|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's range||5.24 - 5.32|
|52-week range||3.92 - 9.24|
|Beta (5Y monthly)||2.21|
|PE ratio (TTM)||N/A|
|Earnings date||01 May 2023 - 05 May 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||12.00|
Shares are down 63% over the last year as the buzz around e-commerce stocks has faded, and while the company's growth rate has slowed from the pandemic, it's still delivering solid growth, outperforming its e-commerce peers, and gaining market share from traditional auto parts retailers. Not only did CarParts.com post a surprising increase in revenue growth, but it's also taking positive steps on the bottom line. On the earnings call, management said that optimizing for gross profit dollars was its primary objective, and gross profit rose 19% to $56.2 million.
Four straight beats coupled with modest growth and margin expansion should keep this stock running.
CarParts.com CEO David Meniane joins Yahoo Finance Live to discuss inflation, the demand for car parts, the age of the average American vehicle, inventories, and the market for electric vehicle car parts.