CarParts.com (NASDAQ:PRTS - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Monday.
Separately, Craig Hallum upgraded shares of CarParts.com from a "hold" rating to a "buy" rating and set a $3.00 price objective on the stock in a research report on Thursday, March 6th.
View Our Latest Analysis on PRTS
CarParts.com Trading Down 9.5 %
Shares of NASDAQ PRTS traded down $0.10 during midday trading on Monday, hitting $0.94. The stock had a trading volume of 801,366 shares, compared to its average volume of 720,138. CarParts.com has a 1-year low of $0.68 and a 1-year high of $1.67. The company has a fifty day moving average price of $1.10 and a 200 day moving average price of $0.99. The company has a quick ratio of 0.57, a current ratio of 1.62 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $54.01 million, a price-to-earnings ratio of -1.75 and a beta of 2.11.
CarParts.com (NASDAQ:PRTS - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The specialty retailer reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.08). CarParts.com had a negative return on equity of 29.57% and a negative net margin of 5.11%. The business had revenue of $588.85 million during the quarter, compared to analyst estimates of $141.22 million.
Institutional Trading of CarParts.com
Institutional investors have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. bought a new position in shares of CarParts.com during the 4th quarter valued at $27,000. Raymond James Financial Inc. bought a new stake in shares of CarParts.com during the 4th quarter worth about $39,000. Squarepoint Ops LLC acquired a new position in shares of CarParts.com during the 4th quarter valued at about $71,000. XTX Topco Ltd raised its stake in shares of CarParts.com by 14.9% in the 3rd quarter. XTX Topco Ltd now owns 78,917 shares of the specialty retailer's stock valued at $72,000 after acquiring an additional 10,230 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in CarParts.com by 8.6% in the 4th quarter. Northern Trust Corp now owns 138,525 shares of the specialty retailer's stock worth $150,000 after purchasing an additional 10,954 shares during the last quarter. 75.30% of the stock is currently owned by institutional investors and hedge funds.
About CarParts.com
(
Get 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.
Featured Articles
Before you consider CarParts.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CarParts.com wasn't on the list.
While CarParts.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
