North Star Investment Management Corp. Has $490,000 Position in CarParts.com, Inc. (NASDAQ:PRTS)

North Star Investment Management Corp. lifted its holdings in CarParts.com, Inc. (NASDAQ:PRTS) by 15.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 489,940 shares of the specialty retailer’s stock after purchasing an additional 64,200 shares during the quarter. North Star Investment Management Corp.’s holdings in CarParts.com were worth $490,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PRTS. Thompson Davis & CO. Inc. bought a new position in CarParts.com in the fourth quarter valued at approximately $27,000. Raymond James Financial Inc. acquired a new stake in shares of CarParts.com during the fourth quarter worth $39,000. Blue Zone Wealth Advisors LLC bought a new stake in CarParts.com in the 1st quarter valued at $60,000. Squarepoint Ops LLC acquired a new position in CarParts.com in the 4th quarter worth $71,000. Finally, Northern Trust Corp increased its holdings in CarParts.com by 8.6% during the 4th quarter. Northern Trust Corp now owns 138,525 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 10,954 shares in the last quarter. 75.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PRTS has been the topic of a number of research reports. Craig Hallum upgraded CarParts.com from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a report on Thursday, March 6th. Royal Bank of Canada restated a “sector perform” rating and issued a $0.80 target price on shares of CarParts.com in a research note on Wednesday, May 14th. Finally, Wall Street Zen raised shares of CarParts.com from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

CarParts.com Trading Down 5.4%

Shares of NASDAQ:PRTS opened at $0.81 on Monday. The company’s 50-day moving average price is $0.86 and its two-hundred day moving average price is $0.99. CarParts.com, Inc. has a one year low of $0.68 and a one year high of $1.45. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.62 and a quick ratio of 0.57. The stock has a market capitalization of $47.11 million, a PE ratio of -1.49 and a beta of 1.18.

CarParts.com (NASDAQ:PRTS) last released its earnings results on Tuesday, May 13th. The specialty retailer reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.15). CarParts.com had a negative return on equity of 29.57% and a negative net margin of 5.11%. The company had revenue of $147.38 million for the quarter, compared to the consensus estimate of $146.14 million.

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.