CarParts.com Inc (NASDAQ:PRTS) Jumps 5.86%, But Further Rally Could Be Imminent

In recent trading session, CarParts.com Inc (NASDAQ:PRTS) saw 0.51 million shares changing hands at last check today with its beta currently measuring 2.01. Company’s recent per share price level of $1.04 trading at $0.06 or 5.86% at last check today assigns it a market valuation of $59.73M. That most recent trading price of PRTS’s stock is at a discount of -74.04% from its 52-week high price of $1.81 and is indicating a premium of 34.62% from its 52-week low price of $0.68. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.38 million shares which gives us an average trading volume of 582.25K if we extend that period to 3-months.

CarParts.com Inc (NASDAQ:PRTS) trade information

Upright in the green today for gaining 5.86%, in the last five days PRTS remained trading in the red while hitting it’s week-highest on Friday, 03/14/25 when the stock touched $1.04 price level, adding 10.34% to its value on the day. CarParts.com Inc’s shares saw a change of -3.66% in year-to-date performance and have moved -7.10% in past 5-day. CarParts.com Inc (NASDAQ:PRTS) showed a performance of -0.90% in past 30-days. Number of shares sold short was 0.67 million shares which calculate 1.77 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 65.33% to its recent value today. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 3. It follows that stock’s current price would drop -188.46% in reaching the projected high whereas dropping to the targeted low would mean a loss of -188.46% for stock’s current value.

CarParts.com Inc (PRTS) estimates and forecasts

This year revenue growth is estimated to fall -12.28% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 137.49M for the same. And 2 analysts are in estimates of company making revenue of 151.01M in the next quarter. Company posted 156.4M and 166.29M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -0.12% during past 5 years.

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

Insiders are in possession of 7.14% of company’s total shares while institution are holding 42.76 percent of that, with stock having share float percentage of 46.05%. Investors also watch the number of corporate investors in a company very closely, which is 42.76% institutions for CarParts.com Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at PRTS for having 3.93 million shares of worth $3.93 million. And as of 2024-06-30, it was holding 6.958 of the company’s outstanding shares.

The second largest institutional holder is OAKTOP CAPITAL MANAGEMENT II, L.P., which was holding about 3.73 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.5525 of outstanding shares, having a total worth of $3.73 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024, the former fund manager was holding 1.73 shares of worth $1.82 million or 3.01% of the total outstanding shares. The later fund manager was in possession of 748.94 shares on Dec 31, 2024, making its stake of worth around $0.79 million in the company or a holder of 1.30% of company’s stock.