Why CarParts.com Inc (NASDAQ: PRTS) Is Worth A Spot On Your Watchlist

CarParts.com Inc (NASDAQ:PRTS)’s traded shares stood at 0.51 million during the last session, with the company’s beta value hitting 2.01. At the close of trading, the stock’s price was $1.30, to imply a decrease of -1.14% or -$0.02 in intraday trading. The PRTS share’s 52-week high remains $3.05, putting it -134.62% down since that peak but still an impressive 47.69% since price per share fell to its 52-week low of $0.68. The company has a valuation of $74.91M, with an average of 0.62 million shares in intraday trading volume over the past 10 days and average of 501.18K shares over the past 3 months.

CarParts.com Inc (NASDAQ:PRTS) trade information

After registering a -1.14% downside in the last session, CarParts.com Inc (PRTS) has traded red over the past five days. The 5-day price performance for the stock is 15.49%, and 38.83% over 30 days. With these gigs, the year-to-date price performance is 20.83%. Short interest in CarParts.com Inc (NASDAQ:PRTS) saw shorts transact 0.55 million shares and set a 1.74 days time to cover.

CarParts.com Inc (PRTS) estimates and forecasts

The rating firms project that company’s revenue will shrink -11.78% compared to the previous financial year.

Revenue forecast for the current quarter as set by 3 analysts is 140.81M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 160.73M.Earnings reports from the last fiscal year show that sales brought in 156.4M and 166.29M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -9.97% before dropping -3.34% in the following quarter.

PRTS Dividends

CarParts.com Inc has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

CarParts.com Inc (NASDAQ:PRTS)’s Major holders

CarParts.com Inc insiders hold 6.19% of total outstanding shares, with institutional holders owning 42.26% of the shares at 45.05% float percentage. In total, 42.26% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 3.93 million shares (or 6.958% of shares), all amounting to roughly $3.93 million.

The next major institution holding the largest number of shares is OAKTOP CAPITAL MANAGEMENT II, L.P. with 3.73 million shares, or about 6.5929% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.73 million.

We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the CarParts.com Inc (PRTS) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 1.73 shares. This is just over 3.01% of the total shares, with a market valuation of $2.26 million. Data from the same date shows that the other fund manager holds a little less at 748.94, or 1.30% of the shares, all valued at about 0.98 million.