Cannell Capital LLC bought a new position in CarParts.com, Inc. (NASDAQ:PRTS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,156,595 shares of the specialty retailer's stock, valued at approximately $1,249,000. Cannell Capital LLC owned about 2.01% of CarParts.com at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Thompson Davis & CO. Inc. bought a new position in CarParts.com in the 4th quarter worth approximately $27,000. Raymond James Financial Inc. acquired a new stake in shares of CarParts.com in the 4th quarter valued at $39,000. XTX Topco Ltd raised its position in shares of CarParts.com by 14.9% during the third quarter. XTX Topco Ltd now owns 78,917 shares of the specialty retailer's stock worth $72,000 after acquiring an additional 10,230 shares during the last quarter. Williams & Novak LLC lifted its stake in shares of CarParts.com by 19.2% during the fourth quarter. Williams & Novak LLC now owns 151,500 shares of the specialty retailer's stock valued at $164,000 after acquiring an additional 24,400 shares during the period. Finally, AMH Equity Ltd bought a new position in CarParts.com in the fourth quarter valued at about $368,000. 75.30% of the stock is currently owned by institutional investors and hedge funds.
CarParts.com Trading Down 1.9 %
Shares of NASDAQ:PRTS traded down $0.02 during midday trading on Friday, hitting $0.82. The company had a trading volume of 504,235 shares, compared to its average volume of 717,185. The company has a current ratio of 1.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.10. CarParts.com, Inc. has a 12 month low of $0.68 and a 12 month high of $1.46. The firm has a fifty day simple moving average of $1.00 and a 200 day simple moving average of $1.00. The stock has a market cap of $47.76 million, a price-to-earnings ratio of -1.52 and a beta of 2.04.
CarParts.com (NASDAQ:PRTS - Get Free Report) last issued its earnings results on Tuesday, March 25th. The specialty retailer reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.08). The company had revenue of $588.85 million for the quarter, compared to the consensus estimate of $141.22 million. CarParts.com had a negative return on equity of 29.57% and a negative net margin of 5.11%.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Craig Hallum raised CarParts.com from a "hold" rating to a "buy" rating and set a $3.00 price objective for the company in a report on Thursday, March 6th. StockNews.com upgraded shares of CarParts.com from a "sell" rating to a "hold" rating in a research report on Tuesday, April 1st.
Get Our Latest Research Report on PRTS
CarParts.com Company Profile
(
Free Report)
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.
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