CarParts.com (NASDAQ:PRTS) Upgraded at StockNews.com

StockNews.com upgraded shares of CarParts.com (NASDAQ:PRTS) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

Several other equities research analysts also recently commented on the stock. Lake Street Capital reduced their target price on shares of CarParts.com from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Royal Bank of Canada reduced their price target on shares of CarParts.com from $0.90 to $0.80 and set a “sector perform” rating on the stock in a research report on Wednesday, October 30th.

CarParts.com Stock Down 0.3 %

Shares of PRTS stock traded down $0.00 during trading on Tuesday, reaching $0.94. The company had a trading volume of 49,995 shares, compared to its average volume of 777,634. CarParts.com has a one year low of $0.68 and a one year high of $3.65. 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 firm’s 50 day simple moving average is $0.86 and its two-hundred day simple moving average is $0.98.

CarParts.com (NASDAQ:PRTS) last released its earnings results 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 return on equity of 29.57% and a negative net margin of 5.11%. The firm had revenue of $144.75 million for the quarter.

Institutional Trading of CarParts.com

Large investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in CarParts.com during the 1st quarter worth about $33,000. Cullen Frost Bankers Inc. acquired a new position in shares of CarParts.com during the second quarter worth approximately $50,000. XTX Topco Ltd grew its stake in shares of CarParts.com by 41.2% during the second quarter. XTX Topco Ltd now owns 68,687 shares of the specialty retailer’s stock valued at $69,000 after purchasing an additional 20,037 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of 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 second quarter valued at approximately $114,000. Institutional investors own 75.30% of the company’s stock.

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.