CarParts.com (NASDAQ: PRTS – Get an Appraisal) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Several other research analysts also weighed in on PRTS. Lake Street Capital assumed coverage on CarParts.com in a research report on Friday, March 4. They issued a “buy” rating and a target price of $18.00 on the stock. Zacks Investment Research upgraded CarParts.com from a “hold” rating to a “strong-buy” rating and set a target price of $10.00 on the stock in a research report on Saturday, May 7. Craig Hallum lowered his target price on CarParts.com from $20.00 to $15.00 in a Wednesday, March 2 research report. Royal Bank of Canada lowered its target price on CarParts.com from $21.00 to $15.00 in a research report on Thursday, January 27. Finally, TheStreet downgraded CarParts.com from a “c-” rating to a “d+” rating in a Monday, January 24 research report. One analyst gave the stock a hold rating, three gave the stock a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $15.20.

Shares of CarParts.com opened at $7.06 on Tuesday. The stock has a 50-day moving average price of $7.05 and a 200-day moving average price of $9.70. The company has a market capitalization of $381.74 million, a P/E ratio of -64.18 and a beta of 2.46. The company has a current ratio of 1.63, a quick ratio of 0.32 and a debt ratio of 0.14. CarParts.com has a 1 year minimum of $5.90 and a 1 year maximum of $20.74.

CarParts.com (NASDAQ: PRTS – Get Rating) last reported quarterly earnings data on Tuesday, May 3. The specialty retailer reported earnings per share (EPS) of $0.04 for the quarter, beating the consensus estimate of ($0.05) by $0.09. CarParts.com posted a negative return on equity of 5.66% and a negative net margin of 0.91%. In the same period a year earlier, the company posted ($0.06) earnings per share. On average, stock analysts expect CarParts.com to post -0.13 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently changed their holdings of PRTS. Allspring Global Investments Holdings LLC acquired a new stock position in CarParts.com during Q4, valued at approximately $28,339,000. Goldman Sachs Group Inc. increased its position in CarParts.com shares by 195.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,549,509 shares of the specialty retailer worth $28,554,000 after acquiring an additional 1,687,162 shares during the period. Janus Henderson Group PLC bought a new stake in shares of CarParts.com in Q3 for a value of approximately $17,041,000. Assenagon Asset Management SA increased its position in CarParts.com shares by 441.2% in the 1st quarter. Assenagon Asset Management SA now owns 886,718 shares of the specialty retailer worth $5,941,000 after acquiring an additional 722,888 shares during the period. Finally, Renaissance Technologies LLC increased its position in CarParts.com shares by 271.3% in the 1st quarter. Renaissance Technologies LLC now owns 874,700 shares of the specialty retailer worth $5,860,000 after acquiring an additional 639,100 shares during the period. 84.41% of the shares are currently held by institutional investors and hedge funds.

About CarParts.com (Get a rating)

CarParts.com, Inc, together with its subsidiaries, operates as an online supplier of aftermarket automotive parts and accessories in the United States and the Philippines. It offers spare parts, such as automotive exterior parts; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce websites and online marketplaces.

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