CarParts.com (NASDAQ:PRTS) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• CarParts.com passed above its 200-day moving average (200‑day MA $0.63) on Monday, trading as high as $0.9795 and last at $0.9572 on volume of 367,758 shares, signaling short‑term technical strength.
• Analyst sentiment is mixed-to-negative: the stock carries an average rating of "Reduce" with an average target price of $0.50 after downgrades and price-target cuts, though one shop recently moved the rating from sell to hold.
• Fundamentals remain challenged — market cap ~$67.5M, negative net margin (‑9.21%) and ROE (‑79.79%) — but the company beat the quarter's EPS and revenue estimates, and institutional ownership is high at 75.3% with several funds increasing positions.

CarParts.com, Inc. (NASDAQ:PRTS - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.63 and traded as high as $0.9795. CarParts.com shares last traded at $0.9572, with a volume of 367,758 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have commented on PRTS shares. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of CarParts.com in a report on Monday, April 20th. Wall Street Zen raised CarParts.com from a "sell" rating to a "hold" rating in a report on Sunday, April 19th. Finally, Royal Bank Of Canada decreased their price objective on CarParts.com from $0.60 to $0.50 and set a "sector perform" rating on the stock in a report on Friday, March 6th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $0.50.

CarParts.com Trading Down 1.5%

The company has a market capitalization of $67.47 million, a price-to-earnings ratio of -1.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.49 and a current ratio of 1.66. The firm has a fifty day moving average price of $0.80 and a 200-day moving average price of $0.63.

CarParts.com (NASDAQ:PRTS - Get Free Report) last issued its earnings results on Thursday, March 5th. The specialty retailer reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.07. The company had revenue of $120.43 million during the quarter, compared to analysts' expectations of $118.91 million. CarParts.com had a negative net margin of 9.21% and a negative return on equity of 79.79%.

Hedge Funds Weigh In On CarParts.com

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of CarParts.com by 14.9% in the 4th quarter. Geode Capital Management LLC now owns 649,984 shares of the specialty retailer's stock valued at $325,000 after buying an additional 84,064 shares in the last quarter. State Street Corp raised its position in shares of CarParts.com by 13.2% in the 4th quarter. State Street Corp now owns 237,938 shares of the specialty retailer's stock valued at $119,000 after buying an additional 27,800 shares in the last quarter. Citadel Advisors LLC raised its position in shares of CarParts.com by 171.5% in the 3rd quarter. Citadel Advisors LLC now owns 148,771 shares of the specialty retailer's stock valued at $106,000 after buying an additional 93,971 shares in the last quarter. Private Management Group Inc. acquired a new position in shares of CarParts.com in the 3rd quarter valued at approximately $65,000. Finally, Marshall Wace LLP boosted its stake in CarParts.com by 345.8% in the second quarter. Marshall Wace LLP now owns 68,546 shares of the specialty retailer's stock valued at $51,000 after buying an additional 53,170 shares in the last quarter. 75.30% of the stock is currently owned by institutional investors and hedge funds.

About CarParts.com

CarParts.com, Inc operates as a leading online retailer of aftermarket automotive parts and accessories in the United States. Through its flagship website CarParts.com and affiliated e-commerce platforms, the company offers replacement components, performance upgrades, maintenance items and collision repair parts for a wide range of domestic and import vehicles. Its product catalog includes engine parts, exterior and interior accessories, lighting, braking systems and powertrain components, supported by an extensive inventory and proprietary order management system.

Founded in 1995 by George Chamoun and headquartered in Torrance, California, CarParts.com has grown from a regional auto parts supplier into a national e-commerce platform.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.