CarParts.com (NASDAQ:PRTS – Get Free Report) and Workhorse Group (NASDAQ:WKHS – Get Free Report) are both small-cap auto/tires/trucks companies, but which is the better stock? We will compare the two businesses based on the strength of their valuation, earnings, analyst recommendations, institutional ownership, profitability, dividends and risk.
Institutional and Insider Ownership
75.3% of CarParts.com shares are held by institutional investors. Comparatively, 16.0% of Workhorse Group shares are held by institutional investors. 9.7% of CarParts.com shares are held by insiders. Comparatively, 1.9% of Workhorse Group shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Volatility & Risk
CarParts.com has a beta of 0.84, indicating that its stock price is 16% less volatile than the S&P 500. Comparatively, Workhorse Group has a beta of 2.68, indicating that its stock price is 168% more volatile than the S&P 500.
Profitability
| Net Margins | Return on Equity | Return on Assets | |
| CarParts.com | -9.21% | -79.79% | -25.50% |
| Workhorse Group | -606.64% | -232.69% | -71.18% |
Valuation and Earnings
This table compares CarParts.com and Workhorse Group”s top-line revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| CarParts.com | $547.53 million | 0.11 | -$50.44 million | ($0.86) | -0.96 |
| Workhorse Group | $6.62 million | 0.91 | -$101.79 million | ($85.96) | -0.03 |
CarParts.com has higher revenue and earnings than Workhorse Group. CarParts.com is trading at a lower price-to-earnings ratio than Workhorse Group, indicating that it is currently the more affordable of the two stocks.
Analyst Ratings
This is a breakdown of recent recommendations for CarParts.com and Workhorse Group, as reported by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| CarParts.com | 1 | 1 | 0 | 0 | 1.50 |
| Workhorse Group | 1 | 0 | 0 | 0 | 1.00 |
CarParts.com currently has a consensus price target of $0.50, suggesting a potential downside of 39.39%. Given CarParts.com’s stronger consensus rating and higher probable upside, equities research analysts clearly believe CarParts.com is more favorable than Workhorse Group.
Summary
CarParts.com beats Workhorse Group on 10 of the 13 factors compared between the two stocks.
About CarParts.com
CarParts.com, Inc., together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories. The company sells its products to individual customers through its flagship website www.carparts.com and app; online marketplaces, including third-party auction sites and shopping portals; and auto parts wholesale distributors. The company was formerly known as U.S. Auto Parts Network, Inc. and changed its name to CarParts.com, Inc. in July 2020. CarParts.com, Inc. was incorporated in 1995 and is headquartered in Torrance, California.
About Workhorse Group
Workhorse Group Inc., a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Sharonville, Ohio.
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