Boston Partners Boosts Stock Holdings in CarParts.com, Inc. $PRTS

Boston Partners grew its holdings in CarParts.com, Inc. (NASDAQ:PRTS) by 195.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 439,223 shares of the specialty retailer’s stock after purchasing an additional 290,616 shares during the quarter. Boston Partners owned approximately 0.75% of CarParts.com worth $325,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. XTX Topco Ltd increased its holdings in CarParts.com by 659.4% during the first 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 during the period. Williams & Novak LLC boosted its position in CarParts.com by 23.8% during the 2nd quarter. Williams & Novak LLC now owns 156,750 shares of the specialty retailer’s stock valued at $116,000 after acquiring an additional 30,100 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in CarParts.com by 6.8% during the 1st quarter. Mackenzie Financial Corp now owns 260,943 shares of the specialty retailer’s stock valued at $261,000 after acquiring an additional 16,545 shares in the last quarter. Hedge funds and other institutional investors own 75.30% of the company’s stock.

Analyst Upgrades and Downgrades

PRTS has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of CarParts.com in a research note on Wednesday, October 8th. 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. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $1.85.

CarParts.com Stock Up 3.2%

Shares of PRTS stock opened at $0.53 on Monday. CarParts.com, Inc. has a 1-year low of $0.43 and a 1-year high of $1.42. The stock’s fifty day moving average price is $0.63 and its 200 day moving average price is $0.76. 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 cap of $37.13 million, a price-to-earnings ratio of -0.57 and a beta of 0.93.

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

About CarParts.com

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.