Fmr LLC Has $386,000 Stake in CarParts.com, Inc. (NASDAQ:PRTS)

Fmr LLC boosted its stake in shares of CarParts.com, Inc. (NASDAQ:PRTS) by 26.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 426,441 shares of the specialty retailer’s stock after acquiring an additional 89,645 shares during the quarter. Fmr LLC owned 0.74% of CarParts.com worth $386,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GSA Capital Partners LLP grew its holdings in shares of CarParts.com by 236.5% in the 3rd quarter. GSA Capital Partners LLP now owns 1,233,829 shares of the specialty retailer’s stock worth $1,118,000 after purchasing an additional 867,140 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in CarParts.com by 40.1% during the third quarter. Assenagon Asset Management S.A. now owns 275,470 shares of the specialty retailer’s stock worth $250,000 after buying an additional 78,866 shares during the last quarter. Williams & Novak LLC increased its holdings in shares of CarParts.com by 11.1% during the third quarter. Williams & Novak LLC now owns 127,100 shares of the specialty retailer’s stock worth $115,000 after buying an additional 12,650 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of CarParts.com in the second quarter valued at approximately $93,000. Finally, XTX Topco Ltd boosted its holdings in shares of CarParts.com by 41.2% in the 2nd quarter. XTX Topco Ltd now owns 68,687 shares of the specialty retailer’s stock worth $69,000 after acquiring an additional 20,037 shares in the last quarter. 75.30% of the stock is owned by institutional investors.

CarParts.com Stock Performance

Shares of CarParts.com stock opened at $0.94 on Friday. The firm has a 50 day simple moving average of $0.92 and a 200 day simple moving average of $0.96. CarParts.com, Inc. has a fifty-two week low of $0.68 and a fifty-two week high of $3.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.62 and a quick ratio of 0.57. The firm has a market cap of $53.96 million, a P/E ratio of -1.74 and a beta of 2.04.

CarParts.com (NASDAQ:PRTS) last released its earnings results on Tuesday, October 29th. The specialty retailer reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). CarParts.com had a negative return on equity of 29.57% and a negative net margin of 5.11%. The firm had revenue of $144.75 million for the quarter.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PRTS. StockNews.com upgraded CarParts.com from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Royal Bank of Canada lowered their target price on CarParts.com from $0.90 to $0.80 and set a “sector perform” rating for the company in a research note on Wednesday, October 30th.

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.