CarParts.com, Inc. (NASDAQ:PRTS) Short Interest Update

CarParts.com, Inc. (NASDAQ:PRTS) was the recipient of a significant decline in short interest during the month of 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 short-interest ratio is presently 1.1 days. Approximately 2.6% of the shares of the stock are short sold. Approximately 2.6% of the shares of the stock are short sold. Based on an average daily volume of 1,490,366 shares, the short-interest ratio is presently 1.1 days.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Boston Partners boosted its stake in shares of CarParts.com by 195.6% during the 2nd quarter. Boston Partners now owns 439,223 shares of the specialty retailer’s stock valued at $325,000 after purchasing an additional 290,616 shares in the last quarter. Williams & Novak LLC lifted its holdings in CarParts.com by 23.8% in the second quarter. Williams & Novak LLC now owns 156,750 shares of the specialty retailer’s stock worth $116,000 after buying an additional 30,100 shares during the period. Argentarii LLC lifted its holdings in 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 during the period. Citadel Advisors LLC boosted its position in CarParts.com by 171.5% during the 3rd quarter. Citadel Advisors LLC now owns 148,771 shares of the specialty retailer’s stock valued at $106,000 after acquiring an additional 93,971 shares in the last quarter. Finally, Private Management Group Inc. purchased a new position in shares of CarParts.com during the 3rd quarter worth approximately $65,000. 75.30% of the stock is owned by hedge funds and other institutional investors.

CarParts.com Trading Down 1.9%

Shares of PRTS traded down $0.01 during trading hours on Friday, hitting $0.52. The company had a trading volume of 425,428 shares, compared to its average volume of 1,118,063. CarParts.com has a 52-week low of $0.37 and a 52-week high of $1.42. The company has a quick ratio of 0.59, a current ratio of 1.71 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average price is $0.48 and its 200 day moving average price is $0.67. The firm has a market cap of $36.14 million, a P/E ratio of -0.54 and a beta of 0.87.

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

About CarParts.com

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.