Insider Buying: CarParts.com (NASDAQ:PRTS) COO Purchases $352,631.20 in Stock

by · The Markets Daily

CarParts.com, Inc. (NASDAQ:PRTS – Get Free Report) COO Michael Huffaker acquired 36,580 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were acquired at an average price of $9.64 per share, with a total value of $352,631.20. Following the completion of the transaction, the chief operating officer owned 139,560 shares in the company, valued at $1,345,358.40. The trade was a 35.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, September 8th, Michael Huffaker bought 21,718 shares of CarParts.com stock. The stock was acquired at an average price of $9.35 per share, for a total transaction of $203,063.30.
  • On Friday, September 4th, Michael Huffaker bought 21,160 shares of CarParts.com stock. The shares were acquired at an average cost of $9.11 per share, with a total value of $192,767.60.
  • On Friday, August 28th, Michael Huffaker bought 7,548 shares of CarParts.com stock. The stock was bought at an average cost 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 bought at an average price of $6.88 per share, for a total transaction of $31,744.32.

CarParts.com Price Performance

Shares of CarParts.com stock traded up $0.50 during midday trading on Wednesday, hitting $10.00. 132,698 shares of the company traded hands, compared to its average volume of 58,581. The firm’s fifty day moving average price is $6.24 and its 200-day moving average price is $7.02. The stock has a market cap of $80.70 million, a price-to-earnings ratio of -2.31 and a beta of 0.71. CarParts.com, Inc. has a 12 month low of $3.72 and a 12 month high of $10.02. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.66 and a current ratio of 1.67.

CarParts.com (NASDAQ:PRTS – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The specialty retailer reported ($0.43) EPS for the quarter, beating the consensus estimate 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 business had revenue of $135.64 million during the quarter, compared to the consensus estimate of $129.04 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $6.00.

Get Our Latest Report on PRTS

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. bought a new position in CarParts.com in the 4th quarter valued at approximately $25,000. Jane Street Group LLC bought a new stake in CarParts.com during the 2nd quarter worth approximately $25,000. Marshall Wace LLP grew its holdings in CarParts.com by 345.8% during the 2nd quarter. Marshall Wace LLP now owns 68,546 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 53,170 shares during the last quarter. Bank of America Corp DE increased its position in CarParts.com by 249.6% in the 1st 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 during the period. Finally, Private Management Group Inc. acquired a new position in CarParts.com in the 3rd quarter valued at approximately $65,000. Institutional investors own 75.30% of the company’s stock.

CarParts.com Company Profile

(Get Free Report)

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.

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