U.S. Auto Parts Network, Inc. (PRTS) Issues Quarterly Earnings Results

U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) posted its quarterly earnings results on Monday. The specialty retailer reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01, Briefing.com reports. The firm had revenue of $73.81 million during the quarter, compared to analysts’ expectations of $75.57 million. U.S. Auto Parts Network had a return on equity of 8.59% and a net margin of 8.74%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 EPS.

U.S. Auto Parts Network (NASDAQ PRTS) opened at 2.56 on Wednesday. U.S. Auto Parts Network has a 12-month low of $2.27 and a 12-month high of $4.13. The firm has a 50-day moving average price of $2.78 and a 200 day moving average price of $3.03. The firm has a market cap of $92.30 million, a PE ratio of 3.62 and a beta of 1.49.

Several research firms have commented on PRTS. Zacks Investment Research raised U.S. Auto Parts Network from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. Roth Capital set a $5.00 price target on U.S. Auto Parts Network and gave the company a “buy” rating in a report on Tuesday, August 1st.

A hedge fund recently raised its stake in U.S. Auto Parts Network stock. Northern Trust Corp increased its holdings in U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) by 47.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,015 shares of the specialty retailer’s stock after buying an additional 14,163 shares during the period. Northern Trust Corp owned 0.13% of U.S. Auto Parts Network worth $142,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 58.33% of the company’s stock.

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About U.S. Auto Parts Network

U.S. Auto Parts Network, Inc is an online provider of automotive aftermarket parts and repair information. The Company is an online provider of aftermarket auto parts, including collision parts, engine parts, and performance parts and accessories. The Company operates through two segments: Base USAP, which is an auto parts business, and AutoMD, an online automotive repair source.

Earnings History for U.S. Auto Parts Network (NASDAQ:PRTS)

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