Key Points
- Director Barry Phelps purchased 9,900 CarParts.com shares at an average price of $6.48, investing $64,152 and increasing his ownership by 2.95% to 345,788 shares.
- CarParts.com reported a quarterly loss of $0.43 per share, beating the $0.85-loss consensus estimate, while revenue of $135.64 million exceeded expectations of $129.04 million.
- PRTS shares opened at $6.38, with analysts maintaining a cautious outlook: the consensus rating is “Reduce” and the average price target is $6.00; institutional investors own 75.30% of the stock.
CarParts.com, Inc. (NASDAQ:PRTS - Get Free Report) Director Barry Phelps purchased 9,900 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The stock was bought at an average cost of $6.48 per share, with a total value of $64,152.00. Following the completion of the purchase, the director owned 345,788 shares of the company's stock, valued at $2,240,706.24. This represents a 2.95% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Barry Phelps also recently made the following trade(s):
- On Thursday, August 20th, Barry Phelps acquired 100 shares of CarParts.com stock. The shares were purchased at an average cost of $6.15 per share, for a total transaction of $615.00.
CarParts.com Price Performance
PRTS stock opened at $6.38 on Thursday. CarParts.com, Inc. has a fifty-two week low of $3.72 and a fifty-two week high of $13.60. The company has a market capitalization of $51.49 million, a price-to-earnings ratio of -1.47 and a beta of 0.66. The business's 50 day moving average price is $5.91 and its two-hundred day moving average price is $6.90. 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 - Get Free Report) 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 company had revenue of $135.64 million for the quarter, compared to analyst estimates 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
Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp lifted its position in CarParts.com by 13.2% during the fourth quarter. State Street Corp now owns 237,938 shares of the specialty retailer's stock valued at $119,000 after purchasing an additional 27,800 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of CarParts.com in the 2nd quarter worth about $25,000. Renaissance Technologies LLC lifted its holdings in shares of 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 acquiring an additional 35,900 shares during the last quarter. Williams & Novak LLC lifted its holdings in shares of CarParts.com by 27.7% in the 4th 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. purchased a new position in CarParts.com in the fourth quarter worth about $25,000. Institutional investors own 75.30% of the company's stock.
Analyst Ratings Changes
Several research firms recently commented on PRTS. Weiss Ratings reissued a "sell (e+)" rating on shares of CarParts.com in a research note on Friday, July 17th. Royal Bank Of Canada upped their price target on 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 investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $6.00.
Get Our Latest Analysis on CarParts.com
CarParts.com Company Profile
(
Get Free Report)
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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