CarParts.com (NASDAQ:PRTS) COO Michael Huffaker Buys 4,614 Shares of Stock

CarParts.com, Inc. (NASDAQ:PRTS) COO Michael Huffaker bought 4,614 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were purchased at an average cost of $6.88 per share, for a total transaction of $31,744.32. Following the completion of the purchase, the chief operating officer owned 52,554 shares in the company, valued at approximately $361,571.52. This trade represents a 9.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, August 28th, Michael Huffaker bought 7,548 shares of CarParts.com stock. The stock was acquired at an average price of $7.16 per share, with a total value of $54,043.68.

CarParts.com Stock Performance

Shares of CarParts.com stock opened at $7.23 on Tuesday. CarParts.com, Inc. has a 12 month low of $3.72 and a 12 month high of $13.60. The company has a quick ratio of 0.66, a current ratio of 1.67 and a debt-to-equity ratio of 0.54. The stock has a market cap of $58.35 million, a PE ratio of -1.67 and a beta of 0.66. The business has a fifty day simple moving average of $5.96 and a 200-day simple moving average of $6.94.

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

Analyst Upgrades and Downgrades

PRTS has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of CarParts.com in a report on Friday, July 17th. Royal Bank Of Canada raised their price target on shares of CarParts.com from $5.00 to $6.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, CarParts.com currently has a consensus rating of “Reduce” and an average price target of $6.00.

Institutional Trading of CarParts.com

Hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP boosted its position in CarParts.com by 345.8% during the second quarter. Marshall Wace LLP now owns 68,546 shares of the specialty retailer’s stock valued at $51,000 after purchasing an additional 53,170 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of CarParts.com during the 2nd quarter worth about $25,000. Vanguard Group Inc. raised its stake in shares of CarParts.com by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,554,101 shares of the specialty retailer’s stock worth $1,816,000 after purchasing an additional 56,857 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of CarParts.com by 20.2% during the 3rd quarter. Mackenzie Financial Corp now owns 1,501,867 shares of the specialty retailer’s stock valued at $1,068,000 after buying an additional 252,852 shares during the last quarter. Finally, Private Management Group Inc. acquired a new stake in shares of CarParts.com during the 3rd quarter valued at about $65,000. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

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.