CarParts.com, Inc. (NASDAQ:PRTS) VP Alfredo Gomez sold 3,584 shares of the stock in a transaction on Monday, September 13th. The shares were sold at an average price of $17.69, for a total transaction of $63,400.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
CarParts.com stock opened at $17.02 on Friday. The firm’s 50-day moving average is $17.51 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, Inc. has a 1 year low of $9.40 and a 1 year high of $23.26. The company has a market cap of $888.72 million, a P/E ratio of -283.62 and a beta of 2.69.
CarParts.com (NASDAQ:PRTS) last released its quarterly earnings data on Thursday, August 5th. The specialty retailer reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.10. CarParts.com had a negative net margin of 0.51% and a negative return on equity of 3.17%. The business had revenue of $157.54 million for the quarter, compared to analysts’ expectations of $134.33 million. As a group, sell-side analysts predict that CarParts.com, Inc. will post -0.17 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in shares of CarParts.com by 23.1% in the 1st quarter. BlackRock Inc. now owns 2,991,172 shares of the specialty retailer’s stock worth $42,714,000 after acquiring an additional 562,192 shares during the period. Park West Asset Management LLC increased its holdings in shares of CarParts.com by 21.9% in the 1st quarter. Park West Asset Management LLC now owns 2,782,478 shares of the specialty retailer’s stock worth $39,734,000 after acquiring an additional 500,000 shares during the period. Morgan Stanley increased its holdings in shares of CarParts.com by 18.1% in the 2nd quarter. Morgan Stanley now owns 2,445,197 shares of the specialty retailer’s stock worth $49,784,000 after acquiring an additional 373,946 shares during the period. Wells Fargo & Company MN increased its holdings in shares of CarParts.com by 31.1% in the 2nd quarter. Wells Fargo & Company MN now owns 2,076,859 shares of the specialty retailer’s stock worth $42,286,000 after acquiring an additional 493,034 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of CarParts.com by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,880,056 shares of the specialty retailer’s stock worth $38,278,000 after acquiring an additional 26,230 shares during the period. 78.30% of the stock is currently owned by institutional investors and hedge funds.
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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