CarParts.com (PRTS) Set to Announce Quarterly Earnings on Tuesday – MarketBeat
CarParts.com (NASDAQ:PRTS) is scheduled to be announcing its earnings results after the market closes on Tuesday, March 1st. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
PRTS stock opened at $7.98 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.38 and a current ratio of 1.79. The company has a market capitalization of $419.27 million, a price-to-earnings ratio of -44.33 and a beta of 2.56. CarParts.com has a fifty-two week low of $7.85 and a fifty-two week high of $20.74. The stock has a fifty day moving average of $10.19 and a 200-day moving average of $13.60.
A number of large investors have recently made changes to their positions in PRTS. Goldman Sachs Group Inc. raised its stake in CarParts.com by 195.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,549,509 shares of the specialty retailer’s stock valued at $28,554,000 after buying an additional 1,687,162 shares during the last quarter. Morgan Stanley raised its stake in CarParts.com by 18.1% during the second quarter. Morgan Stanley now owns 2,445,197 shares of the specialty retailer’s stock valued at $49,784,000 after buying an additional 373,946 shares during the last quarter. Millennium Management LLC raised its stake in CarParts.com by 127.7% during the fourth quarter. Millennium Management LLC now owns 336,585 shares of the specialty retailer’s stock valued at $3,770,000 after buying an additional 188,796 shares during the last quarter. State Street Corp raised its stake in CarParts.com by 8.9% during the fourth quarter. State Street Corp now owns 1,435,382 shares of the specialty retailer’s stock valued at $16,076,000 after buying an additional 117,613 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in CarParts.com by 91.7% during the fourth quarter. Renaissance Technologies LLC now owns 235,600 shares of the specialty retailer’s stock valued at $2,639,000 after buying an additional 112,700 shares during the last quarter. Institutional investors and hedge funds own 80.71% of the company’s stock.
A number of brokerages recently issued reports on PRTS. Zacks Investment Research raised CarParts.com from a “sell” rating to a “hold” rating in a report on Thursday, January 6th. TheStreet cut CarParts.com from a “c-” rating to a “d+” rating in a report on Monday, January 24th. Roth Capital decreased their price objective on CarParts.com from $30.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, December 28th. Finally, Royal Bank of Canada decreased their price objective on CarParts.com from $21.00 to $15.00 in a report on Thursday, January 27th.
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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