Michael Huffaker Purchases 13,250 Shares of CarParts.com (NASDAQ:PRTS) Stock

CarParts.com, Inc. (NASDAQ:PRTS) COO Michael Huffaker purchased 13,250 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was acquired at an average price of $10.06 per share, with a total value of $133,295.00. Following the completion of the transaction, the chief operating officer owned 152,810 shares of the company’s stock, valued at $1,537,268.60. This represents a 9.49% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, September 9th, Michael Huffaker purchased 36,580 shares of CarParts.com stock. The stock was bought at an average price of $9.64 per share, with a total value of $352,631.20.
• On Tuesday, September 8th, Michael Huffaker purchased 21,718 shares of CarParts.com stock. The shares were bought at an average cost of $9.35 per share, for a total transaction of $203,063.30.
• On Friday, September 4th, Michael Huffaker acquired 21,160 shares of CarParts.com stock. The shares were bought at an average price of $9.11 per share, for a total transaction of $192,767.60.
• On Friday, August 28th, Michael Huffaker acquired 7,548 shares of CarParts.com stock. The stock was bought at an average cost of $7.16 per share, with a total value of $54,043.68.
• On Thursday, August 27th, Michael Huffaker bought 4,614 shares of CarParts.com stock. The shares were bought at an average price of $6.88 per share, with a total value of $31,744.32.

CarParts.com Stock Performance

NASDAQ:PRTS opened at $9.31 on Friday. The company has a market cap of $75.13 million, a price-to-earnings ratio of -2.15 and a beta of 0.71. CarParts.com, Inc. has a fifty-two week low of $3.72 and a fifty-two week high of $10.98. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.66 and a current ratio of 1.67. The stock has a fifty day moving average price of $6.43 and a 200-day moving average price of $7.07.

CarParts.com (NASDAQ:PRTS) last issued its quarterly earnings results 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 company had revenue of $135.64 million for the quarter, compared to analysts’ expectations of $129.04 million. CarParts.com had a negative return on equity of 47.19% and a negative net margin of 5.35%.

Institutional Investors Weigh In On CarParts.com

A number of large investors have recently modified their holdings of PRTS. Mackenzie Financial Corp boosted its holdings in shares of CarParts.com by 20.2% in the 3rd quarter. Mackenzie Financial Corp now owns 1,501,867 shares of the specialty retailer’s stock valued at $1,068,000 after purchasing an additional 252,852 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of CarParts.com by 2.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,352,700 shares of the specialty retailer’s stock worth $676,000 after buying an additional 35,900 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of CarParts.com by 14.9% during the 4th quarter. Geode Capital Management LLC now owns 649,984 shares of the specialty retailer’s stock worth $325,000 after buying an additional 84,064 shares during the last quarter. State Street Corp boosted its stake in CarParts.com by 13.2% in the fourth quarter. State Street Corp now owns 237,938 shares of the specialty retailer’s stock valued at $119,000 after buying an additional 27,800 shares in the last quarter. Finally, Citadel Advisors LLC boosted its stake in CarParts.com by 171.5% in the third quarter. Citadel Advisors LLC now owns 148,771 shares of the specialty retailer’s stock valued at $106,000 after buying an additional 93,971 shares in the last quarter. Institutional investors and hedge funds own 75.30% of the company’s stock.

Analyst Ratings Changes

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

About CarParts.com

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.