CarParts.Com, Inc. (PRTS, Financial) experienced a significant stock price drop of 5.01%, with shares trading at $0.789 each on a trading volume of approximately 399,411 shares. This represented a turnover rate of 0.75% and a price fluctuation of 5.79%.
Recent financial reports indicate that the company generated revenue of $145 million, but posted a net loss of $10.02 million, resulting in an earnings per share (EPS) of -$0.17. The gross profit stood at $46.01 million with a negative price-to-earnings (P/E) ratio of -1.43.
In terms of institutional ratings, among the three institutions that evaluated the stock, 33% recommended a buy, while 67% advised holding. No institution suggested a sell.
The broader automotive parts industry faced a collective decline of 0.70%, although some stocks such as Noco Noco Inc, Mobileye Global Inc., and Sinopec System, saw significant increases. Meanwhile, companies like Luminar Technologies, Inc., Hyzon Motors Inc., and Aptiv Plc showed notable trading activity with varying turnover rates.
CarParts.Com operates as an online provider of aftermarket automotive parts and repair information, offering a streamlined shopping experience for vehicle maintenance and repair needs. Its products cater to various markets, including collision parts for body repair, engine parts for replacement needs, and performance parts and accessories.
