Carparts.Com (PRTS) Stock Surges Amidst Positive Sector Performance

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Nov 22, 2024
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Carparts.Com, Inc. (PRTS, Financial) experienced a notable stock increase of 5.18%. The stock is currently valued at $1.17 per share, with a trading volume of 375,126 shares and a turnover rate of 0.70%. The stock's price fluctuation reached 6.98%.

Recent financial reports reveal that Carparts.Com achieved a revenue of $145 million, but faced a net loss of $10.02 million, resulting in an earnings per share of -$0.17. The gross profit was $46.01 million, and the price-to-earnings ratio stood at -2.12.

In terms of analyst ratings, out of three institutions covering the stock, 33% recommend buying, while 67% suggest holding, with no sell recommendations.

Within the auto parts industry, where Carparts.Com operates, the overall sector saw a rise of 0.89%. Among its peers, Innoviz Technologies, Carbon Revolution, and Worksport showed significant gains. Luminar Technologies, Worksport, and Noco-Noco Inc. were notably active, with turnover rates of 12.25%, 3.15%, and 2.76% respectively. Stocks with the highest price fluctuations included Innoviz Technologies, Carbon Revolution, and Noco-Noco Inc., with amplitudes of 77.16%, 21.32%, and 21.25% respectively.

Carparts.Com is a provider of automotive aftermarket parts and repair information online, offering a seamless shopping experience for vehicle maintenance and repair through its website and online marketplaces. Its product range includes collision parts, engine parts, and performance 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.