Traders Purchase Large Volume of CarParts.com Call Options (NASDAQ:PRTS)

CarParts.com, Inc. (NASDAQ:PRTS - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Investors purchased 8,820 call options on the company. This is an increase of 3,386% compared to the average volume of 253 call options.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Craig Hallum raised 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 note on Thursday. StockNews.com upgraded shares of CarParts.com from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th.

CarParts.com Trading Down 5.9 %

PRTS traded down $0.07 during mid-day trading on Friday, hitting $1.12. The stock had a trading volume of 552,964 shares, compared to its average volume of 738,215. The stock's fifty day simple moving average is $1.12 and its 200-day simple moving average is $0.98. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.62 and a quick ratio of 0.57. The firm has a market capitalization of $64.29 million, a price-to-earnings ratio of -2.07 and a beta of 2.11. CarParts.com has a 1-year low of $0.68 and a 1-year high of $2.02.

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Institutional Investors Weigh In On CarParts.com

Several hedge funds have recently bought and sold shares of PRTS. Mackenzie Financial Corp acquired a new stake in shares of CarParts.com during the fourth quarter worth $264,000. Squarepoint Ops LLC acquired a new stake in shares of CarParts.com during the fourth quarter worth $71,000. Two Sigma Advisers LP raised its holdings in shares of CarParts.com by 349.2% during the fourth quarter. Two Sigma Advisers LP now owns 238,100 shares of the specialty retailer's stock worth $257,000 after acquiring an additional 185,100 shares during the period. Two Sigma Investments LP raised its holdings in shares of CarParts.com by 46.9% during the fourth quarter. Two Sigma Investments LP now owns 358,804 shares of the specialty retailer's stock worth $388,000 after acquiring an additional 114,610 shares during the period. Finally, Oaktop Capital Management II L.P. raised its holdings in shares of CarParts.com by 23.4% during the fourth quarter. Oaktop Capital Management II L.P. now owns 4,597,302 shares of the specialty retailer's stock worth $4,965,000 after acquiring an additional 872,117 shares during the period. 75.30% of the stock is currently owned by institutional investors and hedge funds.

About CarParts.com

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.