CarParts.com price target lowered to $12 from $14 at Lake Street

Lake Street lowered the firm’s price target on CarParts.com to $12 from $14 and keeps a Buy rating on the shares the following the company’s Q4 earnings report and FY23 outlook. The firm calls the FY23 outlook "solid given the environment and argues that the company can grow the top line double-digits and trend towards 8%-plus adjusted EBITDA margin in "a normal environment," the analyst tells investors.