CarParts.com, Inc. (NASDAQ:PRTS - Get Rating) CMO Houman Akhavan sold 294,633 shares of CarParts.com stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $5.27, for a total transaction of $1,552,715.91. Following the completion of the sale, the chief marketing officer now directly owns 226,393 shares in the company, valued at approximately $1,193,091.11. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
CarParts.com Stock Performance
Shares of CarParts.com stock traded down $0.11 during trading hours on Friday, reaching $5.42. The company had a trading volume of 739,136 shares, compared to its average volume of 770,551. The firm has a market cap of $297.04 million, a PE ratio of -271.00 and a beta of 2.20. CarParts.com, Inc. has a one year low of $3.91 and a one year high of $9.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.91 and a quick ratio of 0.36. The business has a fifty day simple moving average of $6.57 and a 200 day simple moving average of $5.87.
CarParts.com (NASDAQ:PRTS - Get Rating) last issued its earnings results on Tuesday, March 7th. The specialty retailer reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.02. CarParts.com had a negative return on equity of 0.87% and a negative net margin of 0.14%. The business had revenue of $154.52 million during the quarter, compared to the consensus estimate of $152.40 million. During the same quarter last year, the company earned ($0.10) EPS. On average, analysts anticipate that CarParts.com, Inc. will post -0.08 earnings per share for the current fiscal year.
Hedge Funds Weigh In On CarParts.com
Several hedge funds have recently bought and sold shares of PRTS. Cannell Capital LLC boosted its position in shares of CarParts.com by 121.0% during the 1st quarter. Cannell Capital LLC now owns 3,449,900 shares of the specialty retailer's stock valued at $23,114,000 after acquiring an additional 1,888,719 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in CarParts.com by 144.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,652,527 shares of the specialty retailer's stock worth $11,468,000 after buying an additional 977,395 shares in the last quarter. Portolan Capital Management LLC grew its stake in CarParts.com by 62.6% in the 4th quarter. Portolan Capital Management LLC now owns 2,410,407 shares of the specialty retailer's stock worth $15,089,000 after buying an additional 928,117 shares in the last quarter. Kanen Wealth Management LLC increased its holdings in shares of CarParts.com by 41.6% in the 4th quarter. Kanen Wealth Management LLC now owns 3,054,591 shares of the specialty retailer's stock worth $19,122,000 after buying an additional 896,659 shares during the last quarter. Finally, Oaktop Capital Management II L.P. raised its position in shares of CarParts.com by 34.0% during the 3rd quarter. Oaktop Capital Management II L.P. now owns 3,351,779 shares of the specialty retailer's stock valued at $17,328,000 after buying an additional 850,110 shares in the last quarter. Hedge funds and other institutional investors own 85.08% of the company's stock.
Wall Street Analysts Forecast Growth
PRTS has been the topic of several research reports. Roth Capital boosted their target price on CarParts.com from $7.50 to $9.00 in a research note on Friday, December 16th. StockNews.com initiated coverage on CarParts.com in a research note on Thursday. They issued a "hold" rating on the stock. Finally, Lake Street Capital cut their target price on shares of CarParts.com from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Wednesday, March 8th.
CarParts.com Company Profile
CarParts.com, Inc operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. Its products include Collision Parts, Engine Parts, Performance Parts and Accessories. The firm also sells auto parts to collision repair shops, markets Kool-Vue products to auto parts wholesale distributor, and aftermarket catalytic converters under the Evan Fischer brand.
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