CarParts.com, Inc. (NASDAQ:PRTS) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lowered its position in shares of CarParts.com, Inc. (NASDAQ:PRTS) by 72.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 17,504 shares of the specialty retailer’s stock after selling 46,696 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in CarParts.com were worth $93,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in CarParts.com during the 4th quarter worth about $33,000. Captrust Financial Advisors acquired a new stake in CarParts.com during the 2nd quarter valued at approximately $35,000. Quantbot Technologies LP acquired a new stake in CarParts.com during the 1st quarter valued at approximately $40,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CarParts.com by 64.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,874 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 2,700 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in CarParts.com by 47.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,182 shares of the specialty retailer’s stock valued at $44,000 after acquiring an additional 2,619 shares during the period. Institutional investors and hedge funds own 74.15% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on PRTS shares. StockNews.com started coverage on shares of CarParts.com in a research note on Thursday, August 17th. They set a “hold” rating for the company. Roth Mkm reissued a “buy” rating and issued a $5.50 price objective on shares of CarParts.com in a report on Thursday, August 24th. Finally, Royal Bank of Canada decreased their price objective on CarParts.com from $9.00 to $7.00 and set an “outperform” rating for the company in a report on Wednesday, August 2nd.

CarParts.com Stock Performance

PRTS opened at $4.77 on Tuesday. The stock has a market cap of $271.99 million, a P/E ratio of -39.75 and a beta of 2.16. CarParts.com, Inc. has a 1 year low of $3.82 and a 1 year high of $7.44. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.77 and a quick ratio of 0.80. The firm has a fifty day moving average price of $4.42 and a 200 day moving average price of $4.86.

CarParts.com (NASDAQ:PRTS) last posted its quarterly earnings data on Tuesday, August 1st. The specialty retailer reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $176.98 million during the quarter, compared to analysts’ expectations of $176.00 million. CarParts.com had a negative net margin of 1.01% and a negative return on equity of 5.94%. Equities research analysts anticipate that CarParts.com, Inc. will post -0.16 earnings per share for the current year.

CarParts.com Company Profile

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.