CarParts.com (NASDAQ:PRTS) Earns “Hold” Rating from Craig Hallum

CarParts.com (NASDAQ:PRTS)‘s stock had its “hold” rating reaffirmed by Craig Hallum in a note issued to investors on Wednesday, Benzinga reports. They presently have a $2.00 price objective on the specialty retailer’s stock, down from their previous price objective of $4.00. Craig Hallum’s price target points to a potential upside of 81.82% from the company’s current price.

Separately, StockNews.com downgraded shares of CarParts.com from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th.

CarParts.com Stock Down 2.7 %

PRTS opened at $1.10 on Wednesday. CarParts.com has a 52 week low of $0.99 and a 52 week high of $5.16. The company has a quick ratio of 0.57, a current ratio of 1.71 and a debt-to-equity ratio of 0.11. The firm has a 50-day simple moving average of $1.58 and a two-hundred day simple moving average of $2.53. The company has a market capitalization of $62.31 million, a PE ratio of -7.86 and a beta of 2.05.

CarParts.com (NASDAQ:PRTS) last released its quarterly earnings results on Thursday, March 7th. The specialty retailer reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.01). The firm had revenue of $156.40 million for the quarter, compared to analysts’ expectations of $150.60 million. CarParts.com had a negative net margin of 1.22% and a negative return on equity of 7.06%. During the same quarter in the prior year, the business earned ($0.11) EPS.

Institutional Trading of CarParts.com

A number of institutional investors have recently bought and sold shares of PRTS. SG Americas Securities LLC increased its position in CarParts.com by 10.9% during the fourth quarter. SG Americas Securities LLC now owns 63,615 shares of the specialty retailer’s stock valued at $201,000 after acquiring an additional 6,271 shares during the last quarter. Mackenzie Financial Corp grew its holdings in CarParts.com by 94.8% during the 4th quarter. Mackenzie Financial Corp now owns 19,992 shares of the specialty retailer’s stock valued at $63,000 after purchasing an additional 9,728 shares during the last quarter. Algert Global LLC raised its position in CarParts.com by 17.5% in the 3rd quarter. Algert Global LLC now owns 79,630 shares of the specialty retailer’s stock worth $328,000 after purchasing an additional 11,880 shares during the period. Tower Research Capital LLC TRC lifted its stake in CarParts.com by 380.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,146 shares of the specialty retailer’s stock worth $48,000 after purchasing an additional 11,992 shares during the last quarter. Finally, Oxford Asset Management LLP purchased a new position in shares of CarParts.com during the fourth quarter valued at approximately $47,000. 75.30% of the stock is currently owned by institutional investors.

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.