Fmr LLC Acquires 89,645 Shares of CarParts.com, Inc. (NASDAQ:PRTS)

Fmr LLC raised its holdings in shares of CarParts.com, Inc. (NASDAQ:PRTS) by 26.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 426,441 shares of the specialty retailer’s stock after acquiring an additional 89,645 shares during the period. Fmr LLC’s holdings in CarParts.com were worth $386,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. acquired a new stake in shares of CarParts.com during the second quarter worth $50,000. XTX Topco Ltd boosted its holdings in CarParts.com by 41.2% during the second quarter. XTX Topco Ltd now owns 68,687 shares of the specialty retailer’s stock worth $69,000 after buying an additional 20,037 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of CarParts.com during the 2nd quarter worth about $93,000. Williams & Novak LLC increased its stake in shares of CarParts.com by 11.1% in the 3rd quarter. Williams & Novak LLC now owns 127,100 shares of the specialty retailer’s stock valued at $115,000 after acquiring an additional 12,650 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of CarParts.com by 40.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 275,470 shares of the specialty retailer’s stock valued at $250,000 after acquiring an additional 78,866 shares during the last quarter. Institutional investors and hedge funds own 75.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PRTS. Royal Bank of Canada reduced their price objective on shares of CarParts.com from $0.90 to $0.80 and set a “sector perform” rating on the stock in a research note on Wednesday, October 30th. StockNews.com raised shares of CarParts.com from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th.

CarParts.com Trading Up 3.3 %

NASDAQ PRTS opened at $0.94 on Friday. CarParts.com, Inc. has a one year low of $0.68 and a one year high of $3.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.62 and a quick ratio of 0.57. The firm has a market cap of $53.96 million, a P/E ratio of -1.74 and a beta of 2.04. The stock’s 50-day moving average is $0.92 and its 200-day moving average is $0.96.

CarParts.com (NASDAQ:PRTS) last announced its earnings results on Tuesday, October 29th. The specialty retailer reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.06). CarParts.com had a negative return on equity of 29.57% and a negative net margin of 5.11%. The company had revenue of $144.75 million for the quarter.

About CarParts.com

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.