CarParts.com price target raised to $9 from $7.50 at Roth Capital

Roth Capital analyst Darren Aftahi raised the firm’s price target on CarParts.com to $9 from $7.50 and keeps a Buy rating on the shares. He called the company a "top pick" in the firm’s coverage universe heading into next year, citing a combination of "cost management and optimization that should enable further margin expansion while maintaining double-digit revenue growth." Aftahi called the risk/reward favorable, noting that CarParts.com is a low-cost supplier in a weaker macro environment.