Barry Phelps Acquires 9,900 Shares of CarParts.com (NASDAQ:PRTS) Stock

CarParts.com, Inc. (NASDAQ:PRTS) Director Barry Phelps acquired 9,900 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was bought at an average price of $6.48 per share, for a total transaction of $64,152.00. Following the completion of the acquisition, the director owned 345,788 shares of the company’s stock, valued at approximately $2,240,706.24. The trade was a 2.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Barry Phelps also recently made the following trade(s):

• On Thursday, August 20th, Barry Phelps bought 100 shares of CarParts.com stock. The shares were bought at an average cost of $6.15 per share, with a total value of $615.00.

CarParts.com Stock Performance

Shares of PRTS stock opened at $7.17 on Friday. CarParts.com, Inc. has a 52 week low of $3.72 and a 52 week high of $13.60. The company has a market capitalization of $57.86 million, a price-to-earnings ratio of -1.66 and a beta of 0.66. The company has a 50-day simple moving average of $5.93 and a 200 day simple moving average of $6.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.66 and a current ratio of 1.67.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of CarParts.com in a research note on Friday, July 17th. Royal Bank Of Canada boosted their price target on CarParts.com from $5.00 to $6.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, CarParts.com has an average rating of “Reduce” and an average target price of $6.00.

Institutional Trading of CarParts.com

A number of institutional investors have recently bought and sold shares of the business. Marshall Wace LLP increased its holdings in shares of CarParts.com by 345.8% during the second 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 during the period. Jane Street Group LLC acquired a new stake in shares of CarParts.com in the second quarter valued at approximately $25,000. Vanguard Group Inc. boosted its stake 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 boosted its stake in shares of CarParts.com by 20.2% in the third quarter. Mackenzie Financial Corp now owns 1,501,867 shares of the specialty retailer’s stock valued at $1,068,000 after buying an additional 252,852 shares during the period. Finally, Private Management Group Inc. acquired a new stake in CarParts.com during the third quarter worth approximately $65,000. Institutional investors own 75.30% of the company’s stock.

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.