Craig-Hallum Remains a Buy on CarParts.com Inc (PRTS)

In a report released today, Ryan Sigdahl from Craig-Hallum maintained a Buy rating on CarParts.com Inc (PRTS – Research Report). The company’s shares closed last Friday at $1.57.

Sigdahl covers the Consumer Cyclical sector, focusing on stocks such as Rush Street Interactive, Lithia Motors, and Solo Brands Inc Class A. According to TipRanks, Sigdahl has an average return of 20.7% and a 54.20% success rate on recommended stocks.

Currently, the analyst consensus on CarParts.com Inc is a Strong Buy with an average price target of $3.58.

Based on CarParts.com Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $156.4 million and a GAAP net loss of $6.09 million. In comparison, last year the company earned a revenue of $154.52 million and had a GAAP net loss of $6.22 million

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CarParts.com Inc (PRTS) Company Description:

U.S. Auto Parts Network, Inc. engages in the provision of automotive aftermarket parts. The firm’s flagship websites include www.autopartswarehouse.com, www.carparts.com, www.jcwhitney.com, www.automd.com, and www.usautoparts.net. Its products include Collision Parts, Engine Parts, Performance Parts and Accessories. The company was founded by Sol Khazani and Mehran Nia in 1995 and is headquartered in Carson, CA.