CarParts.com (NASDAQ:PRTS) Director Barry Phelps Buys 9,900 Shares

CarParts.com, Inc. (NASDAQ:PRTS) Director Barry Phelps bought 9,900 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were purchased at an average cost of $6.48 per share, for a total transaction of $64,152.00. Following the acquisition, the director directly owned 345,788 shares in the company, valued at $2,240,706.24. This trade represents a 2.95% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Barry Phelps also recently made the following trade(s):

• On Thursday, August 20th, Barry Phelps purchased 100 shares of CarParts.com stock. The stock was purchased at an average cost of $6.15 per share, with a total value of $615.00.

CarParts.com Price Performance

PRTS opened at $6.38 on Thursday. The firm has a market capitalization of $51.49 million, a P/E ratio of -1.47 and a beta of 0.66. CarParts.com, Inc. has a one year low of $3.72 and a one year high of $13.60. The company has a fifty day moving average price of $5.91 and a 200-day moving average price of $6.90. 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 (NASDAQ:PRTS) last posted its quarterly earnings data on Thursday, August 6th. The specialty retailer reported ($0.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.85) by $0.42. CarParts.com had a negative return on equity of 47.19% and a negative net margin of 5.35%.The company had revenue of $135.64 million during the quarter, compared to analyst estimates of $129.04 million.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Royal Bank Of Canada increased their price objective on CarParts.com from $5.00 to $6.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of CarParts.com in a research note 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 presently has a consensus rating of “Reduce” and an average target price of $6.00.

Institutional Investors Weigh In On CarParts.com

A number of large investors have recently added to or reduced their stakes in PRTS. Cullen Frost Bankers Inc. bought a new stake in shares of CarParts.com in the fourth quarter worth about $25,000. Jane Street Group LLC purchased a new stake in CarParts.com in the 2nd quarter worth approximately $25,000. Marshall Wace LLP grew its position in shares of CarParts.com by 345.8% in the 2nd quarter. Marshall Wace LLP now owns 68,546 shares of the specialty retailer’s stock worth $51,000 after buying an additional 53,170 shares during the last quarter. Bank of America Corp DE increased its stake in shares of CarParts.com by 249.6% during the first quarter. Bank of America Corp DE now owns 70,094 shares of the specialty retailer’s stock valued at $55,000 after buying an additional 50,045 shares during the period. Finally, Private Management Group Inc. bought a new position in shares of CarParts.com during the third quarter valued at approximately $65,000. Institutional investors own 75.30% of the company’s stock.

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.