Dimensional Fund Advisors LP Has $850,000 Stock Holdings in CarParts.com, Inc. (NASDAQ:PRTS)

Dimensional Fund Advisors LP cut its stake in CarParts.com, Inc. (NASDAQ:PRTS) by 40.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 849,522 shares of the specialty retailer’s stock after selling 573,419 shares during the quarter. Dimensional Fund Advisors LP’s holdings in CarParts.com were worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of PRTS. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of CarParts.com in the first quarter worth $33,000. Cullen Frost Bankers Inc. acquired a new position in shares of CarParts.com in the second quarter worth $50,000. Williams & Novak LLC acquired a new position in shares of CarParts.com in the second quarter worth $114,000. Dynamic Advisor Solutions LLC increased its stake in shares of CarParts.com by 73.7% in the second quarter. Dynamic Advisor Solutions LLC now owns 129,327 shares of the specialty retailer’s stock worth $129,000 after acquiring an additional 54,869 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in CarParts.com by 69.9% during the first quarter. GSA Capital Partners LLP now owns 346,947 shares of the specialty retailer’s stock worth $562,000 after buying an additional 142,687 shares during the last quarter. 75.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Lake Street Capital lowered their target price 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. Royal Bank of Canada reissued a “sector perform” rating and set a $1.30 target price (down from $2.00) on shares of CarParts.com in a research report on Wednesday, July 31st. Finally, StockNews.com downgraded shares of CarParts.com from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2.33.

CarParts.com Trading Down 3.3 %

Shares of NASDAQ:PRTS opened at $0.80 on Monday. The company has a market cap of $45.13 million, a P/E ratio of -2.95 and a beta of 2.06. The stock’s 50-day moving average is $0.85 and its 200-day moving average is $1.07. CarParts.com, Inc. has a 52-week low of $0.72 and a 52-week high of $4.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.51 and a current ratio of 1.67.

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

CarParts.com Company 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.