CarParts.com, Inc. (NASDAQ:PRTS – Get Free Report) COO Michael Huffaker acquired 21,718 shares of the stock in a transaction dated Tuesday, September 8th. The stock was purchased at an average cost of $9.35 per share, with a total value of $203,063.30. Following the purchase, the chief operating officer directly owned 102,980 shares of the company’s stock, valued at $962,863. This trade represents a 26.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Michael Huffaker also recently made the following trade(s):
- On Thursday, September 10th, Michael Huffaker acquired 13,250 shares of CarParts.com stock. The stock was acquired at an average cost of $10.06 per share, for a total transaction of $133,295.00.
- On Wednesday, September 9th, Michael Huffaker acquired 36,580 shares of CarParts.com stock. The stock was bought at an average price of $9.64 per share, with a total value of $352,631.20.
- On Friday, September 4th, Michael Huffaker bought 21,160 shares of CarParts.com stock. The shares were bought at an average cost of $9.11 per share, for a total transaction of $192,767.60.
- On Friday, August 28th, Michael Huffaker purchased 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 acquired 4,614 shares of CarParts.com stock. The shares were bought at an average price of $6.88 per share, with a total value of $31,744.32.
CarParts.com Price Performance
CarParts.com stock opened at $9.31 on Friday. The firm has a market cap of $75.13 million, a P/E ratio of -2.15 and a beta of 0.71. The stock’s 50 day moving average is $6.43 and its 200 day moving average is $7.07. 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 one year low of $3.72 and a one year high of $10.98.
Institutional Investors Weigh In On CarParts.com
Several hedge funds and other institutional investors have recently bought and sold shares of PRTS. State Street Corp increased its position in CarParts.com by 13.2% in the 4th quarter. State Street Corp now owns 237,938 shares of the specialty retailer’s stock valued at $119,000 after buying an additional 27,800 shares in the last quarter. Jane Street Group LLC acquired a new position in CarParts.com during the 2nd quarter worth approximately $25,000. Renaissance Technologies LLC boosted its holdings in CarParts.com by 2.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,352,700 shares of the specialty retailer’s stock worth $676,000 after acquiring an additional 35,900 shares in the last quarter. Williams & Novak LLC boosted its holdings in CarParts.com by 27.7% in the fourth quarter. Williams & Novak LLC now owns 188,500 shares of the specialty retailer’s stock worth $94,000 after acquiring an additional 40,900 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in CarParts.com in the fourth quarter valued at approximately $25,000. 75.30% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CarParts.com in a research report on Friday, July 17th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $6.00.
View Our Latest Analysis on CarParts.com
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.
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