CarParts.Com (PRTS) Shares Drop Over 5% Amidst Industry Gains

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The stock of CarParts.Com, Inc. (PRTS, Financial) saw significant movement with a sharp decline of 5.22%. The share price was $0.862, with a trading volume of 73,684 shares and a turnover rate of 0.13%. The stock's amplitude was noted at 3.60%.

Recent financial reports show the company recorded revenues of $144 million, a net loss of $8.69 million, and an earnings per share of -$0.15. The gross profit was $43.92 million, and the price-to-earnings ratio stood at -2.02.

Analyst ratings reveal that out of the three participating institutions, 33% recommended a buy, while 67% suggested holding onto the stock, with no sell recommendations.

The auto parts industry, where CarParts.Com operates, saw an overall increase of 0.54%. Significant gainers in related stocks include Carbon Revolution Public Limited Co, Luminar Technologies, Inc., and Worksport, Ltd. Active stocks in the sector displayed turnover rates such as Luminar Technologies, Inc. at 6.57%, Worksport, Ltd. at 1.58%, and LiEr at 1.07%. Noteworthy amplitude was observed in Hyzon Motors Inc, Ecarx Holdings Inc, and Luminar Technologies, Inc. with amplitudes of 30.92%, 22.77%, and 17.89% respectively.

CarParts.com Inc is an online provider of automotive aftermarket parts and repair information, offering end-to-end solutions for automotive repair and maintenance. The company sells its products directly to consumers through its website and online marketplace networks, including collision parts for body repair, engine replacement parts, 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.