Michael Huffaker Buys 21,160 Shares of CarParts.com (NASDAQ:PRTS) Stock

CarParts.com, Inc. (NASDAQ:PRTS) COO Michael Huffaker acquired 21,160 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were acquired at an average price of $9.11 per share, with a total value of $192,767.60. Following the acquisition, the chief operating officer owned 81,262 shares in the company, valued at approximately $740,296.82. The trade was a 35.21% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, September 10th, Michael Huffaker bought 13,250 shares of CarParts.com stock. The shares were acquired at an average price of $10.06 per share, for a total transaction of $133,295.00.
• On Wednesday, September 9th, Michael Huffaker bought 36,580 shares of CarParts.com stock. The shares were acquired at an average cost of $9.64 per share, for a total transaction of $352,631.20.
• On Tuesday, September 8th, Michael Huffaker purchased 21,718 shares of CarParts.com stock. The stock was acquired at an average price of $9.35 per share, with a total value of $203,063.30.
• On Friday, August 28th, Michael Huffaker purchased 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.
• On Thursday, August 27th, Michael Huffaker purchased 4,614 shares of CarParts.com stock. The stock was acquired at an average cost of $6.88 per share, with a total value of $31,744.32.

CarParts.com Price Performance

Shares of PRTS stock opened at $8.69 on Friday. CarParts.com, Inc. has a fifty-two week low of $3.72 and a fifty-two week high of $10.98. The firm has a market capitalization of $70.13 million, a price-to-earnings ratio of -2.01 and a beta of 0.71. 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’s 50-day simple moving average is $6.37 and its 200-day simple moving average is $7.05.

CarParts.com (NASDAQ:PRTS) last posted its quarterly earnings data on Thursday, August 6th. The specialty retailer reported ($0.43) earnings per share (EPS) 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 the consensus estimate of $129.04 million. CarParts.com had a negative net margin of 5.35% and a negative return on equity of 47.19%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of CarParts.com by 2.3% during the third 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 during the period. Mackenzie Financial Corp boosted its position in CarParts.com by 18.5% in the fourth quarter. Mackenzie Financial Corp now owns 1,779,674 shares of the specialty retailer’s stock valued at $880,000 after buying an additional 277,807 shares during the last quarter. North Star Investment Management Corp. increased 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 worth $1,128,000 after buying an additional 85,000 shares during the period. Renaissance Technologies LLC increased its holdings in CarParts.com by 2.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,352,700 shares of the specialty retailer’s stock worth $676,000 after buying an additional 35,900 shares during the period. Finally, Geode Capital Management LLC raised its position in 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 during the last quarter. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

More CarParts.com News

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

Analyst Upgrades and Downgrades

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

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.