CarParts.com (NASDAQ:PRTS) Cut to “D+” at TheStreet – MarketBeat
CarParts.com (NASDAQ:PRTS) was downgraded by stock analysts at TheStreet from a “c-” rating to a “d+” rating in a note issued to investors on Monday, TheStreetRatingsTable reports.
Several other analysts have also commented on PRTS. Roth Capital cut their price objective on CarParts.com from $30.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, December 28th. Zacks Investment Research raised CarParts.com from a “sell” rating to a “hold” rating in a report on Thursday, January 6th.
CarParts.com stock opened at $9.01 on Monday. The firm has a market cap of $473.39 million, a price-to-earnings ratio of -50.05 and a beta of 2.56. The stock has a fifty day simple moving average of $11.75 and a two-hundred day simple moving average of $14.77. CarParts.com has a 12 month low of $8.26 and a 12 month high of $23.26. The company has a current ratio of 1.79, a quick ratio of 0.38 and a debt-to-equity ratio of 0.14.
CarParts.com (NASDAQ:PRTS) last posted its earnings results on Monday, November 1st. The specialty retailer reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.04). The business had revenue of $141.85 million during the quarter, compared to the consensus estimate of $135.77 million. CarParts.com had a negative return on equity of 9.86% and a negative net margin of 1.56%. During the same period in the previous year, the business posted $0.03 EPS. On average, equities research analysts forecast that CarParts.com will post -0.22 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new stake in shares of CarParts.com in the second quarter worth about $28,306,000. Janus Henderson Group PLC purchased a new stake in shares of CarParts.com in the third quarter worth about $17,041,000. Wells Fargo & Company MN lifted its position in shares of CarParts.com by 31.1% in the second quarter. Wells Fargo & Company MN now owns 2,076,859 shares of the specialty retailer’s stock worth $42,286,000 after buying an additional 493,034 shares in the last quarter. Oaktop Capital Management II L.P. purchased a new stake in shares of CarParts.com in the third quarter worth about $7,475,000. Finally, Assenagon Asset Management S.A. increased its stake in CarParts.com by 196.7% during the third quarter. Assenagon Asset Management S.A. now owns 673,030 shares of the specialty retailer’s stock worth $10,506,000 after acquiring an additional 446,197 shares during the last quarter. Institutional investors and hedge funds own 80.71% of the company’s stock.
CarParts.com Company Profile
CarParts.com, Inc operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. Its products include Collision Parts, Engine Parts, Performance Parts and Accessories. The firm also sells auto parts to collision repair shops, markets Kool-Vue products to auto parts wholesale distributor, and aftermarket catalytic converters under the Evan Fischer brand.
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