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CARPARTS.COM, INC.

(PRTS)
  Report
Delayed Nasdaq  -  04:00 2022-10-07 pm EDT
4.740 USD   -6.14%
10/03Inflation to put U.S. auto industry in low gear
RE
09/16Auto industry ad spend falls to $4.8 billion in first seven months of 2022 - data
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08/29S.Korea to raise concerns about EV credits, battery sourcing in U.S. visit
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U.S. opens probe into 1.7 million Ford vehicles over brake hose recall

08/12/2022 | 07:53am EDT
FILE PHOTO: The Ford logo is pictured at the Ford Motor Co plant in Genk

WASHINGTON (Reuters) - U.S. auto safety regulators said Friday they are investigating whether a 2020 Ford Motor Co recall for vehicles with front brake hoses rupturing prematurely is adequate.

The National Highway Traffic Safety Administration (NHTSA) is opening a recall query into 1.7 million U.S. Ford 2013-2018 model year Fusion and Lincoln MKZ cars after receiving 50 complaints alleging front brake hose failures. Ford recalled 488,000 Ford Edge and Lincoln MKX vehicles in 2020 in the United States for brake hose failures.

Ford said it would cooperate with NHTSA's probe. NHTSA said many complaints reported brake hoses are rupturing, leaking brake fluid and occurring with little or no warning. The safety agency said it is aware of one alleged crash as a result of a failed brake hose.

(Reporting by David Shepardson; editing by Jason Neely)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CARPARTS.COM, INC. -6.14% 4.74 Delayed Quote.-54.91%
FORD MOTOR COMPANY -1.29% 12.2 Delayed Quote.-39.77%
All news about CARPARTS.COM, INC.
10/03Inflation to put U.S. auto industry in low gear
RE
09/16Auto industry ad spend falls to $4.8 billion in first seven months of 2022 - data
RE
08/29S.Korea to raise concerns about EV credits, battery sourcing in U.S. visit
RE
08/22China's scorching southwest extends power curbs as drought, heatwave continue
RE
08/12U.S. opens probe into 1.7 million Ford vehicles over brake hose recall
RE
08/11Two lawmakers ask U.S. regulator about Tesla crashes, safety probes
RE
08/03Roth Capital Raises CarParts.com's Price Target to $14 From $12, Maintains Buy Rating
MT
08/03Tranche Update on CarParts.com, Inc.'s Equity Buyback Plan announced on August 5, 2021.
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08/03Carparts Com : Reports Record Second Quarter 2022 Results - Form 8-K
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08/03CARPARTS.COM, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RES..
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Financials (USD)
Sales 2022 668 M - -
Net income 2022 -4,80 M - -
Net cash 2022 16,3 M - -
P/E ratio 2022 -58,3x
Yield 2022 -
Capitalization 275 M 275 M -
EV / Sales 2022 0,39x
EV / Sales 2023 0,33x
Nbr of Employees 1 529
Free-Float 87,9%
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Mean consensus BUY
Number of Analysts 5
Last Close Price 5,05 $
Average target price 16,40 $
Spread / Average Target 225%
EPS Revisions
Managers and Directors
David Meniane Chief Executive Officer & Director
Ryan Lockwood Chief Financial Officer
Warren Barry Phelps Chairman
Sanjiv Gomes Chief Information Officer
Kals Subramanian Chief Technology Officer
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