CarParts.com (NASDAQ:PRTS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CarParts.com (NASDAQ:PRTS) to a hold rating in a report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of CarParts.com from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $6.00.

CarParts.com Stock Performance

NASDAQ PRTS opened at $8.52 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 0.66. CarParts.com has a 1 year low of $3.72 and a 1 year high of $10.98. The company has a market capitalization of $68.76 million, a PE ratio of -1.97 and a beta of 0.68. The company has a fifty day moving average of $7.41 and a two-hundred day moving average of $7.17.

CarParts.com (NASDAQ:PRTS) last posted its earnings results on Thursday, August 6th. The specialty retailer reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.42. CarParts.com had a negative return on equity of 47.19% and a negative net margin of 5.35%.The business had revenue of $135.64 million for the quarter, compared to analysts’ expectations of $129.04 million.

Insider Buying and Selling at CarParts.com

In related news, Director Barry Phelps bought 9,900 shares of the stock in a transaction on Tuesday, August 25th. The shares were bought at an average cost of $6.48 per share, for a total transaction of $64,152.00. Following the purchase, the director owned 345,788 shares of the company’s stock, valued at $2,240,706.24. This trade represents a 2.95% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David Meniane purchased 36,643 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were bought at an average price of $9.64 per share, with a total value of $353,238.52. Following the purchase, the chief executive officer directly owned 299,414 shares of the company’s stock, valued at approximately $2,886,350.96. The trade was a 13.94% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 219,823 shares of company stock worth $2,000,649. 6.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CarParts.com

An institutional investor recently raised its position in CarParts.com stock. North Star Investment Management Corp. raised its position in CarParts.com, Inc. (NASDAQ:PRTS) by 6.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,435,853 shares of the specialty retailer’s stock after acquiring an additional 85,000 shares during the period. North Star Investment Management Corp. owned approximately 2.04% of CarParts.com worth $1,128,000 at the end of the most recent reporting period. 75.30% of the stock is owned by hedge funds and other institutional investors.

CarParts.com Company Profile

CarParts.com, Inc (NASDAQ:PRTS) is an e-commerce company that sells replacement and aftermarket auto parts and accessories through its CarParts.com website and related digital channels. Its product offerings are designed for a broad range of vehicles and include collision parts, engine and mechanical components, exterior and interior accessories, performance products, and other maintenance and repair items.

The company’s business model combines online merchandising with a network of suppliers and distribution facilities intended to support nationwide order fulfillment.