Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

CarParts.com: Buy the Dip?

TheMotleyFool

0 0

Share prices of CarParts.com (NASDAQ: PRTS) were taking a dive after the third-quarter earnings report came in.

The small-cap stock closed down 7.1% after it posted its slowest revenue growth since the pandemic started. The top line still grew by a healthy 21% to $141.8 million, which outpaced the average analyst estimate at $133.8 million, but the days of scorching growth during the pandemic seem to have ended. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) also fell from $5.1 million to $2.3 million due to higher costs associated with the supply crunch.

The Texas distribution center. Image source: Carparts.com.

Source Fool.com

Like: 0

PRTS

Share