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CarParts.com (PRTS) Gains As Market Dips: What You Should Know
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In the latest trading session, CarParts.com (PRTS - Free Report) closed at $6.87, marking a +1.03% move from the previous day. The stock outpaced the S&P 500's daily loss of 1.56%. At the same time, the Dow lost 1.81%, and the tech-heavy Nasdaq lost 4.66%.
Prior to today's trading, shares of the online auto parts retailer had gained 10.93% over the past month. This has outpaced the Auto-Tires-Trucks sector's loss of 2.76% and the S&P 500's gain of 3.82% in that time.
Wall Street will be looking for positivity from CarParts.com as it approaches its next earnings report date. The company is expected to report EPS of -$0.13, down 30% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $152.4 million, up 10.23% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for CarParts.com. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. CarParts.com is currently sporting a Zacks Rank of #2 (Buy).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 91, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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CarParts.com (PRTS) Gains As Market Dips: What You Should Know
In the latest trading session, CarParts.com (PRTS - Free Report) closed at $6.87, marking a +1.03% move from the previous day. The stock outpaced the S&P 500's daily loss of 1.56%. At the same time, the Dow lost 1.81%, and the tech-heavy Nasdaq lost 4.66%.
Prior to today's trading, shares of the online auto parts retailer had gained 10.93% over the past month. This has outpaced the Auto-Tires-Trucks sector's loss of 2.76% and the S&P 500's gain of 3.82% in that time.
Wall Street will be looking for positivity from CarParts.com as it approaches its next earnings report date. The company is expected to report EPS of -$0.13, down 30% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $152.4 million, up 10.23% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for CarParts.com. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. CarParts.com is currently sporting a Zacks Rank of #2 (Buy).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 91, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.