Michael Huffaker Purchases 21,718 Shares of CarParts.com (NASDAQ:PRTS) Stock

CarParts.com, Inc. (NASDAQ:PRTS) COO Michael Huffaker acquired 21,718 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was bought at an average cost of $9.35 per share, with a total value of $203,063.30. Following the acquisition, the chief operating officer owned 102,980 shares in the company, valued at $962,863. The trade was a 26.73% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Michael Huffaker also recently made the following trade(s):

• On Thursday, September 10th, Michael Huffaker bought 13,250 shares of CarParts.com stock. The shares were purchased at an average price of $10.06 per share, for a total transaction of $133,295.00.
• On Wednesday, September 9th, Michael Huffaker purchased 36,580 shares of CarParts.com stock. The shares were purchased at an average cost of $9.64 per share, for a total transaction of $352,631.20.
• On Friday, September 4th, Michael Huffaker purchased 21,160 shares of CarParts.com stock. The stock was purchased at an average price of $9.11 per share, with a total value of $192,767.60.
• On Friday, August 28th, Michael Huffaker acquired 7,548 shares of CarParts.com stock. The stock was purchased 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 purchased at an average price of $6.88 per share, for a total transaction of $31,744.32.

CarParts.com Stock Down 13.1%

CarParts.com stock opened at $8.69 on Friday. 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 company’s 50-day moving average is $6.37 and its 200-day moving average is $7.05. The firm has a market capitalization of $70.13 million, a PE ratio of -2.01 and a beta of 0.71. CarParts.com, Inc. has a fifty-two week low of $3.72 and a fifty-two week high of $10.98.

CarParts.com (NASDAQ:PRTS) last posted its quarterly earnings results on Thursday, August 6th. The specialty retailer reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.42. The business had revenue of $135.64 million during the quarter, compared to analysts’ expectations of $129.04 million. CarParts.com had a negative return on equity of 47.19% and a negative net margin of 5.35%.

Institutional Investors Weigh In On CarParts.com

A number of institutional investors have recently modified their holdings of PRTS. Jane Street Group LLC acquired a new position in shares of CarParts.com in the second quarter valued at about $25,000. Cullen Frost Bankers Inc. acquired a new stake in CarParts.com in the 4th quarter worth about $25,000. Marshall Wace LLP raised its stake in CarParts.com by 345.8% in the 2nd quarter. Marshall Wace LLP now owns 68,546 shares of the specialty retailer’s stock worth $51,000 after purchasing an additional 53,170 shares in the last quarter. Bank of America Corp DE boosted its holdings in CarParts.com by 249.6% in the 1st quarter. Bank of America Corp DE now owns 70,094 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 50,045 shares during the period. Finally, Private Management Group Inc. bought a new stake in CarParts.com in the 3rd quarter valued at about $65,000. Institutional investors own 75.30% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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 data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $6.00.

CarParts.com News Roundup

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.