GSA Capital Partners LLP Has $1.12 Million Stake in CarParts.com, Inc. (NASDAQ:PRTS)

GSA Capital Partners LLP boosted its holdings in CarParts.com, Inc. (NASDAQ:PRTS - Free Report) by 236.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,233,829 shares of the specialty retailer's stock after acquiring an additional 867,140 shares during the period. GSA Capital Partners LLP owned 2.15% of CarParts.com worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PRTS. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of CarParts.com during the first quarter worth $33,000. Cullen Frost Bankers Inc. acquired a new position in CarParts.com in the second quarter worth $50,000. XTX Topco Ltd grew its position in shares of CarParts.com by 41.2% during 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in CarParts.com in the second quarter valued at approximately $93,000. Finally, Williams & Novak LLC acquired a new stake in shares of CarParts.com in the 2nd quarter worth about $114,000. Institutional investors and hedge funds own 75.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PRTS shares. StockNews.com raised CarParts.com from a "sell" rating to a "hold" rating in a research note on Tuesday. Lake Street Capital dropped their target price on shares of CarParts.com from $3.00 to $2.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. Finally, Royal Bank of Canada reduced their target price on shares of CarParts.com from $0.90 to $0.80 and set a "sector perform" rating for the company in a report on Wednesday, October 30th.

CarParts.com Stock Up 7.1 %

NASDAQ:PRTS traded up $0.07 during mid-day trading on Friday, reaching $1.01. The stock had a trading volume of 456,169 shares, compared to its average volume of 779,464. 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 stock has a market cap of $57.97 million, a P/E ratio of -1.87 and a beta of 2.06. The business's 50 day moving average is $0.86 and its 200 day moving average is $0.98. CarParts.com, Inc. has a fifty-two week low of $0.68 and a fifty-two week high of $3.65.

CarParts.com (NASDAQ:PRTS - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The specialty retailer reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.06). CarParts.com had a negative net margin of 5.11% and a negative return on equity of 29.57%. The company had revenue of $144.75 million during the quarter.

CarParts.com Company Profile

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.