US$1.35: That's What Analysts Think CarParts.com, Inc. (NASDAQ:PRTS) Is Worth After Its Latest Results

Shareholders might have noticed that CarParts.com, Inc. (NASDAQ:PRTS) filed its quarterly result this time last week. The early response was not positive, with shares down 7.5% to US$0.77 in the past week. It was a pretty bad result overall; while revenues were in line with expectations at US$152m, statutory losses exploded to US$0.23 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

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Taking into account the latest results, CarParts.com's twin analysts currently expect revenues in 2025 to be US$577.2m, approximately in line with the last 12 months. Losses are forecast to narrow 8.4% to US$0.89 per share. Before this latest report, the consensus had been expecting revenues of US$587.3m and US$0.66 per share in losses. While this year's revenue estimates held steady, there was also a considerable increase to loss per share expectations, suggesting the consensus has a bit of a mixed view on the stock.

See our latest analysis for CarParts.com

With the increase in forecast losses for next year, it's perhaps no surprise to see that the average price target dipped 29% to US$1.35, with the analysts signalling that growing losses would be a definite concern.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 0.1% by the end of 2025. This indicates a significant reduction from annual growth of 6.9% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 5.6% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - CarParts.com is expected to lag the wider industry.

The Bottom Line

The most important thing to note is the forecast of increased losses next year, suggesting all may not be well at CarParts.com. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that CarParts.com's revenue is expected to perform worse than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of CarParts.com's future valuation.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have analyst estimates for CarParts.com going out as far as 2026, and you can see them free on our platform here.

And what about risks? Every company has them, and we've spotted 3 warning signs for CarParts.com you should know about.

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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.