CarParts.com (NASDAQ:PRTS) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of CarParts.com, Inc. (NASDAQ:PRTS) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.64 and traded as high as $0.70. CarParts.com shares last traded at $0.6611, with a volume of 654,425 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PRTS shares. Wall Street Zen raised shares of CarParts.com from a “sell” rating to a “hold” rating in a report on Sunday, April 19th. Royal Bank Of Canada boosted their target price on shares of CarParts.com from $0.50 to $0.60 and gave the company a “sector perform” rating in a report on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of CarParts.com in a report on Monday, April 20th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, CarParts.com has a consensus rating of “Reduce” and a consensus target price of $0.60.

CarParts.com Trading Down 3.2%

The firm has a market cap of $53.27 million, a P/E ratio of -1.07 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 0.62. The stock has a 50 day moving average of $0.82 and a 200 day moving average of $0.64.

CarParts.com (NASDAQ:PRTS) last released its earnings results on Thursday, May 7th. The specialty retailer reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.09. The business had revenue of $131.96 million for the quarter, compared to analysts’ expectations of $131.38 million. CarParts.com had a negative return on equity of 61.91% and a negative net margin of 6.97%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in CarParts.com by 2.3% in the third quarter. Vanguard Group Inc. now owns 2,554,101 shares of the specialty retailer’s stock valued at $1,816,000 after acquiring an additional 56,857 shares during the last quarter. Mackenzie Financial Corp increased its stake in CarParts.com by 20.2% in the third quarter. Mackenzie Financial Corp now owns 1,501,867 shares of the specialty retailer’s stock valued at $1,068,000 after acquiring an additional 252,852 shares during the last quarter. State Street Corp increased its stake in CarParts.com by 13.2% in the fourth quarter. State Street Corp now owns 237,938 shares of the specialty retailer’s stock valued at $119,000 after acquiring an additional 27,800 shares during the last quarter. Citadel Advisors LLC increased its stake in CarParts.com by 171.5% in the third quarter. Citadel Advisors LLC now owns 148,771 shares of the specialty retailer’s stock valued at $106,000 after acquiring an additional 93,971 shares during the last quarter. Finally, Private Management Group Inc. bought a new position in CarParts.com in the third quarter valued at $65,000. Institutional investors own 75.30% of the company’s stock.

CarParts.com Company Profile

CarParts.com, Inc operates as a leading online retailer of aftermarket automotive parts and accessories in the United States. Through its flagship website CarParts.com and affiliated e-commerce platforms, the company offers replacement components, performance upgrades, maintenance items and collision repair parts for a wide range of domestic and import vehicles. Its product catalog includes engine parts, exterior and interior accessories, lighting, braking systems and powertrain components, supported by an extensive inventory and proprietary order management system.

Founded in 1995 by George Chamoun and headquartered in Torrance, California, CarParts.com has grown from a regional auto parts supplier into a national e-commerce platform.