CarParts.com (NASDAQ:PRTS) Cut to Sell at StockNews.com

StockNews.com lowered shares of CarParts.com (NASDAQ:PRTS) from a hold rating to a sell rating in a research report released on Monday.

Separately, Craig Hallum raised shares of CarParts.com from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research report on Thursday, March 6th.

CarParts.com Trading Down 2.0 %

NASDAQ PRTS opened at $1.00 on Monday. CarParts.com has a 12 month low of $0.68 and a 12 month high of $1.68. The company has a current ratio of 1.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.10. The stock’s fifty day moving average price is $1.10 and its 200-day moving average price is $0.99. The stock has a market cap of $57.40 million, a P/E ratio of -1.85 and a beta of 2.11.

CarParts.com (NASDAQ:PRTS) last announced its quarterly earnings data 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 firm had revenue of $588.85 million for the quarter, compared to analysts’ expectations of $141.22 million. CarParts.com had a negative net margin of 5.11% and a negative return on equity of 29.57%.

Institutional Trading of CarParts.com

A number of institutional investors have recently made changes to their positions in the stock. Thompson Davis & CO. Inc. bought a new position in CarParts.com during the fourth quarter valued at approximately $27,000. Raymond James Financial Inc. bought a new position in shares of CarParts.com during the 4th quarter valued at $39,000. Squarepoint Ops LLC purchased a new position in shares of CarParts.com in the 4th quarter worth $71,000. XTX Topco Ltd grew its holdings in shares of CarParts.com by 14.9% in 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 period. Finally, Northern Trust Corp increased its position in CarParts.com by 8.6% during the fourth quarter. Northern Trust Corp now owns 138,525 shares of the specialty retailer’s stock valued at $150,000 after acquiring an additional 10,954 shares during the last quarter. Hedge funds and other 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.