CarParts.com (NASDAQ:PRTS) Upgraded to Hold at Wall Street Zen

CarParts.com (NASDAQ:PRTS) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Other equities analysts also recently issued reports about the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of CarParts.com in a report on Wednesday, January 21st. Royal Bank Of Canada dropped their target price on shares of CarParts.com from $0.60 to $0.50 and set a “sector perform” rating on the stock in a report on Friday, March 6th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $0.50.

CarParts.com Stock Performance

NASDAQ:PRTS opened at $0.79 on Friday. The firm has a market capitalization of $55.59 million, a PE ratio of -0.92 and a beta of 0.84. CarParts.com has a 52-week low of $0.37 and a 52-week high of $1.36. The stock has a 50-day simple moving average of $0.64 and a two-hundred day simple moving average of $0.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.49 and a current ratio of 1.66.

CarParts.com (NASDAQ:PRTS) last issued its earnings results on Thursday, March 5th. The specialty retailer reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.07. The company had revenue of $120.43 million for the quarter, compared to the consensus estimate of $118.91 million. CarParts.com had a negative return on equity of 79.79% and a negative net margin of 9.21%.

Institutional Investors Weigh In On CarParts.com

Large investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in CarParts.com in the 2nd quarter valued at $25,000. Cullen Frost Bankers Inc. purchased a new position in CarParts.com during the 4th quarter worth $25,000. Argentarii LLC acquired a new position in CarParts.com in the third quarter valued at $36,000. Fragasso Financial Advisors Inc purchased a new stake in shares of CarParts.com in the fourth quarter valued at about $32,000. Finally, Marshall Wace LLP raised its holdings in shares of CarParts.com by 345.8% in the second quarter. Marshall Wace LLP now owns 68,546 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 53,170 shares during the last quarter. 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.