CarParts.com (NASDAQ:PRTS) Stock Passes Above 200-Day Moving Average – Should You Sell?

CarParts.com, Inc. (NASDAQ:PRTS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.63 and traded as high as $0.7014. CarParts.com shares last traded at $0.6816, with a volume of 187,302 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CarParts.com in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $1.85.

CarParts.com Stock Up 1.3%

The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.59 and a current ratio of 1.71. The business has a 50 day simple moving average of $0.54 and a 200-day simple moving average of $0.63. The firm has a market capitalization of $47.55 million, a price-to-earnings ratio of -0.71 and a beta of 0.94.

Institutional Investors Weigh In On CarParts.com

A number of institutional investors have recently modified their holdings of PRTS. Boston Partners raised its holdings in shares of CarParts.com by 195.6% in the 2nd quarter. Boston Partners now owns 439,223 shares of the specialty retailer’s stock valued at $325,000 after buying an additional 290,616 shares during the period. Marshall Wace LLP boosted its holdings in CarParts.com by 345.8% during the 2nd quarter. Marshall Wace LLP now owns 68,546 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 53,170 shares during the period. Jane Street Group LLC acquired a new position in CarParts.com in the 2nd quarter valued at about $25,000. North Star Investment Management Corp. increased its stake in CarParts.com by 183.3% during the third quarter. North Star Investment Management Corp. now owns 1,387,853 shares of the specialty retailer’s stock worth $987,000 after purchasing an additional 897,913 shares during the period. Finally, Argentarii LLC acquired a new stake in shares of CarParts.com during the third quarter worth about $36,000. 75.30% of the stock is owned by institutional investors and hedge funds.

About CarParts.com

CarParts.com, Inc operates as a leading online retailer of aftermarket automotive parts and accessories in the United States. Through its flagship website CarParts.com and affiliated e-commerce platforms, the company offers replacement components, performance upgrades, maintenance items and collision repair parts for a wide range of domestic and import vehicles. Its product catalog includes engine parts, exterior and interior accessories, lighting, braking systems and powertrain components, supported by an extensive inventory and proprietary order management system.

Founded in 1995 by George Chamoun and headquartered in Torrance, California, CarParts.com has grown from a regional auto parts supplier into a national e-commerce platform.