CarParts.com, Inc. (NASDAQ:PRTS – Get Free Report) CEO David Meniane acquired 21,742 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was purchased at an average price of $9.35 per share, for a total transaction of $203,287.70. Following the completion of the acquisition, the chief executive officer owned 262,771 shares in the company, valued at $2,456,908.85. The trade was a 9.02% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
David Meniane also recently made the following trade(s):
- On Wednesday, September 9th, David Meniane acquired 36,643 shares of CarParts.com stock. The shares were purchased at an average price of $9.64 per share, with a total value of $353,238.52.
- On Friday, September 4th, David Meniane bought 21,154 shares of CarParts.com stock. The shares were purchased at an average cost of $9.11 per share, with a total value of $192,712.94.
- On Friday, August 28th, David Meniane bought 7,552 shares of CarParts.com stock. The shares were purchased at an average cost 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 stock was purchased at an average price of $6.88 per share, for a total transaction of $31,730.56.
CarParts.com Stock Performance
Shares of NASDAQ:PRTS opened at $10.00 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 0.66. CarParts.com, Inc. has a 1 year low of $3.72 and a 1 year high of $10.02. The firm has a market capitalization of $80.70 million, a PE ratio of -2.31 and a beta of 0.71. The business’s 50 day moving average price is $6.32 and its 200-day moving average price is $7.04.
More CarParts.com News
Here are the key news stories impacting CarParts.com this week:
- Positive Sentiment: CEO David Meniane purchased a combined 79,539 shares between September 4 and September 9 for approximately $749,239. The purchases increased his holdings by roughly 36%, bringing his ownership to 299,414 shares. SEC Form 4 filing for CEO purchases
- Positive Sentiment: COO Michael Huffaker bought a combined 79,458 shares for approximately $748,462 over the same period. The purchases increased his holdings by more than 130%, to 139,560 shares. SEC Form 4 filing for COO purchases
- Neutral Sentiment: Combined insider purchases totaled approximately $1.5 million at prices ranging from $9.11 to $9.64 per share. Because the transactions were disclosed in SEC filings and represent direct stock purchases, they are generally viewed more favorably than awards or option exercises, although insider buying does not guarantee improved financial performance.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CarParts.com in a research 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 data from MarketBeat.com, CarParts.com currently has a consensus rating of “Reduce” and an average target price of $6.00.
Institutional Investors Weigh In On CarParts.com
A number of large investors have recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of CarParts.com by 13.2% in the fourth 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 during the last quarter. Renaissance Technologies LLC lifted its position in CarParts.com by 2.7% during the fourth 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 in the last quarter. Geode Capital Management LLC boosted its stake in CarParts.com by 14.9% during the fourth 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. Citadel Advisors LLC boosted its stake in CarParts.com by 171.5% during the third quarter. Citadel Advisors LLC now owns 148,771 shares of the specialty retailer’s stock worth $106,000 after buying an additional 93,971 shares during the last quarter. Finally, Private Management Group Inc. purchased a new stake in CarParts.com in the 3rd quarter valued at $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.
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