CarParts.com (NASDAQ:PRTS) Shares Pass Above 200 Day Moving Average – Time to Sell?

CarParts.com, Inc. (NASDAQ:PRTS) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.62 and traded as high as $0.8199. CarParts.com shares last traded at $0.8082, with a volume of 172,799 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PRTS shares. Royal Bank Of Canada lowered their price objective on CarParts.com from $0.60 to $0.50 and set a “sector perform” rating for the company in a research note on Friday, March 6th. Weiss Ratings restated a “sell (e+)” rating on shares of CarParts.com in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded CarParts.com from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $0.50.

CarParts.com Stock Performance

The company has a market cap of $56.97 million, a P/E ratio of -0.94 and a beta of 0.78. The company has a 50 day moving average price of $0.71 and a 200-day moving average price of $0.62. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.58.

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

Institutional Trading of CarParts.com

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of CarParts.com by 2.3% in the third quarter. Vanguard Group Inc. now owns 2,554,101 shares of the specialty retailer’s stock valued at $1,816,000 after buying an additional 56,857 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of CarParts.com by 18.5% in the fourth quarter. Mackenzie Financial Corp now owns 1,779,674 shares of the specialty retailer’s stock valued at $880,000 after buying an additional 277,807 shares during the period. North Star Investment Management Corp. lifted its holdings in shares of CarParts.com by 183.3% in the third quarter. North Star Investment Management Corp. now owns 1,387,853 shares of the specialty retailer’s stock valued at $987,000 after buying an additional 897,913 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of CarParts.com by 2.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,352,700 shares of the specialty retailer’s stock valued at $676,000 after buying an additional 35,900 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of CarParts.com by 14.9% in the fourth quarter. Geode Capital Management LLC now owns 649,984 shares of the specialty retailer’s stock valued at $325,000 after buying an additional 84,064 shares during the period. Institutional investors and hedge funds own 75.30% of the company’s stock.

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.