Jane Street Group LLC Cuts Stake in CarParts.com, Inc. (NASDAQ:PRTS)

Jane Street Group LLC lowered its stake in shares of CarParts.com, Inc. (NASDAQ:PRTS) by 53.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,478 shares of the specialty retailer’s stock after selling 173,051 shares during the period. Jane Street Group LLC owned about 0.27% of CarParts.com worth $139,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PRTS. XTX Topco Ltd increased its stake in shares of CarParts.com by 41.2% during the second quarter. XTX Topco Ltd now owns 68,687 shares of the specialty retailer’s stock worth $69,000 after purchasing an additional 20,037 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in CarParts.com during the 2nd quarter valued at about $93,000. Williams & Novak LLC grew its stake in CarParts.com by 11.1% during the 3rd quarter. Williams & Novak LLC now owns 127,100 shares of the specialty retailer’s stock valued at $115,000 after acquiring an additional 12,650 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in CarParts.com by 40.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 275,470 shares of the specialty retailer’s stock valued at $250,000 after purchasing an additional 78,866 shares during the last quarter. Finally, FMR LLC boosted its holdings in CarParts.com by 26.6% in the 3rd quarter. FMR LLC now owns 426,441 shares of the specialty retailer’s stock valued at $386,000 after purchasing an additional 89,645 shares during the last quarter. Hedge funds and other institutional investors own 75.30% of the company’s stock.

CarParts.com Stock Performance

Shares of PRTS stock opened at $1.26 on Tuesday. The firm’s 50 day moving average price is $1.00 and its 200-day moving average price is $0.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.57 and a current ratio of 1.62. CarParts.com, Inc. has a one year low of $0.68 and a one year high of $3.06. The firm has a market cap of $72.32 million, a P/E ratio of -2.33 and a beta of 2.00.

CarParts.com (NASDAQ:PRTS) last issued its quarterly earnings data on Tuesday, October 29th. The specialty retailer reported ($0.17) EPS for the quarter, missing the consensus estimate 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 company had revenue of $144.75 million during the quarter.

Wall Street Analyst Weigh In

PRTS has been the topic of several recent analyst reports. StockNews.com upgraded shares of CarParts.com from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Royal Bank of Canada decreased their target price on shares of CarParts.com from $0.90 to $0.80 and set a “sector perform” rating on the stock in a report on Wednesday, October 30th.

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.