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

CarParts.com, Inc. (NASDAQ:PRTS) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 1,321,674 shares, a growth of 15.8% from the February 12th total of 1,141,130 shares. Based on an average daily volume of 544,834 shares, the short-interest ratio is currently 2.4 days. Currently, 2.1% of the company’s shares are sold short. Currently, 2.1% of the company’s shares are sold short. Based on an average daily volume of 544,834 shares, the short-interest ratio is currently 2.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PRTS. Jane Street Group LLC bought a new stake in CarParts.com in the 2nd quarter worth about $25,000. Argentarii LLC bought a new position in shares of CarParts.com during the 3rd quarter worth approximately $36,000. Cullen Frost Bankers Inc. purchased a new position in shares of CarParts.com in the 4th quarter worth approximately $25,000. Fragasso Financial Advisors Inc bought a new position in shares of CarParts.com in the fourth quarter valued at approximately $32,000. Finally, Marshall Wace LLP increased its position in shares of CarParts.com by 345.8% during the second quarter. Marshall Wace LLP now owns 68,546 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 53,170 shares during the last quarter. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on PRTS. Royal Bank Of Canada lowered their price objective on shares of CarParts.com from $0.60 to $0.50 and set a “sector perform” rating for the company in a research note on Friday, March 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CarParts.com in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $0.50.

CarParts.com Stock Up 0.4%

Shares of PRTS stock traded up $0.00 during trading hours on Tuesday, reaching $0.81. The company had a trading volume of 97,658 shares, compared to its average volume of 867,308. The company has a market cap of $57.09 million, a price-to-earnings ratio of -0.94 and a beta of 0.83. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.66 and a quick ratio of 0.49. CarParts.com has a 12 month low of $0.37 and a 12 month high of $1.36. The business has a fifty day simple moving average of $0.62 and a 200-day simple moving average of $0.62.

CarParts.com (NASDAQ:PRTS) last released its quarterly earnings results on Thursday, March 5th. The specialty retailer reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.07. CarParts.com had a negative return on equity of 79.79% and a negative net margin of 9.21%.The business had revenue of $120.43 million during the quarter, compared to analyst estimates of $118.91 million.

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.