CarParts.com (NASDAQ:PRTS) Price Target Raised to $0.60

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

Other equities analysts have also issued reports about the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of CarParts.com in a research report on Monday, April 20th. Wall Street Zen raised shares of CarParts.com from a “sell” rating to a “hold” rating in a research report on Sunday, April 19th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CarParts.com currently has a consensus rating of “Reduce” and a consensus target price of $0.60.

CarParts.com Price Performance

Shares of PRTS opened at $0.85 on Friday. The firm has a market capitalization of $59.92 million, a PE ratio of -1.37 and a beta of 0.84. The company’s 50-day moving average is $0.82 and its 200-day moving average is $0.64. 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 0.58, a current ratio of 1.66 and a quick ratio of 0.49.

CarParts.com (NASDAQ:PRTS) last issued its quarterly earnings data on Thursday, May 7th. The specialty retailer reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.09. The company had revenue of $131.96 million for the quarter, compared to analyst estimates of $131.38 million. CarParts.com had a negative net margin of 6.97% and a negative return on equity of 61.80%.

Hedge Funds Weigh In On CarParts.com

Hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC increased its position in CarParts.com by 2.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,352,700 shares of the specialty retailer’s stock worth $676,000 after acquiring an additional 35,900 shares during the period. Geode Capital Management LLC increased its position in CarParts.com by 14.9% during the fourth quarter. Geode Capital Management LLC now owns 649,984 shares of the specialty retailer’s stock worth $325,000 after acquiring an additional 84,064 shares during the period. State Street Corp increased its position in CarParts.com by 13.2% during the fourth quarter. State Street Corp now owns 237,938 shares of the specialty retailer’s stock worth $119,000 after acquiring an additional 27,800 shares during the period. Citadel Advisors LLC increased its position in CarParts.com by 171.5% during the third quarter. Citadel Advisors LLC now owns 148,771 shares of the specialty retailer’s stock worth $106,000 after acquiring an additional 93,971 shares during the period. Finally, Private Management Group Inc. bought a new position in CarParts.com during the third quarter worth about $65,000. 75.30% of the stock is owned by institutional investors.

CarParts.com News Summary

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

• Positive Sentiment: CarParts.com reported adjusted EPS of ($0.03), beating expectations of ($0.12), while revenue of $132.0 million also slightly topped estimates. CarParts.com Q1 2026 earnings report
• Positive Sentiment: Management said adjusted EBITDA turned positive and highlighted goals to scale last-mile delivery volume, which suggests improving operating leverage and execution. Seeking Alpha article on EBITDA and last-mile targets
• Neutral Sentiment: Royal Bank of Canada raised its price target on CarParts.com to $0.60 from $0.50 and kept a sector perform rating, which points to limited upside from current levels. Benzinga report on RBC price target change
• Negative Sentiment: Despite the earnings beat, revenue still declined 10.5% year over year and gross profit fell, showing the business remains under pressure. CarParts.com Q1 2026 press release

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.