Belpointe Asset Management LLC Takes $83,000 Position in CarParts.com, Inc. (NASDAQ:PRTS)

Belpointe Asset Management LLC bought a new position in shares of CarParts.com, Inc. (NASDAQ:PRTS – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,258 shares of the specialty retailer’s stock, valued at approximately $83,000.

Several other institutional investors and hedge funds have also bought and sold shares of PRTS. Prelude Capital Management LLC raised its stake in CarParts.com by 8.3% during the 3rd quarter. Prelude Capital Management LLC now owns 409,823 shares of the specialty retailer’s stock worth $2,119,000 after buying an additional 31,277 shares during the period. North Star Investment Management Corp. grew its holdings in shares of CarParts.com by 1.0% during the fourth quarter. North Star Investment Management Corp. now owns 1,300,167 shares of the specialty retailer’s stock valued at $8,139,000 after buying an additional 12,850 shares during the last quarter. ExodusPoint Capital Management LP increased its position in shares of CarParts.com by 87.0% during the third quarter. ExodusPoint Capital Management LP now owns 272,248 shares of the specialty retailer’s stock worth $1,408,000 after acquiring an additional 126,686 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of CarParts.com by 237.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 189,443 shares of the specialty retailer’s stock worth $979,000 after acquiring an additional 133,338 shares during the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in CarParts.com in the 3rd quarter valued at about $4,135,000. 85.08% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Ryan Lockwood sold 7,775 shares of the stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $5.08, for a total value of $39,497.00. Following the completion of the transaction, the chief financial officer now directly owns 58,367 shares of the company’s stock, valued at $296,504.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Ryan Lockwood sold 7,775 shares of the stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $5.08, for a total value of $39,497.00. Following the completion of the transaction, the chief financial officer now directly owns 58,367 shares in the company, valued at approximately $296,504.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Houman Akhavan sold 294,633 shares of CarParts.com stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $5.27, for a total transaction of $1,552,715.91. Following the transaction, the chief marketing officer now owns 226,393 shares of the company’s stock, valued at $1,193,091.11. The disclosure for this sale can be found here. Insiders have sold 308,179 shares of company stock valued at $1,620,998 over the last ninety days. 10.00% of the stock is owned by insiders.

CarParts.com Stock Down 3.2 %

CarParts.com stock opened at $4.20 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.95 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $236.59 million, a P/E ratio of -105.00 and a beta of 2.16. The firm has a 50 day moving average price of $4.93 and a 200-day moving average price of $5.70. CarParts.com, Inc. has a twelve month low of $3.91 and a twelve month high of $9.24.

CarParts.com (NASDAQ:PRTS – Get Rating) last posted its earnings results on Tuesday, March 7th. The specialty retailer reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.02. The business had revenue of $154.52 million during the quarter, compared to analyst estimates of $152.40 million. CarParts.com had a negative return on equity of 1.79% and a negative net margin of 0.30%. During the same quarter in the previous year, the firm earned ($0.10) EPS. As a group, equities analysts predict that CarParts.com, Inc. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on PRTS. Lake Street Capital decreased their price objective on CarParts.com from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, March 8th. StockNews.com initiated coverage on CarParts.com in a research report on Thursday. They issued a “hold” rating for the company.

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.