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Earnings Preview: CarParts.com to Report Financial Results Post-market on May 13
$CarParts.com(PRTS.US)$ is scheduled to release its financial results post-market on May 13 ET. Earnings PreviewAnalysts estimate $CarParts.com(PRTS.US)$ to post revenue of USD146.14M for 2025Q1,
Express News | India proposed to implement zero tariffs on a certain quantity of auto parts and Steel from the USA.
Another change? It is reported that Trump is about to take action to adjust Autos tariffs to alleviate the impact.
According to media reports citing informed sources, President Trump of the USA is expected to take action on Tuesday to mitigate the impact of his Autos tariff policy.
After-hours trading saw General Motors surge by 6%, as the White House stated that Trump plans to waive certain tariffs for Auto Manufacturers.
The White House confirmed to the media on Wednesday that Trump intends to exempt certain tariffs on Auto Parts. Previously, media reports indicated that this exemption includes tariffs on Steel and Aluminum, but does not include the 25% tariff on imported complete vehicles and does not affect the 25% tariff on Auto Parts set to be enforced starting May 3. Analysis suggests that this is another retreat by Trump from his most aggressive tariff policy.
Calculating The Fair Value Of CarParts.com, Inc. (NASDAQ:PRTS)
The six major automobile organizations in the United States jointly lobby the Trump administration: do not impose tariffs on auto parts!
① In response to the upcoming Auto Parts tariff, six major organizations representing America's Car-Mart have unusually united to lobby the Trump administration against imposing this tariff; ② In a letter to officials in the Trump administration, they stated that the impending tariff could jeopardize auto production in the USA, with many auto suppliers already "in dire straits."
