CarParts.com (NASDAQ:PRTS) CEO David Meniane Buys 36,643 Shares of Stock

CarParts.com, Inc. (NASDAQ:PRTS – Get Free Report) CEO David Meniane purchased 36,643 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were purchased at an average cost of $9.64 per share, with a total value of $353,238.52. Following the purchase, the chief executive officer directly owned 299,414 shares in the company, valued at approximately $2,886,350.96. The trade was a 13.94% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

• 3 more tax-loss selling buy opportunities

David Meniane also recently made the following trade(s):

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

CarParts.com Price Performance

Shares of NASDAQ PRTS traded up $0.50 on Wednesday, hitting $10.00. The company’s stock had a trading volume of 132,698 shares, compared to its average volume of 58,581. CarParts.com, Inc. has a 12-month low of $3.72 and a 12-month high of $10.02. The company has a market capitalization of $80.70 million, a price-to-earnings ratio of -2.31 and a beta of 0.71. 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 stock has a 50 day moving average of $6.24 and a 200-day moving average of $7.02.

CarParts.com (NASDAQ:PRTS – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The specialty retailer reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations 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 company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $6.00.

View Our Latest Stock Analysis on PRTS

Institutional Investors Weigh In On CarParts.com

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new position in shares of CarParts.com in the fourth quarter valued at approximately $25,000. Jane Street Group LLC purchased a new position in shares of CarParts.com during the second quarter valued at approximately $25,000. 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 worth $51,000 after acquiring an additional 53,170 shares during the last quarter. Bank of America Corp DE boosted its position in CarParts.com by 249.6% during the first 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 last quarter. Finally, Private Management Group Inc. acquired a new stake in CarParts.com during the third quarter worth approximately $65,000. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

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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