CarParts.com, Inc., together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce websites and online marketplaces. The company also sells auto parts to collision repair shops; markets Kool-Vue products to auto parts wholesale distributors; and aftermarket catalytic converters under the Evan Fischer brand. Its flagship websites include www.carparts.com, www.jcwhitney.com, www.autopartswarehouse.com and www.usautoparts.com. The company was formerly known as U.S. Auto Parts Network, Inc. and changed its name to CarParts.com, Inc. in July 2020. CarParts.com, Inc. was incorporated in 1995 and is headquartered in Torrance, California.
CarParts.com Trading Down 5.0 %
Shares of CarParts.com stock traded down $0.45 during mid-day trading on Wednesday, hitting $8.59. The stock had a trading volume of 8,536 shares, compared to its average volume of 786,951. The firm has a 50-day moving average of $7.92 and a two-hundred day moving average of $7.70. CarParts.com has a 12-month low of $5.90 and a 12-month high of $18.58. The company has a quick ratio of 0.27, a current ratio of 1.69 and a debt-to-equity ratio of 0.15. The firm has a market cap of $467.81 million, a P/E ratio of -109.11 and a beta of 2.35.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of CarParts.com from a "sell" rating to a "hold" rating in a report on Thursday, June 30th.
Insider Activity
In other news, VP Alfredo Gomez sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $7.05, for a total value of $70,500.00. Following the completion of the sale, the vice president now owns 536,264 shares of the company's stock, valued at approximately $3,780,661.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 10.00% of the company's stock.