13,258 Shares in CarParts.com, Inc. (NASDAQ:PRTS) Purchased by Belpointe Asset Management LLC

Belpointe Asset Management LLC bought a new stake in shares of CarParts.com, Inc. (NASDAQ:PRTS – Get Rating) during the 4th quarter, Holdings Channel reports. The firm bought 13,258 shares of the specialty retailer’s stock, valued at approximately $83,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Captrust Financial Advisors bought a new position in CarParts.com during the second quarter valued at approximately $35,000. Quantbot Technologies LP purchased a new position in shares of CarParts.com in the 1st quarter worth $40,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of CarParts.com by 64.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,874 shares of the specialty retailer’s stock worth $43,000 after buying an additional 2,700 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in CarParts.com during the second quarter valued at $54,000. Finally, Jump Financial LLC bought a new position in CarParts.com in the third quarter valued at about $55,000. Hedge funds and other institutional investors own 85.08% of the company’s stock.

Insider Activity

In other CarParts.com news, Director Jim Barnes bought 18,700 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were purchased at an average price of $5.34 per share, with a total value of $99,858.00. Following the completion of the purchase, the director now owns 85,297 shares in the company, valued at approximately $455,485.98. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CTO Kals Subramanian sold 4,953 shares of CarParts.com stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $5.08, for a total value of $25,161.24. Following the completion of the sale, the chief technology officer now directly owns 25,119 shares in the company, valued at $127,604.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jim Barnes acquired 18,700 shares of the stock in a transaction that occurred on Wednesday, March 15th. The stock was acquired at an average cost of $5.34 per share, with a total value of $99,858.00. Following the completion of the purchase, the director now owns 85,297 shares of the company’s stock, valued at $455,485.98. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 308,179 shares of company stock valued at $1,620,998. 10.00% of the stock is currently owned by company insiders.

CarParts.com Trading Down 3.2 %

PRTS stock opened at $4.20 on Friday. The company has a market capitalization of $236.59 million, a price-to-earnings ratio of -105.00 and a beta of 2.16. CarParts.com, Inc. has a 1-year low of $3.91 and a 1-year high of $9.24. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.95 and a quick ratio of 0.72. The business has a 50 day simple moving average of $4.93 and a two-hundred day simple moving average of $5.70.

CarParts.com (NASDAQ:PRTS – Get Rating) last issued its quarterly earnings data on Tuesday, March 7th. The specialty retailer reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.02. The business had revenue of $154.52 million during the quarter, compared to analysts’ expectations of $152.40 million. CarParts.com had a negative net margin of 0.30% and a negative return on equity of 1.79%. During the same period last year, the company posted ($0.10) EPS. Research analysts anticipate that CarParts.com, Inc. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PRTS shares. StockNews.com initiated coverage on shares of CarParts.com in a report on Thursday. They issued a “hold” rating on the stock. Lake Street Capital cut their price target on CarParts.com from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, March 8th.

CarParts.com Company Profile

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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.