In a report released today, Ryan Meyers from Lake Street reiterated a Buy rating on CarParts.com Inc (PRTS – Research Report), with a price target of $7.00. The company’s shares closed yesterday at $3.35.
According to TipRanks, Meyers is an analyst with an average return of -21.6% and a 21.05% success rate. Meyers covers the Consumer Cyclical sector, focusing on stocks such as Xponential Fitness, Karat Packaging Inc, and CarParts.com Inc.
CarParts.com Inc has an analyst consensus of Strong Buy, with a price target consensus of $6.25, implying an 86.57% upside from current levels. In a report released today, D.A. Davidson also reiterated a Buy rating on the stock with a $10.00 price target.
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The company has a one-year high of $7.44 and a one-year low of $3.33. Currently, CarParts.com Inc has an average volume of 590.8K.
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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