RBC Capital Sticks to Its Buy Rating for CarParts.com Inc (PRTS)

RBC Capital analyst Steven Shemesh maintained a Buy rating on CarParts.com Inc (PRTS – Research Report) yesterday and set a price target of $3.00. The company’s shares closed yesterday at $1.33.

Shemesh covers the Consumer Cyclical sector, focusing on stocks such as Advance Auto Parts, O’Reilly Auto, and CarParts.com Inc. According to TipRanks, Shemesh has an average return of -6.4% and a 45.96% 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.