CarParts.com (NASDAQ:PRTS) COO Buys $133,295.00 in Stock

CarParts.com, Inc. (NASDAQ:PRTS) COO Michael Huffaker bought 13,250 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were bought at an average cost of $10.06 per share, for a total transaction of $133,295.00. Following the purchase, the chief operating officer owned 152,810 shares of the company’s stock, valued at approximately $1,537,268.60. The trade was a 9.49% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

CarParts.com Trading Up 7.1%

PRTS opened at $9.31 on Friday. 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 company’s 50 day moving average price is $6.43 and its two-hundred day moving average price is $7.07. The firm has a market capitalization of $75.13 million, a price-to-earnings ratio of -2.15 and a beta of 0.71.

CarParts.com (NASDAQ:PRTS) last released its quarterly earnings results 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 net margin of 5.35% and a negative return on equity of 47.19%. The firm had revenue of $135.64 million during the quarter, compared to the consensus estimate of $129.04 million.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On CarParts.com

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in CarParts.com during the 4th quarter worth about $25,000. Jane Street Group LLC acquired a new position in CarParts.com in the second quarter valued at approximately $25,000. Marshall Wace LLP boosted its holdings in shares of CarParts.com by 345.8% during 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 in the last quarter. Bank of America Corp DE boosted its holdings 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 buying an additional 50,045 shares in the last quarter. Finally, Private Management Group Inc. acquired a new stake in shares of CarParts.com during the 3rd quarter worth approximately $65,000. Institutional investors and hedge funds own 75.30% of the company’s stock.

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.