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PRTS

CarParts.com NasdaqGS:PRTS Stock Report

Last Price

US$8.99

Market Cap

US$489.6m

7D

0.2%

1Y

-46.6%

Updated

15 Aug, 2022

Data

Company Financials +
PRTS fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance0/6
Financial Health4/6
Dividends0/6

PRTS Stock Overview

CarParts.com, Inc., together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines.

CarParts.com Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CarParts.com
Historical stock prices
Current Share PriceUS$8.99
52 Week HighUS$18.58
52 Week LowUS$5.90
Beta2.34
1 Month Change15.70%
3 Month Change19.87%
1 Year Change-46.62%
3 Year Change636.89%
5 Year Change243.13%
Change since IPO-24.45%

Recent News & Updates

Aug 02

CarParts GAAP EPS of $0.07 beats by $0.09, revenue of $176.2M beats by $0.43M

CarParts press release (NASDAQ:PRTS): Q2 GAAP EPS of $0.07 beats by $0.09. Revenue of $176.2M (+11.8% Y/Y) beats by $0.43M. Shares +4.7% AH.

Jun 17

CarParts.com: Growth Continues Despite Broader Economic Concerns

CarParts.com continues to grow its top line and improve its bottom line during these tough times. This is a testament to the company's business model, and the future for the business is likely bright. Recent financial performance is encouraging, and shares are finally starting to look reasonably priced.

Shareholder Returns

PRTSUS Online RetailUS Market
7D0.2%2.7%3.6%
1Y-46.6%-26.0%-9.6%

Return vs Industry: PRTS underperformed the US Online Retail industry which returned -26.8% over the past year.

Return vs Market: PRTS underperformed the US Market which returned -10.2% over the past year.

Price Volatility

Is PRTS's price volatile compared to industry and market?
PRTS volatility
PRTS Average Weekly Movement10.6%
Online Retail Industry Average Movement12.5%
Market Average Movement7.7%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: PRTS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: PRTS's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19951,529David Menianehttps://www.carparts.com

CarParts.com, Inc., together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce websites and online marketplaces. The company also sells auto parts to collision repair shops; markets Kool-Vue products to auto parts wholesale distributors; and aftermarket catalytic converters under the Evan Fischer brand.

CarParts.com Fundamentals Summary

How do CarParts.com's earnings and revenue compare to its market cap?
PRTS fundamental statistics
Market CapUS$489.63m
Earnings (TTM)-US$3.47m
Revenue (TTM)US$622.38m

0.8x

P/S Ratio

-141.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PRTS income statement (TTM)
RevenueUS$622.38m
Cost of RevenueUS$404.52m
Gross ProfitUS$217.86m
Other ExpensesUS$221.33m
Earnings-US$3.47m

Last Reported Earnings

Jul 02, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.064
Gross Margin35.00%
Net Profit Margin-0.56%
Debt/Equity Ratio0%

How did PRTS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is PRTS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PRTS?

Other financial metrics that can be useful for relative valuation.

PRTS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA55.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does PRTS's PS Ratio compare to its peers?

PRTS PS Ratio vs Peers
The above table shows the PS ratio for PRTS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.4x
RMBL RumbleON
0.3x14.5%US$421.0m
FLWS 1-800-FLOWERS.COM
0.3x5.0%US$671.4m
BWMX Betterware de MéxicoP.I. de
0.8x14.1%US$401.1m
BZUN Baozun
0.4x9.9%US$605.7m
PRTS CarParts.com
0.8x16.7%US$489.6m

Price-To-Sales vs Peers: PRTS is expensive based on its Price-To-Sales Ratio (0.8x) compared to the peer average (0.4x).


Price to Earnings Ratio vs Industry

How does PRTS's PE Ratio compare vs other companies in the US Online Retail Industry?

Price-To-Sales vs Industry: PRTS is good value based on its Price-To-Sales Ratio (0.8x) compared to the US Online Retail industry average (0.9x)


Price to Sales Ratio vs Fair Ratio

What is PRTS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PRTS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.8x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: PRTS is expensive based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).


Share Price vs Fair Value

What is the Fair Price of PRTS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PRTS ($8.99) is trading below our estimate of fair value ($30.05)

Significantly Below Fair Value: PRTS is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is CarParts.com forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


68.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRTS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: PRTS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PRTS is expected to become profitable in the next 3 years.

Revenue vs Market: PRTS's revenue (16.7% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: PRTS's revenue (16.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PRTS's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has CarParts.com performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-44.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PRTS is currently unprofitable.

Growing Profit Margin: PRTS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PRTS is unprofitable, and losses have increased over the past 5 years at a rate of 44% per year.

Accelerating Growth: Unable to compare PRTS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PRTS is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (-37.5%).


Return on Equity

High ROE: PRTS has a negative Return on Equity (-3.2%), as it is currently unprofitable.


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Financial Health

How is CarParts.com's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: PRTS's short term assets ($193.6M) exceed its short term liabilities ($114.8M).

Long Term Liabilities: PRTS's short term assets ($193.6M) exceed its long term liabilities ($43.8M).


Debt to Equity History and Analysis

Debt Level: PRTS is debt free.

Reducing Debt: PRTS had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: PRTS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if PRTS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is CarParts.com current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate PRTS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PRTS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PRTS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PRTS's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PRTS has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

0.3yrs

Average management tenure


CEO

David Meniane (39 yo)

0.33

Tenure

US$2,124,412

Compensation

Mr. David Meniane serves as Chief Executive Officer, Senior Vice President and Director of CarParts.com, Inc. (formerly known as U.S. Auto Parts Network, Inc.) since April 18, 2022. He had been Chief Opera...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD2.12M) is about average for companies of similar size in the US market ($USD2.53M).

Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: PRTS's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: PRTS's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PRTS insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.3%.


Top Shareholders

Company Information

CarParts.com, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: CarParts.com, Inc.
  • Ticker: PRTS
  • Exchange: NasdaqGS
  • Founded: 1995
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Implied Market Cap: US$489.631m
  • Shares outstanding: 54.46m
  • Website: https://www.carparts.com

Number of Employees


Location

  • CarParts.com, Inc.
  • 2050 West 190th Street
  • Suite 400
  • Torrance
  • California
  • 90504
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Earnings2022/07/02
Annual Earnings2022/01/01


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.