Carparts.Com Terminates At-The-Market Equity Offering Program

by Shivani Kumaresan, Benzinga Staff Writer

March 21, 2022 11:43 AM | 1 min read | Make a Comment

Carparts.Com Inc PRTS said it has decided to terminate its at-the-market equity offering program (ATM Facility) with DA Davidson as a sales agent.
The termination will be effective from March 18, 2022. CarParts.com had not sold any of its common shares under the ATM Program.
Recently, the company posted $138.3 million in revenue in the fourth quarter, beating the consensus of $133.34 million.
Carparts held $18.1 million in cash and equivalents as of January 1, 2022.
The company has repurchased 40,000 shares since the initiation of its $30 million stock repurchase program and has $29.5 million remaining under the authorization.
Price Action: PRTS shares are trading lower by 2.80% at $7.28 on the last check Monday.

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