Stock Analysis
- United States
- /
- Specialty Stores
- /
- NasdaqGS:PRTS
CarParts.com Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
CarParts.com (NASDAQ:PRTS) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$144.8m (down 13% from 3Q 2023).
- Net loss: US$10.0m (loss widened by 298% from 3Q 2023).
- US$0.17 loss per share (further deteriorated from US$0.044 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CarParts.com Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 42%.
Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company's shares are up 16% from a week ago.
Risk Analysis
You still need to take note of risks, for example - CarParts.com has 3 warning signs we think you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGS:PRTS
CarParts.com
Operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines.