CarParts.com (NASDAQ:PRTS) Lifted to “Hold” at StockNews.com – Defense World
CarParts.com (NASDAQ:PRTS – Get Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Saturday.
Several other research firms also recently commented on PRTS. Lake Street Capital initiated coverage on shares of CarParts.com in a research note on Friday, March 4th. They issued a “buy” rating and a $18.00 price target for the company. Craig Hallum dropped their price target on shares of CarParts.com from $20.00 to $15.00 in a research note on Wednesday, March 2nd. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $16.50.
NASDAQ:PRTS opened at $7.55 on Friday. The company has a fifty day simple moving average of $7.22 and a two-hundred day simple moving average of $8.88. The company has a market cap of $408.24 million, a price-to-earnings ratio of -68.63 and a beta of 2.45. The company has a quick ratio of 0.32, a current ratio of 1.63 and a debt-to-equity ratio of 0.14. CarParts.com has a 52 week low of $5.90 and a 52 week high of $20.74.
CarParts.com (NASDAQ:PRTS – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The specialty retailer reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.09. The business had revenue of $166.05 million during the quarter, compared to the consensus estimate of $160.20 million. CarParts.com had a negative net margin of 0.91% and a negative return on equity of 5.66%. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. On average, analysts expect that CarParts.com will post -0.13 EPS for the current year.
Several hedge funds have recently modified their holdings of the stock. Legal & General Group Plc grew its stake in shares of CarParts.com by 8.5% during the fourth quarter. Legal & General Group Plc now owns 15,270 shares of the specialty retailer’s stock worth $171,000 after purchasing an additional 1,196 shares in the last quarter. PDT Partners LLC grew its stake in shares of CarParts.com by 0.8% during the fourth quarter. PDT Partners LLC now owns 154,191 shares of the specialty retailer’s stock worth $1,727,000 after purchasing an additional 1,234 shares in the last quarter. Northern Trust Corp grew its stake in shares of CarParts.com by 0.3% during the fourth quarter. Northern Trust Corp now owns 470,145 shares of the specialty retailer’s stock worth $5,266,000 after purchasing an additional 1,369 shares in the last quarter. Rhumbline Advisers grew its stake in shares of CarParts.com by 3.0% during the first quarter. Rhumbline Advisers now owns 49,611 shares of the specialty retailer’s stock worth $332,000 after purchasing an additional 1,452 shares in the last quarter. Finally, Cornerstone Advisory LLC acquired a new position in shares of CarParts.com during the fourth quarter worth $33,000. 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, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce websites and online marketplaces.