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

• Carparts.Com Inc (NASDAQ: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.