CarParts.com (NASDAQ:PRTS) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of CarParts.com (NASDAQ:PRTS – Get Rating) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the specialty retailer’s stock.

A number of other equities research analysts also recently commented on PRTS. Lake Street Capital reduced their target price on CarParts.com from $14.00 to $12.00 and set a buy rating for the company in a report on Wednesday, March 8th. Roth Capital increased their price target on shares of CarParts.com from $7.50 to $9.00 in a report on Friday, December 16th.

CarParts.com Stock Down 2.0 %

NASDAQ PRTS opened at $5.42 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.91 and a quick ratio of 0.36. CarParts.com has a 52-week low of $3.91 and a 52-week high of $9.24. The firm has a 50-day moving average price of $6.57 and a 200 day moving average price of $5.87.

CarParts.com (NASDAQ:PRTS – Get Rating) last issued its earnings results on Tuesday, March 7th. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.02. The business had revenue of $154.52 million during the quarter, compared to the consensus estimate of $152.40 million. CarParts.com had a negative return on equity of 0.87% and a negative net margin of 0.14%. During the same period in the prior year, the business posted ($0.10) EPS. On average, equities research analysts predict that CarParts.com will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jim Barnes bought 18,700 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were bought at an average cost of $5.34 per share, for a total transaction of $99,858.00. Following the completion of the transaction, the director now owns 85,297 shares in the company, valued at $455,485.98. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other CarParts.com news, CMO Houman Akhavan sold 294,633 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $5.27, for a total value of $1,552,715.91. Following the sale, the chief marketing officer now owns 226,393 shares of the company’s stock, valued at $1,193,091.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jim Barnes purchased 18,700 shares of the stock in a transaction dated Wednesday, March 15th. The stock was acquired at an average price of $5.34 per share, for a total transaction of $99,858.00. Following the completion of the transaction, the director now directly owns 85,297 shares of the company’s stock, valued at $455,485.98. The disclosure for this purchase can be found here. Insiders own 10.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PRTS. Swiss National Bank increased its position in CarParts.com by 7.9% during the first quarter. Swiss National Bank now owns 93,100 shares of the specialty retailer’s stock worth $624,000 after buying an additional 6,800 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of CarParts.com by 55.2% during the first quarter. JPMorgan Chase & Co. now owns 196,114 shares of the specialty retailer’s stock valued at $1,314,000 after acquiring an additional 69,765 shares during the last quarter. Rhumbline Advisers increased its position in CarParts.com by 3.0% during the 1st 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. Dimensional Fund Advisors LP raised its stake in CarParts.com by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 544,512 shares of the specialty retailer’s stock valued at $3,649,000 after purchasing an additional 11,702 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in CarParts.com by 25.4% in the 1st quarter. Vontobel Holding Ltd. now owns 150,602 shares of the specialty retailer’s stock valued at $1,065,000 after purchasing an additional 30,543 shares in the last quarter. 85.08% of the stock is currently owned by institutional investors and hedge funds.

About CarParts.com

(Get Rating)

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.