Williams & Novak LLC Raises Stock Holdings in CarParts.com, Inc. (NASDAQ:PRTS)

Williams & Novak LLC boosted its stake in shares of CarParts.com, Inc. (NASDAQ:PRTS) by 19.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,500 shares of the specialty retailer’s stock after buying an additional 24,400 shares during the quarter. Williams & Novak LLC owned 0.26% of CarParts.com worth $164,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PRTS. XTX Topco Ltd lifted its holdings in shares of CarParts.com by 41.2% in the 2nd quarter. XTX Topco Ltd now owns 68,687 shares of the specialty retailer’s stock worth $69,000 after acquiring an additional 20,037 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in CarParts.com during the second quarter worth $93,000. Assenagon Asset Management S.A. boosted its position in shares of CarParts.com by 40.1% during the third quarter. Assenagon Asset Management S.A. now owns 275,470 shares of the specialty retailer’s stock worth $250,000 after buying an additional 78,866 shares during the period. FMR LLC grew its stake in shares of CarParts.com by 26.6% in the third quarter. FMR LLC now owns 426,441 shares of the specialty retailer’s stock valued at $386,000 after buying an additional 89,645 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of CarParts.com by 24.1% in the second quarter. Renaissance Technologies LLC now owns 1,198,500 shares of the specialty retailer’s stock valued at $1,198,000 after buying an additional 232,500 shares in the last quarter. Hedge funds and other institutional investors own 75.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PRTS. Royal Bank of Canada cut their target price 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 upgraded CarParts.com from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th.

CarParts.com Price Performance

Shares of NASDAQ PRTS opened at $1.31 on Wednesday. CarParts.com, Inc. has a 52-week low of $0.68 and a 52-week high of $2.93. The business has a 50-day moving average price of $1.07 and a 200 day moving average price of $0.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.62 and a quick ratio of 0.57.

CarParts.com (NASDAQ:PRTS) last announced its earnings results on Tuesday, October 29th. The specialty retailer reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $144.75 million for the quarter.

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.