CarParts.com (NASDAQ:PRTS) COO Buys $192,767.60 in Stock

CarParts.com, Inc. (NASDAQ:PRTS) COO Michael Huffaker purchased 21,160 shares of CarParts.com stock in a transaction dated Friday, September 4th. The stock was bought at an average cost of $9.11 per share, with a total value of $192,767.60. Following the completion of the transaction, the chief operating officer directly owned 81,262 shares of the company’s stock, valued at $740,296.82. This represents a 35.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Michael Huffaker also recently made the following trade(s):

• On Thursday, September 10th, Michael Huffaker acquired 13,250 shares of CarParts.com stock. The shares were bought at an average cost of $10.06 per share, for a total transaction of $133,295.00.
• On Wednesday, September 9th, Michael Huffaker acquired 36,580 shares of CarParts.com stock. The stock was bought at an average price of $9.64 per share, for a total transaction of $352,631.20.
• On Tuesday, September 8th, Michael Huffaker bought 21,718 shares of CarParts.com stock. The shares were bought at an average cost of $9.35 per share, with a total value of $203,063.30.
• On Friday, August 28th, Michael Huffaker acquired 7,548 shares of CarParts.com stock. The shares were purchased at an average price of $7.16 per share, with a total value of $54,043.68.
• On Thursday, August 27th, Michael Huffaker acquired 4,614 shares of CarParts.com stock. The shares were purchased at an average cost of $6.88 per share, with a total value of $31,744.32.

CarParts.com Stock Performance

Shares of PRTS stock opened at $9.31 on Friday. The firm has a market cap of $75.13 million, a P/E ratio of -2.15 and a beta of 0.71. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 0.66. CarParts.com, Inc. has a fifty-two week low of $3.72 and a fifty-two week high of $10.98. The stock’s 50-day moving average is $6.43 and its two-hundred day moving average is $7.07.

CarParts.com (NASDAQ:PRTS) last released its quarterly earnings data on Thursday, August 6th. The specialty retailer reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.42. The firm had revenue of $135.64 million for the quarter, compared to the consensus estimate of $129.04 million. CarParts.com had a negative return on equity of 47.19% and a negative net margin of 5.35%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new stake in CarParts.com during the fourth quarter valued at about $25,000. Jane Street Group LLC bought a new position in shares of CarParts.com in the second quarter worth about $25,000. Marshall Wace LLP increased its stake in shares of CarParts.com by 345.8% in the second quarter. Marshall Wace LLP now owns 68,546 shares of the specialty retailer’s stock worth $51,000 after purchasing an additional 53,170 shares during the period. Bank of America Corp DE lifted its position in shares of CarParts.com by 249.6% during the 1st quarter. Bank of America Corp DE now owns 70,094 shares of the specialty retailer’s stock worth $55,000 after purchasing an additional 50,045 shares during the last quarter. Finally, Private Management Group Inc. bought a new position in CarParts.com in the 3rd quarter worth approximately $65,000. Institutional investors and hedge funds own 75.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CarParts.com in a report on Friday, July 17th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, CarParts.com currently has an average rating of “Reduce” and a consensus price target of $6.00.

CarParts.com Company Profile

CarParts.com, Inc operates as a leading online retailer of aftermarket automotive parts and accessories in the United States. Through its flagship website CarParts.com and affiliated e-commerce platforms, the company offers replacement components, performance upgrades, maintenance items and collision repair parts for a wide range of domestic and import vehicles. Its product catalog includes engine parts, exterior and interior accessories, lighting, braking systems and powertrain components, supported by an extensive inventory and proprietary order management system.

Founded in 1995 by George Chamoun and headquartered in Torrance, California, CarParts.com has grown from a regional auto parts supplier into a national e-commerce platform.