CarParts.com, Inc. (NASDAQ:PRTS) CMO Sells $92,854.81 in Stock

CarParts.com, Inc. (NASDAQ:PRTS) CMO Houman Akhavan sold 5,249 shares of the business’s stock in a transaction dated Monday, September 13th. The shares were sold at an average price of $17.69, for a total value of $92,854.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Houman Akhavan also recently made the following trade(s):

  • On Friday, August 6th, Houman Akhavan sold 700 shares of CarParts.com stock. The stock was sold at an average price of $20.51, for a total value of $14,357.00.
  • On Thursday, June 24th, Houman Akhavan sold 300 shares of CarParts.com stock. The stock was sold at an average price of $19.55, for a total transaction of $5,865.00.
  • On Tuesday, June 22nd, Houman Akhavan sold 16,585 shares of CarParts.com stock. The shares were sold at an average price of $19.54, for a total transaction of $324,070.90.

Shares of PRTS stock opened at $16.54 on Wednesday. CarParts.com, Inc. has a 52-week low of $9.40 and a 52-week high of $23.26. The stock has a market cap of $863.65 million, a price-to-earnings ratio of -275.62 and a beta of 2.69. The firm’s 50-day moving average is $17.56 and its 200-day moving average is $16.84. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.54 and a current ratio of 1.87.

CarParts.com (NASDAQ:PRTS) last announced its quarterly earnings results on Thursday, August 5th. The specialty retailer reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.10. CarParts.com had a negative return on equity of 3.17% and a negative net margin of 0.51%. The firm had revenue of $157.54 million for the quarter, compared to the consensus estimate of $134.33 million. Sell-side analysts predict that CarParts.com, Inc. will post -0.17 EPS for the current fiscal year.

A number of analysts recently issued reports on the company. Zacks Investment Research raised CarParts.com from a “sell” rating to a “hold” rating in a research report on Saturday, August 7th. Royal Bank of Canada boosted their price target on CarParts.com from $18.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, August 6th. Finally, TheStreet upgraded CarParts.com from a “d+” rating to a “c-” rating in a research note on Monday, August 9th.

A number of institutional investors and hedge funds have recently bought and sold shares of PRTS. BlackRock Inc. lifted its holdings in CarParts.com by 23.1% during the 1st quarter. BlackRock Inc. now owns 2,991,172 shares of the specialty retailer’s stock valued at $42,714,000 after purchasing an additional 562,192 shares during the last quarter. Park West Asset Management LLC raised its position in shares of CarParts.com by 21.9% in the first quarter. Park West Asset Management LLC now owns 2,782,478 shares of the specialty retailer’s stock valued at $39,734,000 after purchasing an additional 500,000 shares during the period. Morgan Stanley lifted its stake in shares of CarParts.com by 18.1% during the 2nd quarter. Morgan Stanley now owns 2,445,197 shares of the specialty retailer’s stock worth $49,784,000 after buying an additional 373,946 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of CarParts.com by 31.1% during the 2nd quarter. Wells Fargo & Company MN now owns 2,076,859 shares of the specialty retailer’s stock worth $42,286,000 after buying an additional 493,034 shares during the period. Finally, Vanguard Group Inc. grew its stake in CarParts.com by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,880,056 shares of the specialty retailer’s stock valued at $38,278,000 after buying an additional 26,230 shares during the last quarter. Institutional investors and hedge funds own 78.30% of the company’s stock.

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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Insider Buying and Selling by Quarter for CarParts.com (NASDAQ:PRTS)

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