CarParts.com, Inc. (NASDAQ:PRTS) Given Consensus Recommendation of “Hold” by Brokerages – Defense World
CarParts.com, Inc. (NASDAQ:PRTS – Get Rating) has received a consensus rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $16.50.
PRTS has been the subject of a number of analyst reports. Lake Street Capital initiated coverage on shares of CarParts.com in a report on Friday, March 4th. They set a “buy” rating and a $18.00 price objective for the company. Royal Bank of Canada cut their price target on shares of CarParts.com from $21.00 to $15.00 in a research note on Thursday, January 27th. Craig Hallum lowered their price objective on CarParts.com from $20.00 to $15.00 in a research note on Wednesday, March 2nd. Zacks Investment Research downgraded CarParts.com from a “hold” rating to a “sell” rating in a research report on Saturday, March 5th. Finally, StockNews.com assumed coverage on shares of CarParts.com in a research report on Thursday, March 31st. They set a “sell” rating for the company.
CarParts.com stock opened at $6.27 on Monday. CarParts.com has a 12 month low of $5.90 and a 12 month high of $20.74. The stock has a market cap of $332.93 million, a price-to-earnings ratio of -29.86 and a beta of 2.55. The business has a 50 day moving average price of $7.42 and a two-hundred day moving average price of $10.59. The company has a quick ratio of 0.31, a current ratio of 1.74 and a debt-to-equity ratio of 0.13.
CarParts.com (NASDAQ:PRTS – Get Rating) last issued its earnings results on Tuesday, March 1st. The specialty retailer reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. CarParts.com had a negative return on equity of 11.17% and a negative net margin of 1.77%. The business had revenue of $138.26 million during the quarter, compared to analyst estimates of $126.33 million. On average, analysts expect that CarParts.com will post -0.25 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of PRTS. Virginia Retirement Systems ET AL acquired a new position in shares of CarParts.com during the first quarter worth approximately $74,000. Dynamic Advisor Solutions LLC increased its stake in shares of CarParts.com by 50.8% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 22,238 shares of the specialty retailer’s stock valued at $149,000 after buying an additional 7,488 shares during the period. Walleye Capital LLC raised its stake in shares of CarParts.com by 72.7% during the fourth quarter. Walleye Capital LLC now owns 73,315 shares of the specialty retailer’s stock worth $821,000 after buying an additional 30,865 shares during the last quarter. BlackRock Inc. lifted its holdings in CarParts.com by 6.7% in the fourth quarter. BlackRock Inc. now owns 3,188,137 shares of the specialty retailer’s stock valued at $35,707,000 after buying an additional 201,453 shares during the period. Finally, Cornerstone Advisory LLC bought a new position in CarParts.com in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 84.71% of the company’s stock.
About CarParts.com (Get Rating)
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 …….