In a report released yesterday, Steven Shemesh from RBC Capital maintained a Buy rating on CarParts.com Inc (PRTS – Research Report), with a price target of $4.00. The company’s shares closed yesterday at $3.35.
Shemesh covers the Consumer Cyclical sector, focusing on stocks such as CarMax, CarParts.com Inc, and Driven Brands Holdings. According to TipRanks, Shemesh has an average return of -12.9% and a 36.22% success rate on recommended stocks.
Currently, the analyst consensus on CarParts.com Inc is a Strong Buy with an average price target of $9.63.
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PRTS market cap is currently $191M and has a P/E ratio of -21.31.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PRTS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
CarParts.com Inc (PRTS) Company Description:
U.S. Auto Parts Network, Inc. engages in the provision of automotive aftermarket parts. The firm’s flagship websites include www.autopartswarehouse.com, www.carparts.com, www.jcwhitney.com, www.automd.com, and www.usautoparts.net. Its products include Collision Parts, Engine Parts, Performance Parts and Accessories. The company was founded by Sol Khazani and Mehran Nia in 1995 and is headquartered in Carson, CA.
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