Small Cap Consumer Research Believes CarPartscom (PRTS) Won’t Stop Here


Small Cap Consumer Research analyst Small Cap Consumer Research maintained a Buy rating on CarPartscom (PRTS) yesterday and set a price target of $16.00. The company’s shares closed last Tuesday at $14.11, close to its 52-week high of $16.44.

CarPartscom has an analyst consensus of Strong Buy, with a price target consensus of $19.50, representing a 30.0% upside. In a report issued on August 7, Barrington also maintained a Buy rating on the stock with a $15.00 price target.

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Based on CarPartscom’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $87.82 million and GAAP net loss of $978K. In comparison, last year the company earned revenue of $74.74 million and had a GAAP net loss of $3.58 million.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is neutral on the stock. Most recently, in June 2020, Jay Keith Greyson, a Director at PRTS bought 20,000 shares for a total of $46,600.

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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.

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