CarParts.com (NASDAQ:PRTS) Upgraded at Craig Hallum

Craig Hallum upgraded shares of CarParts.com (NASDAQ:PRTS) from a hold rating to a buy rating in a research note published on Thursday, MarketBeat Ratings reports. Craig Hallum currently has $3.00 price target on the specialty retailer’s stock.

Separately, StockNews.com raised CarParts.com from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th.

CarParts.com Trading Down 4.0 %

Shares of PRTS opened at $1.19 on Thursday. The business has a 50-day moving average of $1.12 and a 200 day moving average of $0.97. CarParts.com has a fifty-two week low of $0.68 and a fifty-two week high of $2.60. The firm has a market cap of $68.31 million, a P/E ratio of -2.20 and a beta of 2.02. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.57 and a current ratio of 1.62.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd grew its holdings in CarParts.com by 14.9% during the 3rd quarter. XTX Topco Ltd now owns 78,917 shares of the specialty retailer’s stock valued at $72,000 after buying an additional 10,230 shares in the last quarter. Northern Trust Corp boosted its position in shares of CarParts.com by 8.6% during the 4th quarter. Northern Trust Corp now owns 138,525 shares of the specialty retailer’s stock valued at $150,000 after acquiring an additional 10,954 shares during the last quarter. Williams & Novak LLC boosted its position in shares of CarParts.com by 19.2% during the 4th quarter. Williams & Novak LLC now owns 151,500 shares of the specialty retailer’s stock valued at $164,000 after acquiring an additional 24,400 shares during the last quarter. Thompson Davis & CO. Inc. bought a new stake in shares of CarParts.com during the 4th quarter valued at about $27,000. Finally, Raymond James Financial Inc. bought a new stake in shares of CarParts.com during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 75.30% of the company’s stock.

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.