Carparts.com COO Michael Huffaker buys $133,295 company stock
CarParts.com's Chief Operating Officer, Michael Huffaker, made a stock purchase on September 10, 2026, acquiring 13,250 shares at $10.06 per share, amounting to $133,295. This follows the company's strong second quarter performance, which saw a smaller-than-expected loss and revenue exceeding forecasts. Despite a 10.7% decrease in revenue from the prior year, CarParts.com reported an adjusted EBITDA of $1.8 million, the highest since Q3 2023.
The company attributes this to a strategic focus on more profitable customers, with improvements in gross margin to 33.2% driven by product mix and freight optimization. CarParts.com currently has $38 million in cash and no outstanding revolver debt. Management highlights growth in A-Premium, J.C. Whitney, and fee income as catalysts for future success. The stock has delivered a 73.8% return year-to-date, attracting investor attention.
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