CarParts.com, Inc. (NASDAQ:PRTS) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC cut its stake in CarParts.com, Inc. (NASDAQ:PRTS) by 27.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 579,494 shares of the specialty retailer’s stock after selling 215,500 shares during the period. First Eagle Investment Management LLC owned 1.02% of CarParts.com worth $579,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in CarParts.com during the 1st quarter worth approximately $33,000. Cullen Frost Bankers Inc. purchased a new position in CarParts.com during the 2nd quarter worth approximately $50,000. Aristides Capital LLC purchased a new position in CarParts.com during the 4th quarter worth approximately $80,000. Williams & Novak LLC purchased a new position in CarParts.com during the 2nd quarter worth approximately $114,000. Finally, Dynamic Advisor Solutions LLC raised its position in CarParts.com by 73.7% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 129,327 shares of the specialty retailer’s stock worth $129,000 after buying an additional 54,869 shares during the last quarter. 75.30% of the stock is currently owned by institutional investors and hedge funds.

CarParts.com Price Performance

Shares of NASDAQ PRTS opened at $0.90 on Friday. The firm has a market cap of $50.97 million, a PE ratio of -3.33 and a beta of 2.05. The firm has a fifty day moving average of $0.92 and a 200 day moving average of $1.17. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.51 and a current ratio of 1.67. CarParts.com, Inc. has a one year low of $0.72 and a one year high of $4.21.

CarParts.com (NASDAQ:PRTS) last issued its quarterly earnings results on Tuesday, July 30th. The specialty retailer reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.05). The company had revenue of $144.27 million during the quarter. CarParts.com had a negative return on equity of 21.44% and a negative net margin of 3.75%. During the same period in the previous year, the firm posted ($0.01) earnings per share.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Lake Street Capital reduced their price target on shares of CarParts.com from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. StockNews.com lowered shares of CarParts.com from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $1.30 target price (down from $2.00) on shares of CarParts.com in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CarParts.com presently has an average rating of “Hold” and a consensus target price of $2.33.

CarParts.com 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.