DA Davidson initiated coverage on PARTS iD with a new price target
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DA Davidson initiated coverage of PARTS iD with a rating of Buy and set a new price target of $12.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/10/2022 | $4.00 → $3.00 | Buy → Hold | Canaccord Genuity |
| 11/10/2021 | $4.25 | Buy → Neutral | DA Davidson |
SC 13G/A - PARTS iD, Inc. (0001698113) (Subject)
SC 13D/A - PARTS iD, Inc. (0001698113) (Subject)
SC 13D/A - PARTS iD, Inc. (0001698113) (Subject)
3 - PARTS iD, Inc. (0001698113) (Issuer)
3 - PARTS iD, Inc. (0001698113) (Issuer)
4 - PARTS iD, Inc. (0001698113) (Issuer)
8-K - PARTS iD, Inc. (0001698113) (Filer)
25-NSE - PARTS iD, Inc. (0001698113) (Subject)
8-K - PARTS iD, Inc. (0001698113) (Filer)
Canaccord Genuity downgraded PARTS iD from Buy to Hold and set a new price target of $3.00 from $4.00 previously
DA Davidson downgraded PARTS iD from Buy to Neutral and set a new price target of $4.25
Canaccord Genuity initiated coverage of PARTS iD with a rating of Buy and set a new price target of $12.00
PARTS iD, Inc. (NYSE:ID) ("PARTS iD" or "Company"), the owner and operator of, among other verticals, "CARiD.com," a leading digital commerce platform for the automotive aftermarket, today announced results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial Summary (Comparisons versus Third Quarter 2021) Net revenue was $79.9 million as compared to $102.6 million. Gross margin was 19.9% as compared to 19.8%. Operating expenses as a percent of net revenue were 23.7% as compared to 23.9%. Operating loss was $(3.0) million as compared to operating loss of $(4.2) million. Net loss was $(6.3) million as compared to net loss of $(3.3) million. Adjusted
PARTS iD, Inc. (NYSE:ID) ("PARTS iD" or "Company), the owner and operator of, among other verticals, "CARiD.com," a leading digital commerce platform for the automotive aftermarket, announced today that the company will release its financial results for the third quarter ended September 30, 2022, after the market close on Wednesday, November 9, 2022. Management will host a conference call that afternoon (November 9, 2022) at 4:30 p.m. ET to discuss the financial results. There will be a slide presentation that accompanies management's prepared remarks. The slides and audio will be accessible through a live webcast at https://www.partsidinc.com/. Investors and analysts interested in partici
PARTS iD, Inc. (NYSE:ID) ("PARTS iD" or "Company"), the owner and operator of, among other verticals, "CARiD.com," a leading digital commerce platform for the automotive aftermarket, today announced results for the second quarter ended June 30, 2022. Second Quarter 2022 Financial Summary (Comparisons versus Second Quarter 2021 and First Quarter 2022) Net revenue was $104.3 million, a decrease of 20.1% as compared to Q2 2021 and an increase of 9.9% as compared to Q1 2022. Gross margin was 19.7% as compared to 20.0% in Q2 2021 and 19.5% in Q1 2022. Operating expenses as a percent of net revenue were 20.6% as compared to 19.4% in Q2 2021 and 24.6% in Q1 2022. Operating loss was $(0.9)
PARTS iD, Inc. (NYSE:ID) ("PARTS iD" or "the Company") today announced that it received notification from the New York Stock Exchange ("NYSE") that the NYSE has initiated proceedings to delist the Class A common stock of PARTS iD, Inc. from NYSE American. The NYSE also indefinitely suspended trading of the Company's Class A common stock effective December 26, 2023. PARTS iD does not intend to appeal the NYSE's determination. The NYSE determined that the Company is no longer suitable for listing and will commence delisting proceedings pursuant to Section 1003(c)(iii) of the NYSE American Company Guide in light of the disclosure on December 26, 2023 that the Company filed a voluntary petiti
PARTS iD, Inc. (NYSE:ID) ("PARTS iD" or "the Company") today announced that it has received written notice (the "Notice") from the NYSE American LLC (the "NYSE American") indicating that the Company is not in compliance with the NYSE American's continued listing standards because the Company did not timely file its Quarterly Report on Form 10-Q for the quarter September 30, 2023 (the "Form 10-Q"), which was due on November 20, 2023. In accordance with Section 1007 of the NYSE American Company Guide, the Company will have six months from the date of the Notice (the "Initial Cure Period"), to file the Form 10-Q with the Securities and Exchange Commission (the "SEC"). If the Company fails to
PARTS iD, Inc. (NYSE:ID) ("PARTS iD" or "the Company") today announced that it has received written notice (the "Notice") from the NYSE American LLC (the "NYSE American") stating that it is not in compliance with the continued listing standard set forth in Section 1003(f)(v) of the NYSE American Company Guide (the "Company Guide") because the Company's common stock was selling for a substantial period of time at a low price per share. The Notice stated that the Company's continued listing is predicated on it effecting a reverse stock split of its common stock or otherwise demonstrating sustained price improvement within a reasonable period of time, which NYSE American has determined to be
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PARTS iD, Inc. (NYSE:ID) ("PARTS iD" or "Company"), the owner and operator of, among other verticals, "CARiD.com," a leading digital commerce platform for the automotive aftermarket, today announced the appointment of James Doss as its Chief Financial Officer effective January 1, 2023. Doss will assume the role following the retirement of current Chief Financial Officer Kailas Agrawal at the end of this year. "We are appreciative of the work Kailas has done to bring us to this point as a public company and we wish him the best in retirement," said Nino Ciappina, CEO of PARTS iD, Inc. "As we look ahead, we are very pleased to have Jim join PARTS iD. Jim's extensive financial and strategic e
PARTS iD, Inc. (NYSE:ID) ("PARTS iD" or "the Company") the owner and operator of, among other verticals, "CARiD.com," a leading digital commerce platform for the automotive aftermarket, today announced the appointment of Lev Peker to its board of directors effective September 28, 2022. "Lev's experience building and bringing to profitability disruptive online businesses, particularly in the automotive and automotive parts industry, makes him a valuable addition to our board," said Prashant Pathak, Chairman of PARTS iD. "We're pleased to welcome Lev and know that the Company and its shareholders will benefit from his industry expertise and track record of value creation." Mr. Peker served