Virginia Retirement Systems ET AL Purchases New Holdings in CarParts.com, Inc. (NASDAQ:PRTS) – Defense World
Virginia Retirement Systems ET AL purchased a new stake in shares of CarParts.com, Inc. (NASDAQ:PRTS – Get Rating) during the 1st quarter, Holdings Channel.com reports. The fund purchased 11,100 shares of the specialty retailer’s stock, valued at approximately $74,000.
A number of other large investors have also recently modified their holdings of PRTS. CCG Wealth Management LLC bought a new position in CarParts.com during the 4th quarter valued at about $466,000. Isthmus Partners LLC bought a new position in CarParts.com in the 4th quarter worth about $844,000. Allspring Global Investments Holdings LLC bought a new position in CarParts.com in the 4th quarter worth about $28,339,000. Chimera Capital Management LLC bought a new position in CarParts.com in the 4th quarter worth about $4,846,000. Finally, Landscape Capital Management L.L.C. grew its stake in CarParts.com by 23.4% in the 4th quarter. Landscape Capital Management L.L.C. now owns 375,106 shares of the specialty retailer’s stock worth $4,201,000 after acquiring an additional 71,213 shares in the last quarter. Institutional investors own 84.41% of the company’s stock.
In other news, VP Alfredo Gomez sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $7.05, for a total value of $70,500.00. Following the completion of the sale, the vice president now owns 536,264 shares of the company’s stock, valued at approximately $3,780,661.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.00% of the stock is currently owned by corporate insiders.
Shares of PRTS opened at $7.61 on Wednesday. The company has a 50 day moving average price of $7.57 and a 200-day moving average price of $8.04. CarParts.com, Inc. has a fifty-two week low of $5.90 and a fifty-two week high of $20.74. The stock has a market capitalization of $411.47 million, a PE ratio of -69.18 and a beta of 2.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.32 and a current ratio of 1.63.
CarParts.com (NASDAQ:PRTS – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The specialty retailer reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.09. CarParts.com had a negative net margin of 0.91% and a negative return on equity of 5.66%. The firm had revenue of $166.05 million during the quarter, compared to analysts’ expectations of $160.20 million. During the same quarter in the prior year, the company earned ($0.06) EPS. Equities research analysts forecast that CarParts.com, Inc. will post -0.13 EPS for the current year.
Separately, StockNews.com upgraded shares of CarParts.com from a “sell” rating to a “hold” rating in a research note on Thursday, June 30th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, CarParts.com has a consensus rating of “Moderate Buy” and an average price target of $16.50.
CarParts.com 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.
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