CarParts.com (NASDAQ:PRTS) CEO Buys $54,072.32 in Stock

CarParts.com, Inc. (NASDAQ:PRTS) CEO David Meniane acquired 7,552 shares of CarParts.com stock in a transaction dated Friday, August 28th. The shares were purchased at an average price of $7.16 per share, for a total transaction of $54,072.32. Following the completion of the transaction, the chief executive officer directly owned 219,875 shares in the company, valued at approximately $1,574,305. The trade was a 3.56% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

David Meniane also recently made the following trade(s):

• On Thursday, August 27th, David Meniane bought 4,612 shares of CarParts.com stock. The shares were bought at an average cost of $6.88 per share, for a total transaction of $31,730.56.

CarParts.com Trading Down 0.6%

Shares of NASDAQ PRTS traded down $0.04 during midday trading on Monday, hitting $7.23. 6,004 shares of the company traded hands, compared to its average volume of 57,594. CarParts.com, Inc. has a 12-month low of $3.72 and a 12-month high of $13.60. 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 50-day moving average price of $5.94 and a 200 day moving average price of $6.93. The firm has a market cap of $58.35 million, a P/E ratio of -1.67 and a beta of 0.66.

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

Institutional Investors Weigh In On CarParts.com

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of CarParts.com by 2.3% during the third quarter. Vanguard Group Inc. now owns 2,554,101 shares of the specialty retailer’s stock valued at $1,816,000 after purchasing an additional 56,857 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of CarParts.com by 18.5% in the 4th quarter. Mackenzie Financial Corp now owns 1,779,674 shares of the specialty retailer’s stock worth $880,000 after purchasing an additional 277,807 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of CarParts.com by 6.3% in the 1st quarter. North Star Investment Management Corp. now owns 1,435,853 shares of the specialty retailer’s stock worth $1,128,000 after purchasing an additional 85,000 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of CarParts.com by 2.7% in 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 during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of CarParts.com by 14.9% in 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. Institutional investors own 75.30% of the company’s stock.

Analyst Ratings Changes

PRTS has been the topic of several research reports. Weiss Ratings restated a “sell (e+)” rating on shares of CarParts.com in a research report on Friday, July 17th. Royal Bank Of Canada increased their price objective on CarParts.com from $5.00 to $6.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price 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.