Key Points
- CEO David Meniane bought 13,250 shares of CarParts.com at an average price of $10.06, investing $133,295 and increasing his direct holdings to 312,664 shares. This follows several additional purchases in recent weeks.
- CarParts.com recently beat quarterly earnings expectations, reporting a loss of $0.43 per share versus the anticipated $0.85 loss, while revenue of $135.64 million exceeded estimates of $129.04 million.
- Analyst sentiment remains cautious: the stock carries a consensus “Reduce” rating and a $6.00 average price target, below recent trading levels. The company also continues to report negative profitability metrics, including a negative net margin and return on equity.
CarParts.com, Inc. (NASDAQ:PRTS - Get Free Report) CEO David Meniane bought 13,250 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were bought at an average price of $10.06 per share, for a total transaction of $133,295.00. Following the completion of the transaction, the chief executive officer directly owned 312,664 shares of the company's stock, valued at $3,145,399.84. This represents a 4.43% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
David Meniane also recently made the following trade(s):
- On Wednesday, September 9th, David Meniane purchased 36,643 shares of CarParts.com stock. The stock was bought at an average price of $9.64 per share, with a total value of $353,238.52.
- On Tuesday, September 8th, David Meniane acquired 21,742 shares of CarParts.com stock. The stock was bought at an average cost of $9.35 per share, for a total transaction of $203,287.70.
- On Friday, September 4th, David Meniane acquired 21,154 shares of CarParts.com stock. The shares were bought at an average cost of $9.11 per share, for a total transaction of $192,712.94.
- On Friday, August 28th, David Meniane bought 7,552 shares of CarParts.com stock. The stock was purchased at an average cost of $7.16 per share, with a total value of $54,072.32.
- On Thursday, August 27th, David Meniane purchased 4,612 shares of CarParts.com stock. The stock was bought at an average price of $6.88 per share, with a total value of $31,730.56.
CarParts.com Stock Performance
Shares of CarParts.com stock opened at $8.69 on Friday. The company 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 52 week low of $3.72 and a 52 week high of $10.98. The stock's fifty 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 (NASDAQ:PRTS - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The specialty retailer reported ($0.43) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.85) by $0.42. The firm had revenue of $135.64 million during 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 Trading of CarParts.com
Several hedge funds have recently modified their holdings of PRTS. Cullen Frost Bankers Inc. purchased a new position in shares of CarParts.com in the 4th quarter worth approximately $25,000. Jane Street Group LLC purchased a new stake in CarParts.com during the second quarter valued at approximately $25,000. Marshall Wace LLP boosted its stake in CarParts.com by 345.8% in the second quarter. Marshall Wace LLP now owns 68,546 shares of the specialty retailer's stock valued at $51,000 after acquiring an additional 53,170 shares in the last quarter. Bank of America Corp DE grew its holdings in CarParts.com by 249.6% in the first quarter. Bank of America Corp DE now owns 70,094 shares of the specialty retailer's stock worth $55,000 after purchasing an additional 50,045 shares during the last quarter. Finally, Private Management Group Inc. acquired a new position in shares of CarParts.com during the third quarter worth $65,000. 75.30% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting CarParts.com
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
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of CarParts.com in a research note on Friday, July 17th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, CarParts.com currently has a consensus rating of "Reduce" and an average price target of $6.00.
Check Out Our Latest Analysis on CarParts.com
About CarParts.com
(
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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