Boston Partners Raises Position in CarParts.com, Inc. $PRTS

Boston Partners lifted its stake in CarParts.com, Inc. (NASDAQ:PRTS) by 195.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 439,223 shares of the specialty retailer’s stock after purchasing an additional 290,616 shares during the period. Boston Partners owned 0.75% of CarParts.com worth $325,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Mackenzie Financial Corp grew its holdings in CarParts.com by 6.8% during the first quarter. Mackenzie Financial Corp now owns 260,943 shares of the specialty retailer’s stock valued at $261,000 after purchasing an additional 16,545 shares during the period. Williams & Novak LLC raised its stake in shares of CarParts.com by 23.8% in the second quarter. Williams & Novak LLC now owns 156,750 shares of the specialty retailer’s stock worth $116,000 after buying an additional 30,100 shares during the period. Finally, XTX Topco Ltd lifted its position in shares of CarParts.com by 659.4% during the 1st quarter. XTX Topco Ltd now owns 108,773 shares of the specialty retailer’s stock valued at $109,000 after buying an additional 94,450 shares in the last quarter. 75.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada reduced their target price on shares of CarParts.com from $0.80 to $0.70 and set a “sector perform” rating for the company in a report on Wednesday, August 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of CarParts.com in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $1.85.

CarParts.com Trading Down 0.1%

PRTS stock opened at $0.54 on Monday. CarParts.com, Inc. has a 1-year low of $0.46 and a 1-year high of $1.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.47 and a quick ratio of 0.38. The company has a market capitalization of $37.30 million, a price-to-earnings ratio of -0.57 and a beta of 0.93. The business has a 50 day simple moving average of $0.70 and a two-hundred day simple moving average of $0.78.

CarParts.com (NASDAQ:PRTS) last released its quarterly earnings data on Monday, November 10th. The specialty retailer reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.01. CarParts.com had a negative net margin of 9.25% and a negative return on equity of 67.30%. The firm had revenue of $127.77 million for the quarter, compared to analysts’ expectations of $142.03 million.

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.