CarParts.com (NASDAQ:PRTS) COO Michael Huffaker Buys 7,548 Shares of Stock

CarParts.com, Inc. (NASDAQ:PRTS) COO Michael Huffaker purchased 7,548 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were bought at an average price of $7.16 per share, for a total transaction of $54,043.68. Following the completion of the transaction, the chief operating officer directly owned 60,102 shares in the company, valued at approximately $430,330.32. This trade represents a 14.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, August 27th, Michael Huffaker purchased 4,614 shares of CarParts.com stock. The stock was bought at an average cost of $6.88 per share, for a total transaction of $31,744.32.

CarParts.com Trading Down 0.6%

NASDAQ:PRTS opened at $7.23 on Tuesday. The firm has a market capitalization of $58.35 million, a P/E ratio of -1.67 and a beta of 0.66. The business has a 50 day simple moving average of $5.96 and a 200 day simple moving average of $6.94. 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 12-month low of $3.72 and a 12-month high of $13.60.

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of CarParts.com in a research note on Friday, July 17th. Royal Bank Of Canada boosted their price objective on CarParts.com from $5.00 to $6.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $6.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Mackenzie Financial Corp raised its stake in shares of CarParts.com by 18.5% during the fourth quarter. Mackenzie Financial Corp now owns 1,779,674 shares of the specialty retailer’s stock valued at $880,000 after purchasing an additional 277,807 shares in the last quarter. Citadel Advisors LLC grew its position in CarParts.com by 171.5% in the 3rd 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. Private Management Group Inc. acquired a new position in CarParts.com during the 3rd quarter valued at about $65,000. North Star Investment Management Corp. increased its stake in CarParts.com by 6.3% during the 1st quarter. North Star Investment Management Corp. now owns 1,435,853 shares of the specialty retailer’s stock valued at $1,128,000 after buying an additional 85,000 shares during the period. Finally, Geode Capital Management LLC raised 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 in the last quarter. 75.30% of the stock is owned by institutional investors and hedge funds.

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.