CarParts.com (NASDAQ:PRTS - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Tuesday.
Separately, Craig Hallum upgraded CarParts.com from a "hold" rating to a "buy" rating and set a $3.00 price target on the stock in a report on Thursday, March 6th.
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CarParts.com Stock Down 12.7 %
Shares of PRTS stock traded down $0.13 on Tuesday, hitting $0.87. The stock had a trading volume of 569,961 shares, compared to its average volume of 724,267. CarParts.com has a one year low of $0.68 and a one year high of $1.66. The business has a 50 day moving average price of $1.06 and a 200 day moving average price of $1.00. The company has a market cap of $50.59 million, a PE ratio of -1.61 and a beta of 2.11. 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 results on Tuesday, March 25th. The specialty retailer reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.08). The business had revenue of $588.85 million during the quarter, compared to the consensus estimate of $141.22 million. 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
Several institutional investors and hedge funds have recently bought and sold shares of the company. Thompson Davis & CO. Inc. purchased a new stake in shares of CarParts.com during the 4th quarter valued at $27,000. Raymond James Financial Inc. purchased a new stake in CarParts.com in the fourth quarter valued at about $39,000. Squarepoint Ops LLC acquired a new stake in CarParts.com in the fourth quarter worth about $71,000. XTX Topco Ltd grew its stake 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. Finally, Northern Trust Corp grew its stake in shares of CarParts.com by 8.6% during the fourth quarter. Northern Trust Corp now owns 138,525 shares of the specialty retailer's stock worth $150,000 after acquiring an additional 10,954 shares during the last quarter. 75.30% of the stock is owned by hedge funds and other institutional investors.
About CarParts.com
(
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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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