CarParts.com Inc. [NASDAQ: PRTS] traded at a high on 05/11/21, posting a 11.41 gain after which it closed the day’ session at $15.91. The company report on May 11, 2021 that CarParts.com Reports Record First Quarter 2021 Results.
Record Quarterly Sales of $144.8 million, up 65%.
5th Consecutive Quarter of Year over Year Sales Growth.
The results of the trading session contributed to over 3254083 shares changing hands. Over the past one week, the price volatility of CarParts.com Inc. stands at 10.35% while the volatility over the past one month is 6.55%.
The market cap for PRTS stock reached $810.93 million, with 48.39 million shares outstanding and 36.87 million shares in the current float. Compared to the average trading volume of 1.58M shares, PRTS reached a trading volume of 3254083 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about CarParts.com Inc. [PRTS]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PRTS shares is $22.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PRTS stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH Capital have made an estimate for CarParts.com Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 09, 2020. While these analysts kept the previous recommendation, DA Davidson raised their target price to Buy. The new note on the price target was released on September 01, 2020, representing the official price target for CarParts.com Inc. stock. Previously, the target price had yet another raise to $4, while Craig Hallum analysts kept a Buy rating on PRTS stock.
The Average True Range (ATR) for CarParts.com Inc. is set at 1.06, with the Price to Sales ratio for PRTS stock in the period of the last 12 months amounting to 1.83. The Price to Book ratio for the last quarter was 9.20.
How has PRTS stock performed recently?
CarParts.com Inc. [PRTS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.63. With this latest performance, PRTS shares dropped by -2.39% in over the last four-week period, additionally plugging by 13.72% over the last 6 months – not to mention a rise of 221.41% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PRTS stock in for the last two-week period is set at 49.48, with the RSI for the last a single of trading hit 49.22, and the three-weeks RSI is set at 49.71 for CarParts.com Inc. [PRTS]. The present Moving Average for the last 50 days of trading for this stock 15.64, while it was recorded at 15.27 for the last single week of trading, and 14.30 for the last 200 days.
CarParts.com Inc. [PRTS]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and CarParts.com Inc. [PRTS] shares currently have an operating margin of +0.07 and a Gross Margin at +33.25. CarParts.com Inc.’s Net Margin is presently recorded at -0.34.
Return on Total Capital for PRTS is now 0.37, given the latest momentum, and Return on Invested Capital for the company is -2.22. Return on Equity for this stock declined to -3.16, with Return on Assets sitting at -1.10. When it comes to the capital structure of this company, CarParts.com Inc. [PRTS] has a Total Debt to Total Equity ratio set at 39.69. Additionally, PRTS Total Debt to Total Capital is recorded at 28.41, with Total Debt to Total Assets ending up at 17.72. Long-Term Debt to Equity for the company is recorded at 32.91, with the Long-Term Debt to Total Capital now at 23.56.
Reflecting on the efficiency of the workforce at the company, CarParts.com Inc. [PRTS] managed to generate an average of -$918 per employee. Receivables Turnover for the company is 98.78 with a Total Asset Turnover recorded at a value of 3.23.CarParts.com Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.90.
Earnings analysis for CarParts.com Inc. [PRTS]
With the latest financial reports released by the company, CarParts.com Inc. posted 0.03/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PRTS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CarParts.com Inc. go to 15.00%.
Insider trade positions for CarParts.com Inc. [PRTS]
There are presently around $626 million, or 81.50% of PRTS stock, in the hands of institutional investors. The top three institutional holders of PRTS stocks are: GOLDMAN SACHS GROUP INC with ownership of 3,110,078, which is approximately 904.95% of the company’s market cap and around 7.00% of the total institutional ownership; BLACKROCK INC., holding 2,991,172 shares of the stock with an approximate value of $47.59 million in PRTS stocks shares; and POLAR ASSET MANAGEMENT PARTNERS INC., currently with $41.16 million in PRTS stock with ownership of nearly 28.666% of the company’s market capitalization.
Positions in CarParts.com Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 79 institutional holders increased their position in CarParts.com Inc. [NASDAQ:PRTS] by around 13,948,938 shares. Additionally, 61 investors decreased positions by around 7,978,715 shares, while 8 investors held positions by with 17,447,858 shares. The mentioned changes placed institutional holdings at 39,375,511 shares, according to the latest SEC report filing. PRTS stock had 33 new institutional investments in for a total of 5,935,527 shares, while 30 institutional investors sold positions of 4,470,616 shares during the same period.