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

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

Institutional Investors Weigh In On CarParts.com

A number of institutional investors have recently modified their holdings of PRTS. Thompson Davis & CO. Inc. acquired a new position in CarParts.com in the fourth quarter worth about $27,000. Raymond James Financial Inc. bought a new stake in shares of CarParts.com in the 4th quarter valued at approximately $39,000. Squarepoint Ops LLC acquired a new stake in shares of CarParts.com during the 4th quarter valued at approximately $71,000. XTX Topco Ltd raised its position in shares of CarParts.com by 14.9% during the 3rd quarter. XTX Topco Ltd now owns 78,917 shares of the specialty retailer’s stock valued at $72,000 after acquiring an additional 10,230 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in 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 purchasing an additional 10,954 shares during the last quarter. Institutional investors and hedge funds own 75.30% of the company’s stock.

CarParts.com Stock Up 41.3 %

Shares of PRTS stock traded up $0.36 during mid-day trading on Wednesday, reaching $1.25. 8,099,774 shares of the company were exchanged, compared to its average volume of 747,037. CarParts.com has a fifty-two week low of $0.68 and a fifty-two week high of $2.60. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.57 and a current ratio of 1.62. The company has a market capitalization of $71.46 million, a P/E ratio of -2.31 and a beta of 2.02. The business’s 50 day simple moving average is $1.11 and its 200 day simple moving average is $0.97.

Wall Street Analysts Forecast Growth

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

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.