CarParts.com, Inc. (NASDAQ:PRTS - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.95 and traded as high as $1.31. CarParts.com shares last traded at $1.25, with a volume of 360,456 shares.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on PRTS shares. StockNews.com raised CarParts.com from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Royal Bank of Canada decreased their price target on CarParts.com from $0.90 to $0.80 and set a "sector perform" rating for the company in a report on Wednesday, October 30th.
Read Our Latest Analysis on PRTS
CarParts.com Stock Down 2.8 %
The company has a market capitalization of $69.74 million, a price-to-earnings ratio of -2.25 and a beta of 2.00. The firm has a 50 day moving average price of $1.04 and a two-hundred day moving average price of $0.95. The company has a quick ratio of 0.57, a current ratio of 1.62 and a debt-to-equity ratio of 0.10.
CarParts.com (NASDAQ:PRTS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The specialty retailer reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.06). The company had revenue of $144.75 million for the quarter. CarParts.com had a negative net margin of 5.11% and a negative return on equity of 29.57%.
Hedge Funds Weigh In On CarParts.com
A number of institutional investors have recently made changes to their positions in PRTS. GSA Capital Partners LLP raised its stake in shares of CarParts.com by 236.5% in the 3rd quarter. GSA Capital Partners LLP now owns 1,233,829 shares of the specialty retailer's stock valued at $1,118,000 after buying an additional 867,140 shares in the last quarter. FMR LLC lifted its position in shares of CarParts.com by 26.6% during the 3rd quarter. FMR LLC now owns 426,441 shares of the specialty retailer's stock worth $386,000 after buying an additional 89,645 shares during the period. XTX Topco Ltd boosted its stake in CarParts.com by 41.2% in the 2nd quarter. XTX Topco Ltd now owns 68,687 shares of the specialty retailer's stock valued at $69,000 after buying an additional 20,037 shares in the last quarter. Williams & Novak LLC raised its stake in CarParts.com by 11.1% during the third quarter. Williams & Novak LLC now owns 127,100 shares of the specialty retailer's stock worth $115,000 after acquiring an additional 12,650 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of CarParts.com in the 2nd quarter valued at $93,000. 75.30% of the stock is currently owned by institutional investors.
CarParts.com Company Profile
(
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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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