Vanguard Group Inc. Purchases 214,238 Shares of CarParts.com, Inc. (NASDAQ:PRTS)

Vanguard Group Inc. raised its position in CarParts.com, Inc. (NASDAQ:PRTS) by 5.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 4,134,543 shares of the specialty retailer’s stock after acquiring an additional 214,238 shares during the quarter. Vanguard Group Inc. owned approximately 0.07% of CarParts.com worth $17,034,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers lifted its holdings in shares of CarParts.com by 3.0% during the 1st quarter. Rhumbline Advisers now owns 49,611 shares of the specialty retailer’s stock valued at $332,000 after purchasing an additional 1,452 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in CarParts.com by 2.9% in the second quarter. Cubist Systematic Strategies LLC now owns 56,105 shares of the specialty retailer’s stock valued at $389,000 after buying an additional 1,558 shares during the last quarter. LPL Financial LLC boosted its holdings in CarParts.com by 10.0% in the fourth quarter. LPL Financial LLC now owns 20,028 shares of the specialty retailer’s stock worth $125,000 after acquiring an additional 1,813 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of CarParts.com by 6.6% during the second quarter. JPMorgan Chase & Co. now owns 41,825 shares of the specialty retailer’s stock worth $178,000 after acquiring an additional 2,572 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of CarParts.com by 0.6% during the second quarter. Northern Trust Corp now owns 454,032 shares of the specialty retailer’s stock valued at $3,151,000 after acquiring an additional 2,929 shares in the last quarter. 75.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of CarParts.com from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th.

CarParts.com Stock Performance

Shares of PRTS opened at $1.42 on Monday. The stock has a 50-day moving average of $2.10 and a two-hundred day moving average of $2.86. The stock has a market cap of $80.37 million, a P/E ratio of -10.14 and a beta of 1.98. CarParts.com, Inc. has a one year low of $1.41 and a one year high of $5.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.57 and a current ratio of 1.71.

CarParts.com (NASDAQ:PRTS) last posted its quarterly earnings results on Thursday, March 7th. The specialty retailer reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). The business had revenue of $156.40 million for the quarter, compared to analysts’ expectations of $150.60 million. CarParts.com had a negative return on equity of 7.06% and a negative net margin of 1.22%. During the same period in the prior year, the business posted ($0.11) earnings per share. As a group, research analysts predict that CarParts.com, Inc. will post -0.36 EPS for the current year.

CarParts.com 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.