Tudor Investment Corp Et Al Makes New $577,000 Investment in CarParts.com, Inc. (NASDAQ:PRTS)

Posted by Defense World Staff on Mar 6th, 2023

Tudor Investment Corp Et Al acquired a new position in CarParts.com, Inc. (NASDAQ:PRTS – Get Rating) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 111,567 shares of the specialty retailer’s stock, valued at approximately $577,000. Tudor Investment Corp Et Al owned approximately 0.20% of CarParts.com as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Rhumbline Advisers grew its position in CarParts.com by 3.0% in the 1st quarter. Rhumbline Advisers now owns 49,611 shares of the specialty retailer’s stock worth $332,000 after purchasing an additional 1,452 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in shares of CarParts.com by 2.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 56,105 shares of the specialty retailer’s stock valued at $389,000 after acquiring an additional 1,558 shares during the period. Northern Trust Corp grew its position in shares of CarParts.com by 0.6% during the 2nd quarter. Northern Trust Corp now owns 454,032 shares of the specialty retailer’s stock valued at $3,151,000 after acquiring an additional 2,929 shares during the period. Isthmus Partners LLC grew its position in shares of CarParts.com by 1.7% during the 2nd quarter. Isthmus Partners LLC now owns 219,171 shares of the specialty retailer’s stock valued at $1,521,000 after acquiring an additional 3,744 shares during the period. Finally, US Bancorp DE bought a new position in shares of CarParts.com during the 2nd quarter valued at approximately $27,000. 85.08% of the stock is owned by institutional investors.

Insider Buying and Selling

In other CarParts.com news, Director Jim Barnes acquired 24,600 shares of the business’s stock in a transaction that occurred on Wednesday, December 14th. The stock was bought at an average cost of $6.12 per share, with a total value of $150,552.00. Following the acquisition, the director now owns 66,597 shares in the company, valued at $407,573.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.00% of the stock is owned by insiders.

CarParts.com Stock Up 3.0 %

PRTS opened at $6.55 on Monday. The company has a 50 day moving average of $6.63 and a 200 day moving average of $5.97. The company has a market cap of $357.37 million, a PE ratio of -655.00 and a beta of 2.20. CarParts.com, Inc. has a 12 month low of $3.91 and a 12 month high of $9.24. The company has a current ratio of 1.85, a quick ratio of 0.32 and a debt-to-equity ratio of 0.19.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Roth Capital increased their target price on shares of CarParts.com from $7.50 to $9.00 in a research report on Friday, December 16th. Royal Bank of Canada reduced their target price on shares of CarParts.com from $15.00 to $10.00 and set an “outperform” rating for the company in a research report on Thursday, November 10th. StockNews.com raised shares of CarParts.com from a “sell” rating to a “hold” rating in a research report on Tuesday, November 22nd. Finally, DA Davidson reduced their target price on shares of CarParts.com to $17.00 in a research report on Tuesday, November 15th.

CarParts.com Company Profile

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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.