CarParts.com (NASDAQ:PRTS) CEO Acquires $133,295.00 in Stock

CarParts.com, Inc. (NASDAQ:PRTS) CEO David Meniane acquired 13,250 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were bought at an average price of $10.06 per share, with a total value of $133,295.00. Following the acquisition, the chief executive officer directly owned 312,664 shares of the company’s stock, valued at $3,145,399.84. The trade was a 4.43% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

CarParts.com Price Performance

CarParts.com stock opened at $9.31 on Friday. The business’s 50 day simple moving average is $6.43 and its 200 day simple moving average is $7.07. CarParts.com, Inc. has a 12 month low of $3.72 and a 12 month high of $10.98. The company has a market cap of $75.13 million, a price-to-earnings ratio of -2.15 and a beta of 0.71. The company has a current ratio of 1.67, a quick ratio of 0.66 and a debt-to-equity ratio of 0.54.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On CarParts.com

A number of large investors have recently modified their holdings of the company. Bank of America Corp DE increased its holdings in 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 acquiring an additional 50,045 shares during the period. North Star Investment Management Corp. boosted its holdings in CarParts.com by 6.3% in 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 purchasing an additional 85,000 shares during the period. Mackenzie Financial Corp boosted its holdings in CarParts.com by 18.5% in the 4th 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 during the period. State Street Corp grew its position in shares of CarParts.com by 13.2% during the 4th quarter. State Street Corp now owns 237,938 shares of the specialty retailer’s stock valued at $119,000 after purchasing an additional 27,800 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of CarParts.com by 2.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,352,700 shares of the specialty retailer’s stock valued at $676,000 after purchasing an additional 35,900 shares in the last quarter. 75.30% of the stock is currently owned by institutional investors.

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.