CarParts.com (NASDAQ:PRTS) CEO David Meniane Acquires 13,250 Shares of Stock

CarParts.com, Inc. (NASDAQ:PRTS) CEO David Meniane acquired 13,250 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was acquired at an average cost of $10.06 per share, for a total transaction of $133,295.00. Following the completion of the transaction, the chief executive officer directly owned 312,664 shares in the company, valued at $3,145,399.84. This represents a 4.43% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, September 9th, David Meniane bought 36,643 shares of CarParts.com stock. The stock was acquired at an average cost of $9.64 per share, with a total value of $353,238.52.
• On Tuesday, September 8th, David Meniane purchased 21,742 shares of CarParts.com stock. The stock was acquired at an average price of $9.35 per share, with a total value of $203,287.70.
• On Friday, September 4th, David Meniane acquired 21,154 shares of CarParts.com stock. The shares were acquired at an average cost of $9.11 per share, for a total transaction of $192,712.94.
• On Friday, August 28th, David Meniane acquired 7,552 shares of CarParts.com stock. The stock was acquired at an average price of $7.16 per share, with a total value of $54,072.32.
• On Thursday, August 27th, David Meniane bought 4,612 shares of CarParts.com stock. The stock was acquired at an average cost of $6.88 per share, with a total value of $31,730.56.

CarParts.com Price Performance

PRTS opened at $8.69 on Friday. 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 market capitalization of $70.13 million, a P/E ratio of -2.01 and a beta of 0.71. The company’s 50-day simple moving average is $6.37 and its two-hundred day simple moving average is $7.05. CarParts.com, Inc. has a 52-week low of $3.72 and a 52-week high of $10.98.

CarParts.com (NASDAQ:PRTS) last announced 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. 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 analyst estimates of $129.04 million.

CarParts.com News Roundup

Here are the key news stories impacting CarParts.com this week:

• Positive Sentiment: CEO David Meniane purchased 79,539 shares between September 4 and September 9 for approximately $749,239, increasing his holdings to 299,414 shares. The purchases were made at prices ranging from $9.11 to $9.64 per share. SEC filings for CEO purchases
• Positive Sentiment: COO Michael Huffaker also bought 79,458 shares over the same period for approximately $748,462, increasing his position to 139,560 shares. The combined purchases by the CEO and COO totaled roughly $1.5 million and represent direct insider buying rather than stock awards or option exercises. SEC filings for COO purchases
• Neutral Sentiment: Reported short interest was listed at zero shares as of September 10, with a zero-day short-interest ratio. Because the report also shows an undefined percentage change from the prior period, the data appears inconsistent and offers no reliable evidence of either meaningful short selling or short-squeeze potential.
• Negative Sentiment: Analyst sentiment remains cautious: the consensus rating is “Reduce,” based on one Hold and one Sell rating, with a $6.00 average price target. That target is materially below recent trading levels, suggesting analysts view the stock as overvalued despite the insider purchases. MarketBeat PRTS analyst and stock information

Institutional Investors Weigh In On CarParts.com

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp lifted its stake in shares of CarParts.com by 13.2% in the 4th quarter. State Street Corp now owns 237,938 shares of the specialty retailer’s stock worth $119,000 after purchasing an additional 27,800 shares during the period. Renaissance Technologies LLC grew its position in CarParts.com by 2.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,352,700 shares of the specialty retailer’s stock valued at $676,000 after buying an additional 35,900 shares during the period. Geode Capital Management LLC grew its position in CarParts.com by 14.9% during the fourth quarter. Geode Capital Management LLC now owns 649,984 shares of the specialty retailer’s stock valued at $325,000 after buying an additional 84,064 shares during the period. Citadel Advisors LLC increased its holdings in CarParts.com by 171.5% during 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 during the last quarter. Finally, Private Management Group Inc. purchased a new stake in CarParts.com during the third quarter valued at approximately $65,000. Hedge funds and other institutional investors own 75.30% of the company’s stock.

Analysts Set New Price Targets

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

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.