CarParts.com Sees Unusually High Options Volume (NASDAQ:PRTS)

CarParts.com, Inc. (NASDAQ:PRTS) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 8,820 call options on the stock. This is an increase of 3,386% compared to the average daily volume of 253 call options.

Institutional Trading of CarParts.com

Several institutional investors have recently made changes to their positions in PRTS. Oaktop Capital Management II L.P. grew its stake in CarParts.com by 23.4% during the fourth quarter. Oaktop Capital Management II L.P. now owns 4,597,302 shares of the specialty retailer’s stock worth $4,965,000 after buying an additional 872,117 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of CarParts.com by 236.5% during the 3rd quarter. GSA Capital Partners LLP now owns 1,233,829 shares of the specialty retailer’s stock valued at $1,118,000 after acquiring an additional 867,140 shares in the last quarter. Cannell Capital LLC purchased a new stake in CarParts.com during the 4th quarter worth $1,249,000. Assenagon Asset Management S.A. increased its holdings in CarParts.com by 145.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 675,371 shares of the specialty retailer’s stock valued at $729,000 after purchasing an additional 399,901 shares in the last quarter. Finally, Kerrisdale Advisers LLC raised its position in CarParts.com by 19.0% in the fourth quarter. Kerrisdale Advisers LLC now owns 539,257 shares of the specialty retailer’s stock valued at $582,000 after purchasing an additional 86,004 shares during the period. 75.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised CarParts.com from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th.

CarParts.com Trading Up 41.3 %

Shares of CarParts.com stock traded up $0.36 during trading hours on Wednesday, reaching $1.25. 8,099,774 shares of the company’s stock were exchanged, compared to its average volume of 747,037. The firm has a market capitalization of $71.46 million, a price-to-earnings ratio of -2.31 and a beta of 2.02. The company has a current ratio of 1.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.10. CarParts.com has a 52-week low of $0.68 and a 52-week high of $2.60. The company has a fifty day moving average of $1.11 and a 200-day moving average of $0.97.

CarParts.com Company Profile

CarParts.com, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories.