Nuveen Asset Management LLC Grows Position in CarParts.com, Inc. (NASDAQ:PRTS)

Nuveen Asset Management LLC increased its position in shares of CarParts.com, Inc. (NASDAQ:PRTS – Get Rating) by 24.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,758,250 shares of the specialty retailer’s stock after buying an additional 349,964 shares during the period. Nuveen Asset Management LLC’s holdings in CarParts.com were worth $9,090,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PRTS. Swiss National Bank increased its stake in shares of CarParts.com by 7.9% during the first quarter. Swiss National Bank now owns 93,100 shares of the specialty retailer’s stock worth $624,000 after buying an additional 6,800 shares during the period. JPMorgan Chase & Co. increased its stake in CarParts.com by 55.2% in the first quarter. JPMorgan Chase & Co. now owns 196,114 shares of the specialty retailer’s stock valued at $1,314,000 after purchasing an additional 69,765 shares during the last quarter. Rhumbline Advisers increased its stake in CarParts.com by 3.0% in the first quarter. Rhumbline Advisers now owns 49,611 shares of the specialty retailer’s stock valued at $332,000 after purchasing an additional 1,452 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in CarParts.com by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 544,512 shares of the specialty retailer’s stock valued at $3,649,000 after purchasing an additional 11,702 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its stake in CarParts.com by 25.4% in the first quarter. Vontobel Holding Ltd. now owns 150,602 shares of the specialty retailer’s stock valued at $1,065,000 after purchasing an additional 30,543 shares during the last quarter. 85.08% of the stock is currently owned by hedge funds and other institutional investors.

CarParts.com Price Performance

PRTS stock opened at $5.78 on Friday. The company has a market capitalization of $315.36 million, a P/E ratio of -289.00 and a beta of 2.20. CarParts.com, Inc. has a twelve month low of $3.91 and a twelve month high of $9.24. The business has a 50 day simple moving average of $6.65 and a 200-day simple moving average of $5.93. The company has a current ratio of 1.85, a quick ratio of 0.32 and a debt-to-equity ratio of 0.19.

CarParts.com (NASDAQ:PRTS – Get Rating) last posted its quarterly earnings data on Tuesday, March 7th. The specialty retailer reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.02. The business had revenue of $154.52 million during the quarter, compared to the consensus estimate of $152.40 million. CarParts.com had a negative return on equity of 0.88% and a negative net margin of 0.14%. During the same period in the prior year, the company earned ($0.10) earnings per share. As a group, equities analysts anticipate that CarParts.com, Inc. will post -0.05 EPS for the current year.

Insider Buying and Selling

In related news, Director Jim Barnes purchased 24,600 shares of the firm’s stock in a transaction that occurred on Wednesday, December 14th. The stock was purchased at an average cost of $6.12 per share, with a total value of $150,552.00. Following the completion of the acquisition, the director now directly owns 66,597 shares in the company, valued at $407,573.64. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 10.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com upgraded shares of CarParts.com from a “sell” rating to a “hold” rating in a research note on Tuesday, November 22nd. Lake Street Capital dropped their price target on shares of CarParts.com from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday. Roth Capital increased their price target on shares of CarParts.com from $7.50 to $9.00 in a research note on Friday, December 16th. Finally, DA Davidson dropped their price target on shares of CarParts.com to $17.00 in a research note on Tuesday, November 15th.

About CarParts.com

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CarParts.com, Inc operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. Its products include Collision Parts, Engine Parts, Performance Parts and Accessories. The firm also sells auto parts to collision repair shops, markets Kool-Vue products to auto parts wholesale distributor, and aftermarket catalytic converters under the Evan Fischer brand.