Royal Bank Of Canada Issues Positive Forecast for CarParts.com (NASDAQ:PRTS) Stock Price

CarParts.com (NASDAQ:PRTS) had its target price raised by Royal Bank Of Canada from $0.50 to $0.60 in a report released on Friday,Benzinga reports. They currently have a sector perform rating on the specialty retailer’s stock.

PRTS has been the subject of several other reports. Wall Street Zen upgraded CarParts.com from a “sell” rating to a “hold” rating in a research report on Sunday, April 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of CarParts.com in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $0.60.

CarParts.com Stock Up 0.3%

Shares of CarParts.com stock opened at $0.85 on Friday. The company has a quick ratio of 0.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.58. The firm has a market cap of $59.92 million, a P/E ratio of -1.37 and a beta of 0.84. CarParts.com has a fifty-two week low of $0.37 and a fifty-two week high of $1.36. The business has a 50-day moving average price of $0.82 and a 200 day moving average price of $0.64.

CarParts.com (NASDAQ:PRTS) last posted its earnings results on Thursday, May 7th. The specialty retailer reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.09. The company had revenue of $131.96 million during the quarter, compared to analyst estimates of $131.38 million. CarParts.com had a negative return on equity of 61.80% and a negative net margin of 6.97%.

Institutional Investors Weigh In On CarParts.com

A number of institutional investors and hedge funds have recently modified their holdings of PRTS. Marshall Wace LLP raised its stake in CarParts.com by 345.8% during the 2nd quarter. Marshall Wace LLP now owns 68,546 shares of the specialty retailer’s stock valued at $51,000 after purchasing an additional 53,170 shares during the period. Jane Street Group LLC acquired a new stake in CarParts.com during the 2nd quarter valued at $25,000. Argentarii LLC acquired a new stake in CarParts.com during the 3rd quarter valued at $36,000. Vanguard Group Inc. raised its stake in CarParts.com by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,554,101 shares of the specialty retailer’s stock valued at $1,816,000 after purchasing an additional 56,857 shares during the period. Finally, Mackenzie Financial Corp raised its stake in CarParts.com by 20.2% during the 3rd quarter. Mackenzie Financial Corp now owns 1,501,867 shares of the specialty retailer’s stock valued at $1,068,000 after purchasing an additional 252,852 shares during the period. Institutional investors and hedge funds own 75.30% of the company’s stock.

CarParts.com News Roundup

Here are the key news stories impacting CarParts.com this week:

• Positive Sentiment: CarParts.com reported adjusted EPS of ($0.03), beating expectations of ($0.12), while revenue of $132.0 million also slightly topped estimates. CarParts.com Q1 2026 earnings report
• Positive Sentiment: Management said adjusted EBITDA turned positive and highlighted goals to scale last-mile delivery volume, which suggests improving operating leverage and execution. Seeking Alpha article on EBITDA and last-mile targets
• Neutral Sentiment: Royal Bank of Canada raised its price target on CarParts.com to $0.60 from $0.50 and kept a sector perform rating, which points to limited upside from current levels. Benzinga report on RBC price target change
• Negative Sentiment: Despite the earnings beat, revenue still declined 10.5% year over year and gross profit fell, showing the business remains under pressure. CarParts.com Q1 2026 press release

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.