Risk factor
Very high price volatility
Profitability factor
Very low or no dividends
About
CarParts.com, Inc., and its associated enterprises, functions as a leading online distributor of aftermarket automotive components and accessories across both the United States and the Philippines. The company provides an extensive selection of vehicle parts, encompassing replacement items like exterior body panels, mirror systems, various engine and chassis assemblies, and other mechanical and electrical components, in addition to performance upgrades and aesthetic accessories. These products are primarily sold to individual customers through its network of proprietary e-commerce platforms and various third-party online marketplaces. Beyond direct consumer sales, CarParts.com also serves the B2B sector by supplying automotive parts to collision repair facilities. Furthermore, it markets Kool-Vue branded products to wholesale auto parts distributors and offers aftermarket catalytic converters under its Evan Fischer label. The company's prominent digital storefronts include www.carparts.com, www.jcwhitney.com, www.autopartswarehouse.com, and www.usautoparts.com. Established in 1995, the corporation was initially known as U.S. Auto Parts Network, Inc., before officially changing its name to CarParts.com, Inc. in July 2020. Its corporate headquarters are situated in Torrance, California.
Company Valuation
Based on key historical and expected multiples, the stock is slightly undervalued relative to its peers. In particular, the stock is 'expensive' on EV/EBITDA.
Target Price
The average target price of PRTS is 10.8 and suggests 38% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to increa