We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CarParts.com (PRTS) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
CarParts.com (PRTS - Free Report) closed the most recent trading day at $5.12, moving +1.59% from the previous trading session. This change outpaced the S&P 500's 1.42% gain on the day. At the same time, the Dow added 1%, and the tech-heavy Nasdaq gained 5.16%.
Coming into today, shares of the online auto parts retailer had lost 19.62% in the past month. In that same time, the Auto-Tires-Trucks sector lost 6.1%, while the S&P 500 gained 0.27%.
Investors will be hoping for strength from CarParts.com as it approaches its next earnings release. The company is expected to report EPS of $0.02, down 50% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $174.78 million, up 5.26% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.08 per share and revenue of $694.61 million, which would represent changes of -300% and +4.99%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for CarParts.com. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 60% lower. CarParts.com is currently a Zacks Rank #3 (Hold).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 210, which puts it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PRTS in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CarParts.com (PRTS) Outpaces Stock Market Gains: What You Should Know
CarParts.com (PRTS - Free Report) closed the most recent trading day at $5.12, moving +1.59% from the previous trading session. This change outpaced the S&P 500's 1.42% gain on the day. At the same time, the Dow added 1%, and the tech-heavy Nasdaq gained 5.16%.
Coming into today, shares of the online auto parts retailer had lost 19.62% in the past month. In that same time, the Auto-Tires-Trucks sector lost 6.1%, while the S&P 500 gained 0.27%.
Investors will be hoping for strength from CarParts.com as it approaches its next earnings release. The company is expected to report EPS of $0.02, down 50% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $174.78 million, up 5.26% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.08 per share and revenue of $694.61 million, which would represent changes of -300% and +4.99%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for CarParts.com. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 60% lower. CarParts.com is currently a Zacks Rank #3 (Hold).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 210, which puts it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PRTS in the coming trading sessions, be sure to utilize Zacks.com.