Carparts.com CEO David Meniane buys $133k in company stock
CarParts.com's CEO, David Meniane, recently purchased $133,295 worth of company stock on September 10, 2026. The transaction consisted of buying 13,250 shares at a price of $10.06 each. The stock has seen a 74% increase year-to-date, currently trading at $8.69, which is below Meniane's purchase price. As a result of this acquisition, the CEO now owns a total of 312,664 shares of CarParts.com common stock.
Experts view the company as undervalued, with PRTS listed as one of the platform's most undervalued stocks. Despite being unprofitable over the past year, CarParts.com reported stronger-than-expected financial results for Q2 2026, with an adjusted loss of $0.43 per share and revenue of $135.6 million, surpassing analyst estimates.
The company's gross margin improved to 33.2% due to strategic shifts and cost optimizations. Management sees growth in A-Premium, J.C. Whitney, and fee income as future growth drivers.
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