David Meniane Buys 13,250 Shares of CarParts.com (NASDAQ:PRTS) Stock

Key Points

• CEO David Meniane bought 13,250 CarParts.com shares at an average $10.06 per share, investing $133,295 and increasing his direct holdings to 312,664 shares. This followed several other purchases, bringing his recent buying activity to a substantial amount.
• CarParts.com shares traded at $8.69, with a market capitalization of about $70 million. The company recently beat quarterly revenue and EPS expectations, reporting $135.64 million in revenue and a loss of $0.43 per share.
• Analyst sentiment remains cautious: the stock has a consensus “Reduce” rating and a $6.00 price target, below its recent trading price. Despite insider buying, the company continues to report negative profitability metrics, including a 5.35% net margin and 47.19% negative return on equity.

CarParts.com, Inc. (NASDAQ:PRTS - Get Free Report) CEO David Meniane acquired 13,250 shares of the firm's stock in a transaction that occurred on Thursday, September 10th. The stock was acquired 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 executive officer directly owned 312,664 shares in the company, valued at approximately $3,145,399.84. This represents a 4.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 acquired at an average cost 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, with a total value of $203,287.70.
• On Friday, September 4th, David Meniane bought 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 purchased 7,552 shares of CarParts.com stock. The stock was bought 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 cost of $6.88 per share, with a total value of $31,730.56.

CarParts.com Price Performance

Shares of NASDAQ PRTS traded down $1.31 during mid-day trading on Thursday, reaching $8.69. 330,338 shares of the company traded hands, compared to its average volume of 47,367. CarParts.com, Inc. has a fifty-two week low of $3.72 and a fifty-two week high of $10.98. The firm has a market cap of $70.13 million, a PE ratio of -2.01 and a beta of 0.71. The stock has a fifty day simple moving average of $6.37 and a 200-day simple moving average of $7.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.67 and a quick ratio of 0.66.

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

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in shares of CarParts.com during the second quarter valued at approximately $25,000. Cullen Frost Bankers Inc. purchased a new stake in shares of CarParts.com in the fourth quarter valued at $25,000. Marshall Wace LLP boosted its position in shares of CarParts.com by 345.8% in the second quarter. Marshall Wace LLP now owns 68,546 shares of the specialty retailer's stock worth $51,000 after buying an additional 53,170 shares during the period. Bank of America Corp DE grew its holdings in shares of CarParts.com by 249.6% during the first quarter. Bank of America Corp DE now owns 70,094 shares of the specialty retailer's stock valued at $55,000 after buying an additional 50,045 shares in the last quarter. Finally, Private Management Group Inc. acquired a new stake in CarParts.com during the 3rd quarter worth about $65,000. 75.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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's stock. Based on data from MarketBeat, CarParts.com has an average rating of "Reduce" and a consensus price target of $6.00.

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.

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