CarParts.com, Inc. (NASDAQ:PRTS – Get Free Report) COO Michael Huffaker bought 4,614 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were bought at an average cost of $6.88 per share, for a total transaction of $31,744.32. Following the transaction, the chief operating officer owned 52,554 shares in the company, valued at $361,571.52. The trade was a 9.62% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.
Michael Huffaker also recently made the following trade(s):
- On Friday, August 28th, Michael Huffaker purchased 7,548 shares of CarParts.com stock. The shares were purchased at an average price of $7.16 per share, for a total transaction of $54,043.68.
CarParts.com Price Performance
Shares of NASDAQ PRTS opened at $7.97 on Thursday. CarParts.com, Inc. has a 52 week low of $3.72 and a 52 week high of $13.60. The business’s 50 day moving average price is $6.02 and its 200 day moving average price is $6.96. The company has a quick ratio of 0.66, a current ratio of 1.67 and a debt-to-equity ratio of 0.54. The firm has a market cap of $64.32 million, a P/E ratio of -1.84 and a beta of 0.71.
Analysts Set New Price Targets
PRTS has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of CarParts.com in a research report on Friday, July 17th. Royal Bank Of Canada boosted their target price on shares of CarParts.com from $5.00 to $6.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $6.00.
Check Out Our Latest Stock Report on CarParts.com
Hedge Funds Weigh In On CarParts.com
Institutional investors have recently bought and sold shares of the company. State Street Corp grew its stake in shares of 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 during the period. Jane Street Group LLC acquired a new stake in shares of CarParts.com during the 2nd quarter worth approximately $25,000. Renaissance Technologies LLC raised its position in shares of CarParts.com by 2.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,352,700 shares of the specialty retailer’s stock valued at $676,000 after buying an additional 35,900 shares during the period. Williams & Novak LLC lifted 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 valued at $94,000 after acquiring an additional 40,900 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in CarParts.com in the fourth quarter valued at approximately $25,000. 75.30% of the stock is owned by hedge funds and other institutional investors.
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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