CarParts.com (NASDAQ:PRTS) Price Target Lowered to $0.50 at Royal Bank Of Canada

CarParts.com (NASDAQ:PRTS) had its price objective lowered by Royal Bank Of Canada from $0.60 to $0.50 in a research report released on Friday,Benzinga reports. The firm currently has a sector perform rating on the specialty retailer’s stock.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CarParts.com in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $0.50.

CarParts.com Trading Down 3.1%

PRTS traded down $0.02 during trading on Friday, reaching $0.75. 1,281,100 shares of the company’s stock were exchanged, compared to its average volume of 921,509. The company’s fifty day moving average price is $0.58 and its 200-day moving average price is $0.62. The firm has a market capitalization of $52.08 million, a PE ratio of -0.87 and a beta of 0.84. CarParts.com has a fifty-two week low of $0.37 and a fifty-two week high of $1.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.59 and a current ratio of 1.71.

CarParts.com (NASDAQ:PRTS) last posted its quarterly earnings results on Thursday, March 5th. The specialty retailer reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.07. CarParts.com had a negative return on equity of 75.90% and a negative net margin of 9.21%.The company had revenue of $120.43 million for the quarter, compared to the consensus estimate of $118.91 million.

Hedge Funds Weigh In On CarParts.com

A number of hedge funds and other institutional investors have recently made changes to their positions in PRTS. State Street Corp grew its holdings in shares of CarParts.com by 13.2% in the 4th quarter. State Street Corp now owns 237,938 shares of the specialty retailer’s stock valued at $119,000 after buying an additional 27,800 shares during the period. Jane Street Group LLC bought a new position in CarParts.com during the second quarter worth about $25,000. Renaissance Technologies LLC grew its stake in CarParts.com by 2.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,352,700 shares of the specialty retailer’s stock valued at $676,000 after acquiring an additional 35,900 shares during the period. Williams & Novak LLC grew its stake in CarParts.com by 27.7% in the fourth quarter. Williams & Novak LLC now owns 188,500 shares of the specialty retailer’s stock valued at $94,000 after acquiring an additional 40,900 shares during the period. Finally, Argentarii LLC bought a new stake in shares of CarParts.com in the third quarter worth about $36,000. 75.30% of the stock is owned by institutional investors.

More CarParts.com News

Here are the key news stories impacting CarParts.com this week:

• Positive Sentiment: Earnings: Q4 EPS beat consensus (reported ($0.17) vs. ($0.24) est.) and reported revenue of $120.4M (roughly in line to slightly above some estimates), which many investors view as a modest execution signal despite continued losses. PR Newswire: CarParts.com Reports Fourth Quarter and Fiscal Year 2025 Results
• Positive Sentiment: Partnership / growth target: Management said it is targeting a $50M revenue run‑rate from its “A‑Premium” partnership and is advancing a cost‑structure reset — a potential medium‑term positive if execution reduces cash burn and lifts margins. Seeking Alpha: CarParts.com targets $50M revenue run rate
• Neutral Sentiment: Earnings materials & commentary: The prepared remarks and full call transcript are available for detail on initiatives and outlook — useful for investors who want management color on cadence and cost plans. Seeking Alpha: Q4 2025 Earnings Call Prepared Remarks Transcript
• Neutral Sentiment: Market perception / data: Market summaries and the company press release provide the full metrics (negative net margin ~9.7%, negative ROE ~76%), underscoring the turnaround required despite the EPS beat. MarketBeat: CarParts.com earnings summary
• Negative Sentiment: Analyst action: RBC cut its price target from $0.60 to $0.50 and set a “sector perform” rating — the new PT implies a sizable downside from current levels and likely contributed to selling pressure. TickerReport / Benzinga: RBC lowers price target on CarParts.com Benzinga coverage
• Negative Sentiment: Conflicting revenue take: Some outlets framed Q4 as “misses on revenue” while others show a slight beat — mixed press can amplify short‑term volatility and sell‑side skepticism. Investing.com: Q4 loss narrower but revenue miss
• Neutral Sentiment: Short‑interest data reported appears anomalous (0 shares / NaN changes) and provides no clear directional signal. Monitor official short‑interest filings if you track short pressure.

About CarParts.com

CarParts.com, Inc operates as a leading online retailer of aftermarket automotive parts and accessories in the United States. Through its flagship website CarParts.com and affiliated e-commerce platforms, the company offers replacement components, performance upgrades, maintenance items and collision repair parts for a wide range of domestic and import vehicles. Its product catalog includes engine parts, exterior and interior accessories, lighting, braking systems and powertrain components, supported by an extensive inventory and proprietary order management system.

Founded in 1995 by George Chamoun and headquartered in Torrance, California, CarParts.com has grown from a regional auto parts supplier into a national e-commerce platform.