CarParts.com, Inc. (NASDAQ:PRTS) Short Interest Down 16.5% in March

CarParts.com, Inc. (NASDAQ:PRTS) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 559,900 shares, a decrease of 16.5% from the February 28th total of 670,800 shares. Based on an average daily trading volume, of 584,500 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.0% of the shares of the stock are short sold.

Institutional Trading of CarParts.com

Institutional investors have recently bought and sold shares of the company. FMR LLC lifted its stake in shares of CarParts.com by 26.6% in the 3rd quarter. FMR LLC now owns 426,441 shares of the specialty retailer’s stock valued at $386,000 after purchasing an additional 89,645 shares during the period. XTX Topco Ltd grew its stake in 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 purchasing an additional 10,230 shares during the period. Assenagon Asset Management S.A. increased its holdings in CarParts.com by 145.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 675,371 shares of the specialty retailer’s stock worth $729,000 after purchasing an additional 399,901 shares in the last quarter. Williams & Novak LLC lifted its stake in CarParts.com by 19.2% in the fourth quarter. Williams & Novak LLC now owns 151,500 shares of the specialty retailer’s stock valued at $164,000 after buying an additional 24,400 shares during the period. Finally, Thompson Davis & CO. Inc. bought a new position in shares of CarParts.com during the 4th quarter worth approximately $27,000. Institutional investors own 75.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on PRTS. StockNews.com upgraded CarParts.com from a “sell” rating to a “hold” rating in a research report on Tuesday. Craig Hallum upgraded CarParts.com from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a research report on Thursday, March 6th.

CarParts.com Trading Down 4.8 %

Shares of CarParts.com stock traded down $0.05 during midday trading on Thursday, reaching $0.99. The company had a trading volume of 173,134 shares, compared to its average volume of 721,208. The stock has a fifty day moving average price of $1.07 and a 200 day moving average price of $1.00. CarParts.com has a fifty-two week low of $0.68 and a fifty-two week high of $1.66. The firm has a market cap of $57.71 million, a PE ratio of -1.83 and a beta of 2.11. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.62 and a quick ratio of 0.57.

CarParts.com (NASDAQ:PRTS) last issued its quarterly earnings results on Tuesday, March 25th. The specialty retailer reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $588.85 million during the quarter, compared to analyst estimates of $141.22 million.

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.