CarParts.com, Inc. (NASDAQ:PRTS – Get Free Report) CEO David Meniane bought 13,250 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was bought at an average price of $10.06 per share, with a total value of $133,295.00. Following the transaction, the chief executive officer owned 312,664 shares in the company, valued at approximately $3,145,399.84. This represents a 4.43% 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.
David Meniane also recently made the following trade(s):
- On Wednesday, September 9th, David Meniane purchased 36,643 shares of CarParts.com stock. The shares were bought at an average price of $9.64 per share, for a total transaction of $353,238.52.
- On Tuesday, September 8th, David Meniane purchased 21,742 shares of CarParts.com stock. The stock was bought at an average cost of $9.35 per share, for a total transaction of $203,287.70.
- On Friday, September 4th, David Meniane purchased 21,154 shares of CarParts.com stock. The stock was bought at an average cost of $9.11 per share, for a total transaction of $192,712.94.
- On Friday, August 28th, David Meniane acquired 7,552 shares of CarParts.com stock. The shares were purchased at an average price of $7.16 per share, with a total value of $54,072.32.
- On Thursday, August 27th, David Meniane acquired 4,612 shares of CarParts.com stock. The shares were purchased at an average cost of $6.88 per share, with a total value of $31,730.56.
CarParts.com Stock Down 13.1%
PRTS stock traded down $1.31 during mid-day trading on Thursday, hitting $8.69. The stock had a trading volume of 330,338 shares, compared to its average volume of 47,367. 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, Inc. has a 1-year low of $3.72 and a 1-year high of $10.98. The company has a fifty day moving average of $6.37 and a 200 day moving average of $7.05. The stock has a market capitalization of $70.13 million, a price-to-earnings ratio of -2.01 and a beta of 0.71.
Institutional Trading of CarParts.com
Institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace LLP grew its holdings in shares of CarParts.com by 345.8% in the 2nd quarter. Marshall Wace LLP now owns 68,546 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 53,170 shares during the period. Jane Street Group LLC acquired a new position in shares of CarParts.com in the 2nd quarter valued at approximately $25,000. Vanguard Group Inc. boosted its holdings in shares of CarParts.com by 2.3% in the third quarter. Vanguard Group Inc. now owns 2,554,101 shares of the specialty retailer’s stock valued at $1,816,000 after buying an additional 56,857 shares during the period. Mackenzie Financial Corp raised its holdings in shares of CarParts.com by 20.2% during the third quarter. Mackenzie Financial Corp now owns 1,501,867 shares of the specialty retailer’s stock worth $1,068,000 after acquiring an additional 252,852 shares during the period. Finally, Private Management Group Inc. acquired a new position in CarParts.com in the 3rd quarter worth $65,000. Institutional investors own 75.30% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CarParts.com in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $6.00.
View Our Latest Report on PRTS
Key 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
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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