CarParts.com (NASDAQ:PRTS) COO Michael Huffaker Purchases 13,250 Shares of Stock

CarParts.com, Inc. (NASDAQ:PRTS) COO Michael Huffaker acquired 13,250 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were bought at an average cost of $10.06 per share, with a total value of $133,295.00. Following the completion of the acquisition, the chief operating officer owned 152,810 shares in the company, valued at $1,537,268.60. This represents a 9.49% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, September 9th, Michael Huffaker bought 36,580 shares of CarParts.com stock. The stock was bought at an average cost of $9.64 per share, with a total value of $352,631.20.
• On Tuesday, September 8th, Michael Huffaker purchased 21,718 shares of CarParts.com stock. The shares were bought at an average cost of $9.35 per share, for a total transaction of $203,063.30.
• 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 Trading Down 13.1%

NASDAQ:PRTS opened at $8.69 on Friday. The company has a market cap of $70.13 million, a PE ratio of -2.01 and a beta of 0.71. The business’s 50 day moving average is $6.37 and its two-hundred day moving average is $7.05. The company has a quick ratio of 0.66, a current ratio of 1.67 and a debt-to-equity ratio of 0.54. CarParts.com, Inc. has a 52 week low of $3.72 and a 52 week high of $10.98.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PRTS. State Street Corp grew its position in shares of CarParts.com by 13.2% during the fourth quarter. State Street Corp now owns 237,938 shares of the specialty retailer’s stock worth $119,000 after acquiring an additional 27,800 shares during the last quarter. Renaissance Technologies LLC lifted its position in CarParts.com by 2.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,352,700 shares of the specialty retailer’s stock valued at $676,000 after purchasing an additional 35,900 shares during the last quarter. Geode Capital Management LLC grew its holdings in CarParts.com by 14.9% in the 4th quarter. Geode Capital Management LLC now owns 649,984 shares of the specialty retailer’s stock worth $325,000 after buying an additional 84,064 shares in the last quarter. Citadel Advisors LLC boosted its holdings in CarParts.com by 171.5% during the third quarter. Citadel Advisors LLC now owns 148,771 shares of the specialty retailer’s stock worth $106,000 after buying an additional 93,971 shares in the last quarter. Finally, Private Management Group Inc. acquired a new stake in shares of CarParts.com during the third quarter valued at approximately $65,000. 75.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CarParts.com in a report on Friday, July 17th. One investment 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 presently has a consensus rating of “Reduce” and a consensus price target of $6.00.

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

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.