Shares of CarParts.com, Inc. (NASDAQ:PRTS – Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.95 and traded as high as $1.31. CarParts.com shares last traded at $1.25, with a volume of 360,456 shares traded.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on PRTS shares. StockNews.com upgraded shares of CarParts.com from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Royal Bank of Canada lowered their target price on shares of 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.
View Our Latest Stock Report on CarParts.com
CarParts.com Stock Performance
CarParts.com (NASDAQ:PRTS – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The specialty retailer reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.06). The company had revenue of $144.75 million for the quarter. CarParts.com had a negative return on equity of 29.57% and a negative net margin of 5.11%.
Hedge Funds Weigh In On CarParts.com
Several large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP increased its position in shares of CarParts.com by 236.5% during the third 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 in the last quarter. Assenagon Asset Management S.A. increased its position in CarParts.com by 145.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 675,371 shares of the specialty retailer’s stock worth $729,000 after buying an additional 399,901 shares during the period. Renaissance Technologies LLC increased its position in CarParts.com by 24.1% during the second quarter. Renaissance Technologies LLC now owns 1,198,500 shares of the specialty retailer’s stock worth $1,198,000 after buying an additional 232,500 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in CarParts.com in the second quarter valued at approximately $93,000. Finally, FMR LLC boosted its holdings in shares of CarParts.com by 26.6% in the third quarter. FMR LLC now owns 426,441 shares of the specialty retailer’s stock valued at $386,000 after acquiring an additional 89,645 shares during the period. Institutional investors and hedge funds own 75.30% of the company’s stock.
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.
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