CarParts.com, Inc. (NASDAQ:PRTS - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.87 and traded as high as $0.89. CarParts.com shares last traded at $0.84, with a volume of 1,777,562 shares trading hands.
Analysts Set New Price Targets
PRTS has been the topic of several research analyst reports. Royal Bank Of Canada lowered their price target on CarParts.com from $0.80 to $0.70 and set a "sector perform" rating on the stock in a research report on Wednesday, August 13th. Wall Street Zen raised shares of CarParts.com from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, CarParts.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $1.85.
Get Our Latest Report on PRTS
CarParts.com Stock Up 0.4%
The company has a debt-to-equity ratio of 0.28, a current ratio of 1.47 and a quick ratio of 0.38. The firm has a market cap of $46.70 million, a PE ratio of -0.84 and a beta of 0.93. The business has a fifty day moving average price of $0.83 and a two-hundred day moving average price of $0.87.
CarParts.com (NASDAQ:PRTS - Get Free Report) last issued its earnings results on Tuesday, August 12th. The specialty retailer reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.04). CarParts.com had a negative net margin of 9.25% and a negative return on equity of 67.30%. The business had revenue of $151.95 million during the quarter, compared to analyst estimates of $153.46 million.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of PRTS. Northern Trust Corp raised its stake in shares of CarParts.com by 8.6% in 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. Mackenzie Financial Corp raised its position in CarParts.com by 6.8% in the 1st quarter. Mackenzie Financial Corp now owns 260,943 shares of the specialty retailer's stock valued at $261,000 after purchasing an additional 16,545 shares during the last quarter. Williams & Novak LLC raised its position in CarParts.com by 23.8% in the 2nd quarter. Williams & Novak LLC now owns 156,750 shares of the specialty retailer's stock valued at $116,000 after purchasing an additional 30,100 shares during the last quarter. Jane Street Group LLC bought a new position in CarParts.com in the 2nd quarter valued at $25,000. Finally, Marshall Wace LLP raised its position in CarParts.com by 345.8% in the 2nd quarter. Marshall Wace LLP now owns 68,546 shares of the specialty retailer's stock valued at $51,000 after purchasing an additional 53,170 shares during the last quarter. Hedge funds and other institutional investors own 75.30% of the company's stock.
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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