CarParts.com, Inc. (NASDAQ:PRTS) Short Interest Down 21.3% in December

CarParts.com, Inc. (NASDAQ:PRTS) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 1,606,464 shares, a decline of 21.3% from the December 15th total of 2,041,220 shares. Based on an average daily volume of 1,490,366 shares, the days-to-cover ratio is currently 1.1 days. Currently, 2.6% of the company’s stock are sold short. Currently, 2.6% of the company’s stock are sold short. Based on an average daily volume of 1,490,366 shares, the days-to-cover ratio is currently 1.1 days.

CarParts.com Stock Down 1.9%

NASDAQ:PRTS traded down $0.01 during trading hours on Friday, reaching $0.52. 425,428 shares of the company traded hands, compared to its average volume of 1,118,063. The company has a current ratio of 1.71, a quick ratio of 0.59 and a debt-to-equity ratio of 0.49. The business’s 50-day moving average price is $0.48 and its two-hundred day moving average price is $0.67. CarParts.com has a 1 year low of $0.37 and a 1 year high of $1.42. The stock has a market capitalization of $36.14 million, a P/E ratio of -0.54 and a beta of 0.87.

CarParts.com (NASDAQ:PRTS) last released its earnings results on Monday, November 10th. The specialty retailer reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. CarParts.com had a negative return on equity of 76.33% and a negative net margin of 9.69%.The firm had revenue of $127.77 million for the quarter, compared to analysts’ expectations of $142.03 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CarParts.com in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, CarParts.com has an average rating of “Hold” and a consensus price target of $1.85.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Argentarii LLC lifted its stake in shares of CarParts.com by 200.0% in the fourth quarter. Argentarii LLC now owns 150,000 shares of the specialty retailer’s stock worth $75,000 after buying an additional 100,000 shares in the last quarter. Fragasso Financial Advisors Inc bought a new stake in shares of CarParts.com during the fourth quarter valued at approximately $32,000. Citadel Advisors LLC raised its holdings in CarParts.com by 171.5% in the 3rd quarter. Citadel Advisors LLC now owns 148,771 shares of the specialty retailer’s stock worth $106,000 after acquiring an additional 93,971 shares during the last quarter. Private Management Group Inc. bought a new position in CarParts.com in the 3rd quarter valued at approximately $65,000. Finally, Mackenzie Financial Corp lifted its position in CarParts.com by 20.2% in the 3rd quarter. Mackenzie Financial Corp now owns 1,501,867 shares of the specialty retailer’s stock valued at $1,068,000 after acquiring an additional 252,852 shares in the last quarter. 75.30% of the stock is owned by hedge funds and other institutional investors.

CarParts.com Company Profile

CarParts.com, Inc operates as a leading online retailer of aftermarket automotive parts and accessories in the United States. Through its flagship website CarParts.com and affiliated e-commerce platforms, the company offers replacement components, performance upgrades, maintenance items and collision repair parts for a wide range of domestic and import vehicles. Its product catalog includes engine parts, exterior and interior accessories, lighting, braking systems and powertrain components, supported by an extensive inventory and proprietary order management system.

Founded in 1995 by George Chamoun and headquartered in Torrance, California, CarParts.com has grown from a regional auto parts supplier into a national e-commerce platform.