CarParts.com (NASDAQ:PRTS) Director Purchases $64,152.00 in Stock

CarParts.com, Inc. (NASDAQ:PRTS) Director Barry Phelps purchased 9,900 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average price of $6.48 per share, for a total transaction of $64,152.00. Following the purchase, the director directly owned 345,788 shares in the company, valued at approximately $2,240,706.24. The trade was a 2.95% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

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

CarParts.com Trading Up 1.4%

NASDAQ:PRTS opened at $7.27 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. The firm has a market capitalization of $58.67 million, a price-to-earnings ratio of -1.68 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 business has a fifty day moving average price of $5.94 and a 200-day moving average price of $6.92.

CarParts.com (NASDAQ:PRTS) last announced its 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 return on equity of 47.19% and a negative net margin of 5.35%.The company had revenue of $135.64 million for the quarter, compared to analysts’ expectations of $129.04 million.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PRTS shares. Royal Bank Of Canada lifted 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 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 stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $6.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in CarParts.com in the 2nd quarter worth $25,000. Cullen Frost Bankers Inc. bought a new stake in CarParts.com during the fourth quarter valued at about $25,000. Marshall Wace LLP lifted its position in shares of CarParts.com by 345.8% in the second quarter. Marshall Wace LLP now owns 68,546 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 53,170 shares in the last quarter. Bank of America Corp DE lifted its position in shares of CarParts.com by 249.6% in the first quarter. Bank of America Corp DE now owns 70,094 shares of the specialty retailer’s stock valued at $55,000 after acquiring an additional 50,045 shares in the last quarter. Finally, Private Management Group Inc. bought a new position in shares of CarParts.com in the third quarter worth about $65,000. Hedge funds and other 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.