CarParts.com Target of Unusually Large Options Trading (NASDAQ:PRTS)

CarParts.com, Inc. (NASDAQ:PRTS) saw some unusual options trading on Wednesday. Traders acquired 8,820 call options on the company. This represents an increase of 3,386% compared to the typical daily volume of 253 call options.

Hedge Funds Weigh In On CarParts.com

Several hedge funds have recently made changes to their positions in PRTS. Thompson Davis & CO. Inc. purchased a new stake in shares of CarParts.com in the 4th quarter valued at about $27,000. Raymond James Financial Inc. purchased a new stake in CarParts.com in the fourth quarter valued at approximately $39,000. Squarepoint Ops LLC acquired a new stake in shares of CarParts.com in the fourth quarter valued at approximately $71,000. XTX Topco Ltd grew its position in shares of CarParts.com by 14.9% during the third quarter. XTX Topco Ltd now owns 78,917 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 10,230 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of CarParts.com by 8.6% during the fourth quarter. Northern Trust Corp now owns 138,525 shares of the specialty retailer’s stock worth $150,000 after acquiring an additional 10,954 shares during the last quarter. Hedge funds and other institutional investors own 75.30% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised CarParts.com from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th.

CarParts.com Trading Up 40.7 %

Shares of CarParts.com stock opened at $1.24 on Thursday. The company has a current ratio of 1.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $1.11 and a 200-day simple moving average of $0.97. The stock has a market cap of $71.18 million, a price-to-earnings ratio of -2.30 and a beta of 2.02. CarParts.com has a 12-month low of $0.68 and a 12-month high of $2.60.

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.