CarParts.com, Inc. (NASDAQ:PRTS) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its holdings in CarParts.com, Inc. (NASDAQ:PRTS) by 6.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 538,756 shares of the specialty retailer’s stock after selling 36,974 shares during the quarter. Geode Capital Management LLC owned 0.94% of CarParts.com worth $582,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PRTS. Assenagon Asset Management S.A. lifted its position in shares of CarParts.com by 145.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 675,371 shares of the specialty retailer’s stock valued at $729,000 after buying an additional 399,901 shares in the last quarter. AMH Equity Ltd purchased a new position in CarParts.com during the fourth quarter valued at $368,000. Williams & Novak LLC lifted its holdings in CarParts.com by 19.2% during the fourth quarter. Williams & Novak LLC now owns 151,500 shares of the specialty retailer’s stock valued at $164,000 after purchasing an additional 24,400 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of CarParts.com in the fourth quarter valued at about $39,000. Finally, Thompson Davis & CO. Inc. purchased a new stake in shares of CarParts.com during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 75.30% of the company’s stock.

CarParts.com Stock Performance

NASDAQ:PRTS opened at $0.87 on Friday. The company has a market cap of $50.77 million, a P/E ratio of -1.61 and a beta of 1.52. CarParts.com, Inc. has a twelve month low of $0.68 and a twelve month high of $1.45. The company’s 50-day moving average price is $0.95 and its 200-day moving average price is $1.00. The company has a current ratio of 1.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.10.

CarParts.com (NASDAQ:PRTS) last released its earnings results on Tuesday, March 25th. The specialty retailer reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.08). The business had revenue of $588.85 million during the quarter, compared to analysts’ expectations of $141.22 million. CarParts.com had a negative return on equity of 29.57% and a negative net margin of 5.11%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PRTS shares. StockNews.com upgraded CarParts.com from a “sell” rating to a “hold” rating in a report on Tuesday, April 1st. Craig Hallum upgraded CarParts.com from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Thursday, March 6th.

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.