Carparts.Com (PRTS) Stock Drops 5.45% Amidst Market Decline

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Oct 22, 2024
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Carparts.Com, Inc. (PRTS, Financial) experienced a significant stock drop of 5.45%. The stock is currently trading at $0.734 per share with a trading volume of 277,671 shares. The turnover rate stands at 0.48%, and the amplitude is 3.91%. Recent financial results revealed the company achieved revenue of $144 million, with a net loss of $8.69 million, translating to an earnings per share (EPS) of -$0.15. The company has a gross profit of $43.92 million and a price-to-earnings (P/E) ratio of -1.72.

Among the three institutions rating Carparts.Com, 33% have issued a buy recommendation, while 67% suggest holding, with no sell recommendations reported.

The broader automotive parts industry, where Carparts.Com operates, saw an overall decline of 1.97%. In the sector, notable stock movements included significant increases in Hyzon Motors Inc and Noco-Noco Inc. Active trading was observed in Hyzon Motors Inc, Noco-Noco Inc, and Luminar Technologies, Inc., with turnover rates of 633.34%, 35.89%, and 3.87%, respectively. Hyzon Motors Inc C/Wts 02/10/2025, Noco-Noco Inc, and Hyzon Motors Inc experienced high amplitude movements.

Carparts.Com is an online provider of automotive aftermarket parts and repair information, offering an end-to-end solution for vehicle maintenance. The company primarily sells products through its website and online marketplaces, catering to individual consumers with collision parts, engine parts for replacement markets, and performance parts and accessories.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.