CarParts.com (NASDAQ:PRTS) Downgraded by StockNews.com to Sell – MarketBeat
CarParts.com (NASDAQ:PRTS – Get Rating) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.
A number of other research firms also recently weighed in on PRTS. Craig Hallum decreased their price objective on CarParts.com from $20.00 to $15.00 in a report on Wednesday, March 2nd. Lake Street Capital started coverage on CarParts.com in a report on Friday, March 4th. They set a “buy” rating and a $18.00 price objective on the stock. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.50.
NASDAQ PRTS traded up $0.13 during trading on Wednesday, reaching $8.00. 538,876 shares of the company traded hands, compared to its average volume of 1,010,297. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.32 and a current ratio of 1.63. The stock’s 50 day moving average price is $7.31 and its two-hundred day moving average price is $8.56. The company has a market cap of $432.57 million, a price-to-earnings ratio of -72.72 and a beta of 2.45. CarParts.com has a 1-year low of $5.90 and a 1-year high of $20.74.
CarParts.com (NASDAQ:PRTS – Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The specialty retailer reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.09. The company had revenue of $166.05 million for the quarter, compared to the consensus estimate of $160.20 million. CarParts.com had a negative return on equity of 5.66% and a negative net margin of 0.91%. During the same period in the previous year, the business earned ($0.06) earnings per share. Equities research analysts expect that CarParts.com will post -0.13 EPS for the current fiscal year.
In other news, VP Alfredo Gomez sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $7.05, for a total value of $70,500.00. Following the transaction, the vice president now directly owns 536,264 shares of the company’s stock, valued at approximately $3,780,661.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.00% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of PRTS. Geode Capital Management LLC raised its position in CarParts.com by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 726,503 shares of the specialty retailer’s stock worth $11,340,000 after purchasing an additional 35,354 shares during the last quarter. Renaissance Technologies LLC bought a new position in CarParts.com in the 3rd quarter worth approximately $1,918,000. Dimensional Fund Advisors LP raised its position in CarParts.com by 98.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 560,158 shares of the specialty retailer’s stock worth $8,744,000 after purchasing an additional 277,970 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in CarParts.com in the 3rd quarter worth approximately $407,000. Finally, Janus Henderson Group PLC bought a new position in CarParts.com in the 3rd quarter worth approximately $17,041,000. Hedge funds and other institutional investors own 84.41% of the company’s stock.
CarParts.com Company Profile (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, …….