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