers</h3>
<ul>
<li>VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) stock rose 15.1% to $19.6 during Monday's after-market session. The company's market cap stands at $7.6 billion. The company's, Q2 earnings came out today. </li>
<li>NWTN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) stock rose 6.96% to $1.06. The company's market cap stands at $303.3 million. </li>
<li>Camping World Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWH#NYSE">CWH</a>) stock increased by 6.49% to $22.8. The company's market cap stands at $1.0 billion. The company's, Q3 earnings came out today. </li>
<li>Linkage Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGCB#NASDAQ">LGCB</a>) shares increased by 5.89% to $0.32. The market value of their outstanding shares is at $6.8 million. </li>
<li>SRM Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRM#NASDAQ">SRM</a>) stock increased by 3.52% to $0.71. The company's market cap stands at $8.5 million. </li>
<li>Phoenix Motor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) shares increased by 3.35% to $0.56. The company's market cap stands at $20.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) shares declined by 11.8% to $142.13 during Monday's after-market session. The company's market cap stands at $4.3 billion. The company's, Q2 earnings came out today. </li>
<li>Jeffs Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFBR#NASDAQ">JFBR</a>) stock declined by 8.7% to $0.28. The market value of their outstanding shares is at $2.5 million. </li>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) shares decreased by 6.21% to $0.14. </li>
<li>Leggett &amp; Platt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEG#NYSE">LEG</a>) stock declined by 5.1% to $11.55. The market value of their outstanding shares is at $1.5 billion. As per the press release, Q3 earnings came out today. </li>
<li>CarParts.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTS#NASDAQ">PRTS</a>) stock decreased by 5.01% to $0.72. The company's market cap stands at $38.2 million. </li>
<li>Fly-E Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYE#NASDAQ">FLYE</a>) shares fell 5.0% to $0.68. The market value of their outstanding shares is at $16.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BOOT

DBGI

JFBR

LGCB

NWTN

12 Consumer Discretionary Stocks Moving In Monday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>Twin Vee PowerCats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEE#NASDAQ">VEEE</a>) stock rose 63.4% to $0.71 during Wednesday's after-market session. The market value of their outstanding shares is at $6.7 million. </li>
<li>EpicQuest Education Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEIQ#NASDAQ">EEIQ</a>) stock increased by 47.12% to $1.28. The market value of their outstanding shares is at $16.6 million. </li>
<li>Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares increased by 9.55% to $233.96. The market value of their outstanding shares is at $747.4 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Wah Fu Education Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFU#NASDAQ">WAFU</a>) stock rose 6.17% to $1.89. The market value of their outstanding shares is at $8.3 million. </li>
<li>TCTM Kids IT Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCTM#NASDAQ">TCTM</a>) shares increased by 6.0% to $1.06. The company's market cap stands at $10.4 million. </li>
<li>QuantumScape (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>) shares rose 5.79% to $5.48. The market value of their outstanding shares is at $2.7 billion. As per the news, the Q3 earnings report came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Greenlane Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) stock declined by 8.9% to $3.16 during Wednesday's after-market session. The market value of their outstanding shares is at $2.0 million. </li>
<li>Jiade (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JDZG#NASDAQ">JDZG</a>) stock declined by 6.7% to $1.39. The market value of their outstanding shares is at $33.9 million. </li>
<li>Premium Catering (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PC#NASDAQ">PC</a>) stock fell 5.76% to $1.31. The company's market cap stands at $20.9 million. </li>
<li>SRIVARU Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) stock fell 3.62% to $0.08. The market value of their outstanding shares is at $35.3 million. </li>
<li>CarParts.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTS#NASDAQ">PRTS</a>) stock fell 3.42% to $0.69. The company's market cap stands at $36.5 million. </li>
<li>Mynd.ai (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MYND#AMEX">MYND</a>) stock declined by 3.38% to $1.43. The company's market cap stands at $65.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EEIQ

GNLN

JDZG

MYND

SVMH

TCTM

TSLA

VEEE

WAFU

12 Consumer Discretionary Stocks Moving In Wednesday's After-Market Session

<h3>Gainers</h3>
<ul>
<li>Kirkland's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIRK#NASDAQ">KIRK</a>) shares increased by 8.5% to $2.16 during Monday's pre-market session. The company's market cap stands at $28.1 million. </li>
<li>CarParts.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTS#NASDAQ">PRTS</a>) stock moved upwards by 7.17% to $0.82. The company's market cap stands at $43.3 million. </li>
<li>Warby Parker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRBY#NYSE">WRBY</a>) shares increased by 6.04% to $17.55. The company's market cap stands at $2.1 billion. </li>
<li>E-Home Household Service (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) stock rose 6.0% to $1.06. The company's market cap stands at $9.0 million. </li>
<li>Visionary Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) shares increased by 5.88% to $1.44. The company's market cap stands at $5.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Jiade (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JDZG#NASDAQ">JDZG</a>) stock fell 18.2% to $1.71 during Monday's pre-market session. The market value of their outstanding shares is at $41.7 million. </li>
<li>Algorhythm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) shares decreased by 6.55% to $0.39. The company's market cap stands at $3.8 million. </li>
<li>Volcon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) shares fell 6.48% to $0.87. The company's market cap stands at $4.0 million. </li>
<li>AYRO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AYRO#NASDAQ">AYRO</a>) shares declined by 5.64% to $0.73. The company's market cap stands at $5.0 million. </li>
<li>Vista Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTO#NYSE">VSTO</a>) stock declined by 4.97% to $41.9. The market value of their outstanding shares is at $2.4 billion. </li>
<li>VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) shares decreased by 4.65% to $18.69. The market value of their outstanding shares is at $7.2 billion. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AYRO

KIRK

RIME

VLCN

VSTO

WRBY

11 Consumer Discretionary Stocks Moving In Monday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Kirkland's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIRK#NASDAQ">KIRK</a>) shares increased by 8.5% to $2.16 during Monday's pre-market session. The market value of their outstanding shares is at $28.1 million. </li>
<li>CarParts.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTS#NASDAQ">PRTS</a>) stock increased by 7.17% to $0.82. The company's market cap stands at $43.3 million. </li>
<li>Warby Parker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRBY#NYSE">WRBY</a>) stock rose 6.04% to $17.55. The company's market cap stands at $2.1 billion. </li>
<li>E-Home Household Service (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) shares increased by 6.0% to $1.06. The market value of their outstanding shares is at $9.0 million. </li>
<li>Visionary Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) shares rose 5.88% to $1.44. The market value of their outstanding shares is at $5.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Jiade (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JDZG#NASDAQ">JDZG</a>) shares fell 18.2% to $1.71 during Monday's pre-market session. The market value of their outstanding shares is at $41.7 million. </li>
<li>Algorhythm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) stock decreased by 6.55% to $0.39. The company's market cap stands at $3.8 million. </li>
<li>Volcon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) stock declined by 6.48% to $0.87. The company's market cap stands at $4.0 million. </li>
<li>AYRO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AYRO#NASDAQ">AYRO</a>) stock declined by 5.64% to $0.73. The company's market cap stands at $5.0 million. </li>
<li>Vista Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTO#NYSE">VSTO</a>) stock fell 4.97% to $41.9. The company's market cap stands at $2.4 billion. </li>
<li>VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) stock fell 4.65% to $18.69. The market value of their outstanding shares is at $7.2 billion. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

<h3>Gainers</h3>
<ul>
<li>J-Long Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JL#NASDAQ">JL</a>) stock moved upwards by 7.6% to $0.41 during Tuesday's after-market session. The market value of their outstanding shares is at $12.7 million. </li>
<li>TCTM Kids IT Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCTM#NASDAQ">TCTM</a>) shares rose 6.93% to $1.08. The market value of their outstanding shares is at $10.6 million. </li>
<li>Golden Heaven Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDHG#NASDAQ">GDHG</a>) stock moved upwards by 6.38% to $2.5. The company's market cap stands at $9.8 million. </li>
<li>CarParts.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTS#NASDAQ">PRTS</a>) shares rose 6.21% to $0.85. The company's market cap stands at $44.9 million. </li>
<li>Newegg Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) shares rose 5.54% to $0.72. The company's market cap stands at $274.8 million. </li>
<li>PLBY Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLBY#NASDAQ">PLBY</a>) shares increased by 4.98% to $0.75. The company's market cap stands at $55.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) shares fell 13.5% to $0.2 during Tuesday's after-market session. </li>
<li>Fenbo Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEBO#NASDAQ">FEBO</a>) shares decreased by 11.07% to $4.18. The company's market cap stands at $46.2 million. </li>
<li>Jiade (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JDZG#NASDAQ">JDZG</a>) shares fell 10.81% to $0.99. The market value of their outstanding shares is at $24.1 million. </li>
<li>ATA Creativity Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AACG#NASDAQ">AACG</a>) stock fell 4.37% to $0.96. The company's market cap stands at $30.5 million. </li>
<li>MEDIROM Healthcare Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRM#NASDAQ">MRM</a>) shares declined by 4.18% to $3.44. The company's market cap stands at $16.9 million. </li>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) stock declined by 3.26% to $0.12. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AACG

FEBO

GDHG

PLBY

TRNR

12 Consumer Discretionary Stocks Moving In Tuesday's After-Market Session

CJET

CVNA

LOBO

RIVN

STLA

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

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 and Lake Street lowered its price target from $3 to $2.

CarParts.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTS#NASDAQ">PRTS</a>) reported a loss for the <a href="https://www.benzinga.com/quote/PRTS/earnings">second quarter on Tuesday</a>.
CarParts.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTS#NASDAQ">PRTS</a>) reported a quarterly loss of 15 cents per share, compared to market expectations for a loss of 10 cents per share. The company reported quarterly sales of $144.270 million which missed the analyst consensus estimate of $155.717 million.
&#8220;Last quarter we discussed our emphasis on financial discipline and profitability by focusing on driving gross and net margins, accelerating efficiency and effectiveness to quickly deliver improved profitability; and achieving sustainable growth with strong long-term free cash flow…In the second quarter, we made significant progress on gross margin and efficiencies, which reinforces our confidence that we&#8217;re on the right track. We are confident in our roadmap and our opportunity as a leading online retailer in a highly fragmented $400 billion automotive aftermarket market,&#8221; said David Meniane, CEO.
CarParts.com shares fell 13.8% to trade at $1.0350 on Wednesday.
These analysts made changes to their price targets on Benchmark following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/61aa12038d115900012d093d/steven-shemesh">RBC Capital analyst Steven Shemesh</a> downgraded CarParts.com from Outperform to Sector Perform and lowered the price target from $2 to $1.3.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/62f3b7c79bab060001e45dbd/ryan-meyers">Lake Street analyst Ryan Meyers</a> maintained CarParts.com with a Buy and lowered the price target from $3 to $2.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/40068197/jim-cramer-says-this-home-improvement-chain-is-a-buy-ahead-of-fed-rate-cut-cycle-i-would">Jim Cramer Says This Home Improvement Chain Is A Buy Ahead Of Fed Rate Cut Cycle: &#8216;I Would Pick Some Up Tomorrow&#8217;</a></li>
</ul>

Lake Street analyst Ryan Meyers maintains CarParts.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTS#NASDAQ">PRTS</a>) with a Buy and lowers the price target from $3 to $2.

Lake Street Maintains Buy on CarParts.com, Lowers Price Target to $2

RBC Capital analyst Steven Shemesh downgrades CarParts.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTS#NASDAQ">PRTS</a>) from Outperform to Sector Perform and lowers the price target from $2 to $1.3.

Downgrades

RBC Capital Downgrades CarParts.com to Sector Perform, Lowers Price Target to $1.3

Management Commentary
&quot;In the first half of the year, we updated our pricing and marketing acquisition strategies to target more profitable customers and generate higher gross margins. As a result, in the&nbsp;second quarter, we saw sequential margin improvement with product margins at&nbsp;54.0%, up 210 bps from&nbsp;Q1. We expect&nbsp;Q3&nbsp;to be sequentially higher.&quot;
&quot;We are&nbsp; forging on a path that we expect will result in achieving sustainable and significantly positive Adjusted EBITDA next year while working towards achieving a&nbsp;6-8%&nbsp;Adjusted EBITDA margin and enhanced free cash flow generation in the medium term&quot; said David Meniane, CEO.&nbsp;
&nbsp;

CarParts.com Expects FY24 Net Sales At Low End In Range Of $600M - $625M (Est $604.659M) And Gross Margin To Be 33%, Plus Or Minus 100 Basis Points

CarParts.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTS#NASDAQ">PRTS</a>) reported quarterly losses of $(0.15) per share which missed the analyst consensus estimate of $(0.10) by 50 percent. The company reported quarterly sales of $144.270 million which missed the analyst consensus estimate of $155.717 million by 7.35 percent. This is a 18.48 percent decrease over sales of $176.980 million the same period last year.

CarParts.com Q2 2024 GAAP EPS $(0.15) Misses $(0.10) Estimate, Sales $144.270M Miss $155.717M Estimate

Press Releases

CarParts.com Sets Third Quarter 2024 Conference Call for Tuesday, October 29, 2024

Gabelli Funds to Host 48th Annual Automotive Symposium at The Encore at Wynn, Las Vegas, Nevada

CarParts.com Reports Third Quarter 2024 Results

This Online Automotive Retailer Shares Rally On Strong Q3 Revenue Results

CarParts.com Expands Assortment in Automotive Market with SimpleTire Partnership

CarParts.com Partners with Extend to Deliver Unmatched Shipping and Product Protection

CarParts.com Unveils CarParts+: The Ultimate Membership for Drivers

CarParts.com, Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement

JC Whitney Magazine Expands to Retail Shelves Across North America and Canada

DORM

GNTX

MNRO

MPAA

NNBR

ORLY

PHIN

RUSHA

STRT

ARKO

Autozi Internet Technology (Global) Ltd. - Class A Ordinary Shares

Autozi Internet Tech

Cango Inc. American Depositary Shares, each representing two (2) Class A Ordinary Shares

Comments

CarParts.com

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga