CarParts.com, Inc. (NASDAQ:PRTS) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC lessened its holdings in shares of CarParts.com, Inc. (NASDAQ:PRTS) by 27.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 579,494 shares of the specialty retailer’s stock after selling 215,500 shares during the period. First Eagle Investment Management LLC’s holdings in CarParts.com were worth $579,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in CarParts.com during the 1st quarter worth $33,000. Aristides Capital LLC acquired a new position in shares of CarParts.com during the 4th quarter valued at about $80,000. Cullen Frost Bankers Inc. acquired a new position in shares of CarParts.com during the 2nd quarter valued at about $50,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of CarParts.com during the 4th quarter valued at about $258,000. Finally, Hilltop Holdings Inc. acquired a new position in shares of CarParts.com during the 4th quarter valued at about $278,000. Institutional investors and hedge funds own 75.30% of the company’s stock.

CarParts.com Trading Up 1.0 %

NASDAQ PRTS opened at $0.90 on Friday. The firm’s 50-day moving average is $0.92 and its two-hundred day moving average is $1.17. CarParts.com, Inc. has a 12 month low of $0.72 and a 12 month high of $4.21. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.67 and a quick ratio of 0.51. The stock has a market capitalization of $50.97 million, a P/E ratio of -3.33 and a beta of 2.05.

CarParts.com (NASDAQ:PRTS) last posted its earnings results on Tuesday, July 30th. The specialty retailer reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). CarParts.com had a negative net margin of 3.75% and a negative return on equity of 21.44%. The company had revenue of $144.27 million during the quarter. During the same quarter in the prior year, the firm earned ($0.01) earnings per share.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PRTS shares. Royal Bank of Canada reissued a “sector perform” rating and set a $1.30 price target (down previously from $2.00) on shares of CarParts.com in a research report on Wednesday, July 31st. Lake Street Capital lowered their price target on shares of CarParts.com from $3.00 to $2.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, StockNews.com cut shares of CarParts.com from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $2.33.

CarParts.com Profile

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.