In a report published on Friday, the rating went from 'hold' to 'buy.
On Friday, the price of shares fell by $0.21 to $3.85. The trading volume was 623,898 compared to the average of 711 299 shares. CarParts.com's 1 year low is $3.82, and its 1 year high is $9.24. The stock's market capitalization is $216.87 millions, with a PE of -96.25. It also has a beta value of 2.17. The company's quick ratio is 0.72, its current ratio is 1.95, and it has a debt to equity ratio of 0.13. The stock's 50-day average price is $4.61, and its 200-day average price is $5.63.
The last time ) released its quarterly earnings was on March 7th. The specialty retailer posted ($0.11) earnings per share for the quarter. This beat analysts' consensus estimates ($0.13), by $0.02. Revenue for the quarter was $154.52 millions, which is higher than analyst expectations of $152.40. CarParts.com's negative net margin was 0.30%, and its negative return on equity was 1.79%. In the same period of the previous year the company posted a profit per share of ($0.10). Research analysts predict that CarParts.com's EPS will be -0.11 for the current fiscal.
CarParts.com: Insider Deals
The company sold 294,633 of its shares in a deal dated March 15th. The shares were bought at an average of $5.27 for a transaction totaling $1,552,715.91. After the transaction, the chief marketer now owns directly 226,393 company shares, worth $1,193,091.11. In other news, CFO Ryan Lockwood has sold 7,775 of the company's shares in a deal dated April 19th. The shares were purchased at an average of $5.08 for a total of $39,000.00. The chief financial officer owns now 58,367 stock shares worth $296,50436. In a deal dated March 15th, 294,633 stock shares were sold. Stock was sold for $1,552,715.91 at a price of $5.27 on average. After the sale, the chief marketer now owns directly 226,393 company shares, worth approximately $1,193,091.11. In the past 90 days, insiders sold 308,179 shares worth $1,620.998. Insiders own 9.47%.
Institutional Trading of CarParts.com
Hedge funds and institutional investors have recently changed their positions in the company. Captrust Financial Advisors bought a new stake of CarParts.com shares in the second quarter, valued at approximately $35,000. Lazard Asset Management LLC bought a new stake of CarParts.com shares in the fourth-quarter valued at approximately $33,000. Quantbot Technologies LP bought a new stake of CarParts.com shares in the first-quarter valued at approximately $40,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings of CarParts.com shares by 64.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank owns 6,874 of the specialty retailer stock valued at $43,000, after buying an additional 2,700 in the fourth quarter. PNC Financial Group Inc. acquired a stake in CarParts.com during the fourth quarter, valued at approximately $47,000. 85.08% of CarParts.com's stock is owned by hedge funds and institutional investors.
CarParts.com Profile of the Company
CarParts.com, Inc is an online supplier of auto parts and accessories for the United States and Philippines. The company's product line includes Engine Parts (including Performance Parts), Collision Parts (including Collision Parts), and Accessories. The company also sells auto components to collision repair shops. It markets Kool-Vue to auto parts wholesalers and offers aftermarket catalytic convertors under the Evan Fischer name.
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