U.S. Auto Parts Network director just picked up 673 shares
Jay Keith Greyson, a director of U.S. Auto Parts Network, recently acquired 673 shares of the company. The buys took place at $3.48 per share, on January 03, 2017. Greyson now owns 6,007 shares of the company. Greyson operates out of Carson, CA. Some additional info was provided as follows:
To receive a free e-mail notification whenever U.S. Auto Parts Network makes a similar move, sign up!
Jay Keith Greyson, a director of U.S. Auto Parts Network, recently acquired 673 shares of the company. The buys took place at $3.48 per share, on January 03, 2017. Greyson now owns 6,007 shares of the company. Greyson operates out of Carson, CA. Some additional info was provided as follows:
Shares were awarded pursuant to the U.S. Auto Parts Network, Inc. Director Payment Election Plan in lieu of retainer fees equal to $2,342.04.
The above information was disclosed in a filing to the SEC. To see the filing, click here. To receive a free e-mail notification whenever U.S. Auto Parts Network makes a similar move, sign up!
U.S. Auto Parts to Present at the 13th Annual Noble Capital Markets Investor Conference on January 30, 2017
PR NewswireJanuary 19, 2017
CARSON, Calif., Jan. 19, 2017 /PRNewswire/ --U.S. Auto Parts Network, Inc. (PRTS), one of the largest online providers of aftermarket automotive parts and accessories, has been invited to present at the 13th Annual Noble Capital Markets Investor Conference being held January 30-31, 2017 at the Boca Raton Resort Club in Boca Raton, Florida.
U.S. Auto Parts is scheduled to present on Monday, January 30 at 9:30 a.m. Eastern time with one-on-one meetings held throughout the day.
For additional information or to schedule a one-on-one meeting, please contact your Noble representative.
About U.S. Auto Parts Network, Inc.
Established in 1995, U.S. Auto Parts Network, Inc. (the "Company") is a leading online provider of automotive aftermarket parts, including collision, engine, and performance parts and accessories. Through the Company's network of websites, U.S. Auto Parts provides consumers with a broad selection of competitively priced products, all mapped by a proprietary database with applications based on vehicle makes, models and years. U.S. Auto Parts' flagship websites include www.autopartswarehouse.com, www.carparts.com, www.jcwhitney.com, and www.AutoMD.com, as well as the Company's corporate website at www.usautoparts.net.
U.S. Auto Parts is headquartered in Carson, California.
Company Contact:
Neil T. Watanabe, Chief Financial Officer
U.S. Auto Parts Network, Inc.
(424) 702-1455 x421
nwatanabe@usautoparts.com
Investor Relations:
Cody Slach or Sean Mansouri
Liolios
(949) 574-3860
PRTS@liolios.com
PR NewswireJanuary 19, 2017
CARSON, Calif., Jan. 19, 2017 /PRNewswire/ --U.S. Auto Parts Network, Inc. (PRTS), one of the largest online providers of aftermarket automotive parts and accessories, has been invited to present at the 13th Annual Noble Capital Markets Investor Conference being held January 30-31, 2017 at the Boca Raton Resort Club in Boca Raton, Florida.
U.S. Auto Parts is scheduled to present on Monday, January 30 at 9:30 a.m. Eastern time with one-on-one meetings held throughout the day.
For additional information or to schedule a one-on-one meeting, please contact your Noble representative.
About U.S. Auto Parts Network, Inc.
Established in 1995, U.S. Auto Parts Network, Inc. (the "Company") is a leading online provider of automotive aftermarket parts, including collision, engine, and performance parts and accessories. Through the Company's network of websites, U.S. Auto Parts provides consumers with a broad selection of competitively priced products, all mapped by a proprietary database with applications based on vehicle makes, models and years. U.S. Auto Parts' flagship websites include www.autopartswarehouse.com, www.carparts.com, www.jcwhitney.com, and www.AutoMD.com, as well as the Company's corporate website at www.usautoparts.net.
U.S. Auto Parts is headquartered in Carson, California.
Company Contact:
Neil T. Watanabe, Chief Financial Officer
U.S. Auto Parts Network, Inc.
(424) 702-1455 x421
nwatanabe@usautoparts.com
Investor Relations:
Cody Slach or Sean Mansouri
Liolios
(949) 574-3860
PRTS@liolios.com
Next leg up should be coming . Still think this company gets sold this year for 8 or more
PRTSU.S. Auto Parts Sets Fourth Quarter and Full Year 2016 Conference Call for Monday, March 6, 2017 at 5:00 p.m. ET (PR Newswire)
PRTSU.S. Auto Parts Sets Fourth Quarter and Full Year 2016 Conference Call for Monday, March 6, 2017 at 5:00 p.m. ET (PR Newswire)
Earnings 3/6
| 2/13/17, 4:32 PM Lafitte Capital, LLC has increased their shares in $PRTS by 29% since their previous 13D/G filing - https://fintel.io/soh/us/prts/lafitte-capital-llc |
U.S. Auto Parts Reports Fourth Quarter and Full Year 2016 Results
PR NewswireMarch 6, 2017
CARSON, Calif., March 6, 2017 /PRNewswire/ -- U.S. Auto Parts Network, Inc. (PRTS), one of the largest online providers of aftermarket automotive parts and accessories, reported results for the fourth quarter and fiscal year ended December 31, 2016. All information and data below excludes AutoMD unless specifically noted.
Fourth Quarter 2016 Highlights vs. Year-Ago Quarter
"2016 was highlighted by our renewed focus to drive profitability, which led to our first year of GAAP net income since 2010," said Shane Evangelist, CEO of U.S. Auto Parts. "We also ended the year with no revolver debt for the first time since 2011. These accomplishments were driven by our emphasis on higher-margin private label sales, which continue to grow at a double-digit rate. In fact, the fourth quarter revenue mix of private label sales hit an all-time high at 68%. During the quarter, we also enacted a stock repurchase program, which we believe was a wise utilization of our cash flow.
"In 2017, we plan to continue executing on our profitability initiatives to remain revolver debt free. We also plan to continue growing private label sales by double-digits and generating strong free cash flow."
Fourth Quarter 2016 Financial Results
Net sales in the fourth quarter of 2016 increased 5% to $71.1 million compared to $67.5 million in the year-ago quarter. The increase was largely driven by a 23% increase in online marketplace sales to $19.5 million.
Gross profit in the fourth quarter of 2016 increased 7% to $21.4 million compared to $20.0 million in the year-ago quarter. As a percentage of net sales, gross profit increased 50 basis points to 30.1% compared to 29.6%. The increase in gross profit margin was primarily driven by a higher mix of private label sales, which was 68% of net sales compared to 63% in the year-ago quarter. The increase was also driven by freight and warehouse supplies savings.
Total operating expenses in the fourth quarter increased 8% to $21.3 million compared to $19.7 million in the year-ago quarter. As a percentage of net sales, operating expenses increased to 29.9% compared to 29.2% in the year-ago quarter.
Net loss in the fourth quarter was $195 thousand, or ($0.01) per share, compared to a net loss of $65 thousand, or $0.00 per share in the year-ago quarter.
Adjusted EBITDA in the fourth quarter of 2016 was $2.5 million, compared to $2.6 million in the same period of 2015.
At December 31, 2016, cash and cash equivalents totaled $2.7 million compared to $1.5 million at January 2, 2016. The Company also had no revolver debt at December 31, 2016 compared to $11.8 million at January 2, 2016.
Key Operating Metrics
Full Year Financial Results
Net sales in 2016 increased 4% to $303.3 million compared to $290.8 million in 2015.
Gross profit in 2016 increased 11% to $92.0 million compared to $83.2 million in 2015. As a percentage of net sales, gross profit increased 170 basis points to 30.3% compared to 28.6%.
Total operating expenses in 2016 increased to $87.8 million compared to $82.0 million in 2015. As a percentage of net sales, operating expenses were 28.9% compared to 28.2%.
Net income in 2016 increased significantly to $3.0 million, or $0.08 per share, compared to a net loss of $0.1 million, or ($0.01) per share in 2015.
Adjusted EBITDA in 2016 increased 40% to $14.0 million compared to $10.0 million in 2015. As a percentage of net sales, adjusted EBITDA increased 120 basis points to 4.6% compared to 3.4%.
2017 Outlook
U.S. Auto Parts continues to expect net sales to be up low to mid-single digits on a percentage basis compared to 2016, and net income to range between $4.8 million and $7.8 million, reflecting an increase of 50% to 150% from 2016. The company also expects adjusted EBITDA to range between $15.0 and $18.0 million, reflecting a 5% to 25% increase from the prior year.
Conference Call
U.S. Auto Parts will conduct a conference call today at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2016.
The company's CEO Shane Evangelist and CFO Neil Watanabe will host the conference call, followed by a question and answer period.
Date: Monday, March 6, 2017
Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)
Toll-free dial-in number: 877-407-9039
International dial-in number: 201-689-8470
Conference ID: 13652459
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Liolios at 1-949-574-3860.
The conference call will be broadcast live and available for replay via the investor relations section of the company's website at www.usautoparts.net.
A telephone replay of the conference call will also be available on the same day through March 20, 2017.
Toll-free replay number: 844-512-2921
PR NewswireMarch 6, 2017
CARSON, Calif., March 6, 2017 /PRNewswire/ -- U.S. Auto Parts Network, Inc. (PRTS), one of the largest online providers of aftermarket automotive parts and accessories, reported results for the fourth quarter and fiscal year ended December 31, 2016. All information and data below excludes AutoMD unless specifically noted.
Fourth Quarter 2016 Highlights vs. Year-Ago Quarter
- Net sales up 5% to $71.1 million
- Gross profit up 7% to $21.4 million, with gross margin up 50 basis points to 30.1%
- Ended the quarter with no revolver debt compared to $11.8 million at January 2, 2016
- Total online orders increased by 14% to 840,000 orders
- Conversion rate increased by 10 basis points to 1.9% versus year-ago quarter
- Net sales up 4% to $303.3 million
- Gross profit up 11% to $92.0 million, with gross margin up 170 basis points to 30.3%
- Net income increased significantly to $3.0 million or $0.08 per share, compared to a net loss of $0.1 million or ($0.01) per share
- Adjusted EBITDA increased 40% to $14.0 million
- Total online orders increased by 10% to 3,426,000 orders
"2016 was highlighted by our renewed focus to drive profitability, which led to our first year of GAAP net income since 2010," said Shane Evangelist, CEO of U.S. Auto Parts. "We also ended the year with no revolver debt for the first time since 2011. These accomplishments were driven by our emphasis on higher-margin private label sales, which continue to grow at a double-digit rate. In fact, the fourth quarter revenue mix of private label sales hit an all-time high at 68%. During the quarter, we also enacted a stock repurchase program, which we believe was a wise utilization of our cash flow.
"In 2017, we plan to continue executing on our profitability initiatives to remain revolver debt free. We also plan to continue growing private label sales by double-digits and generating strong free cash flow."
Fourth Quarter 2016 Financial Results
Net sales in the fourth quarter of 2016 increased 5% to $71.1 million compared to $67.5 million in the year-ago quarter. The increase was largely driven by a 23% increase in online marketplace sales to $19.5 million.
Gross profit in the fourth quarter of 2016 increased 7% to $21.4 million compared to $20.0 million in the year-ago quarter. As a percentage of net sales, gross profit increased 50 basis points to 30.1% compared to 29.6%. The increase in gross profit margin was primarily driven by a higher mix of private label sales, which was 68% of net sales compared to 63% in the year-ago quarter. The increase was also driven by freight and warehouse supplies savings.
Total operating expenses in the fourth quarter increased 8% to $21.3 million compared to $19.7 million in the year-ago quarter. As a percentage of net sales, operating expenses increased to 29.9% compared to 29.2% in the year-ago quarter.
Net loss in the fourth quarter was $195 thousand, or ($0.01) per share, compared to a net loss of $65 thousand, or $0.00 per share in the year-ago quarter.
Adjusted EBITDA in the fourth quarter of 2016 was $2.5 million, compared to $2.6 million in the same period of 2015.
At December 31, 2016, cash and cash equivalents totaled $2.7 million compared to $1.5 million at January 2, 2016. The Company also had no revolver debt at December 31, 2016 compared to $11.8 million at January 2, 2016.
Key Operating Metrics
| Q4 2016 | Q4 2015 | Q3 2016 | |||||||||
| Conversion Rate [SUP]1[/SUP] | 1.87 | % | 1.78 | % | 1.89 | % | |||||
| Customer Acquisition Cost [SUP]1[/SUP] | $ | 7.64 | $ | 7.95 | $ | 7.61 | |||||
| Unique Visitors (millions) [SUP]1[/SUP] | 27.9 | 27.6 | 28.4 | ||||||||
| Number of Orders - E-commerce only (thousands) | 521 | 492 | 537 | ||||||||
| Number of Orders - Online Marketplace (thousands) | 319 | 246 | 309 | ||||||||
| Total Number of Internet Orders (thousands) | 840 | 738 | 846 | ||||||||
| Revenue Capture (% Sales) [SUP]2[/SUP] | 85.2 | % | 85.8 | % | 84.7 | % | |||||
| Average Order Value - E-commerce only | $ | 99 | $ | 106 | $ | 103 | |||||
| Average Order Value - Online Marketplace | $ | 66 | $ | 71 | $ | 68 | |||||
| Average Order Value - Total Internet Orders | $ | 86 | $ | 94 | $ | 90 |
| 1. | Excludes online marketplaces and media properties (e.g. AutoMD). |
| 2. | Revenue capture is the amount of actual dollars retained after taking into consideration returns, credit card declines and product fulfillment and excludes online marketplaces and media properties (e.g. AutoMD). |
Full Year Financial Results
Net sales in 2016 increased 4% to $303.3 million compared to $290.8 million in 2015.
Gross profit in 2016 increased 11% to $92.0 million compared to $83.2 million in 2015. As a percentage of net sales, gross profit increased 170 basis points to 30.3% compared to 28.6%.
Total operating expenses in 2016 increased to $87.8 million compared to $82.0 million in 2015. As a percentage of net sales, operating expenses were 28.9% compared to 28.2%.
Net income in 2016 increased significantly to $3.0 million, or $0.08 per share, compared to a net loss of $0.1 million, or ($0.01) per share in 2015.
Adjusted EBITDA in 2016 increased 40% to $14.0 million compared to $10.0 million in 2015. As a percentage of net sales, adjusted EBITDA increased 120 basis points to 4.6% compared to 3.4%.
2017 Outlook
U.S. Auto Parts continues to expect net sales to be up low to mid-single digits on a percentage basis compared to 2016, and net income to range between $4.8 million and $7.8 million, reflecting an increase of 50% to 150% from 2016. The company also expects adjusted EBITDA to range between $15.0 and $18.0 million, reflecting a 5% to 25% increase from the prior year.
Conference Call
U.S. Auto Parts will conduct a conference call today at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2016.
The company's CEO Shane Evangelist and CFO Neil Watanabe will host the conference call, followed by a question and answer period.
Date: Monday, March 6, 2017
Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)
Toll-free dial-in number: 877-407-9039
International dial-in number: 201-689-8470
Conference ID: 13652459
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Liolios at 1-949-574-3860.
The conference call will be broadcast live and available for replay via the investor relations section of the company's website at www.usautoparts.net.
A telephone replay of the conference call will also be available on the same day through March 20, 2017.
Toll-free replay number: 844-512-2921
Good report as company continues to execute. No debt, improving margins, sales volume should continue to improve , and buyback ongoing
Who will buy them ad when? Still long
U.S. Auto Parts Network's (PRTS) CEO Shane Evangelist on Q4 2016 Results - Earnings Call Transcript $PRTS
http://www.seekingalpha.com/article/4052497
Who will buy them ad when? Still long
U.S. Auto Parts Network's (PRTS) CEO Shane Evangelist on Q4 2016 Results - Earnings Call Transcript $PRTS
http://www.seekingalpha.com/article/4052497
How brave of them.
Earnings tomorrow as we break up from the 2.5 week high base pattern formed
.S. Auto Parts Network, Inc. (PRTS) Upgraded to “Hold” at Zacks Investment Research Posted by Don Majors on May 9th, 2017 // No Comments
Zacks Investment Research upgraded shares of U.S. Auto Parts Network, Inc. (NASDAQ
RTS) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.
According to Zacks, “US AUTO PARTS NETWORK, INC., is a leading online provider of automotive aftermarket parts, including body parts, engine parts, performance parts and accessories. Through the Company’s network of websites, U.S. Auto Parts provides individual consumers with a broad selection of competitively priced products that are mapped by a proprietary product database to product applications based on vehicle makes, models and years. “
Separately, Roth Capital set a $4.00 target price on shares of U.S. Auto Parts Network and gave the stock a buy rating in a research note on Thursday, March 2nd.
Shares of U.S. Auto Parts Network (NASDAQRTS) opened at 3.61 on Wednesday. The stock’s 50 day moving average is $3.46 and its 200 day moving average is $3.29. The stock has a market capitalization of $124.75 million, a PE ratio of 361.00 and a beta of 1.04. U.S. Auto Parts Network has a 12 month low of $2.40 and a 12 month high of $4.49.
U.S. Auto Parts Network (NASDAQRTS) last issued its earnings results on Monday, March 6th. The specialty retailer reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. U.S. Auto Parts Network had a return on equity of 6.76% and a net margin of 0.54%. The firm had revenue of $71.20 million for the quarter, compared to analysts’ expectations of $70.97 million. During the same period last year, the firm earned ($0.02) earnings per share. U.S. Auto Parts Network’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts anticipate that U.S. Auto Parts Network will post $0.10 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This news story was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://sportsperspectives.com/2017...ded-to-hold-at-zacks-investment-research.html.
Institutional investors have recently modified their holdings of the company. TFS Capital LLC increased its position in shares of U.S. Auto Parts Network by 169.9% in the first quarter. TFS Capital LLC now owns 48,172 shares of the specialty retailer’s stock worth $161,000 after buying an additional 30,324 shares during the period. Acadian Asset Management LLC increased its position in shares of U.S. Auto Parts Network by 2.6% in the first quarter. Acadian Asset Management LLC now owns 481,967 shares of the specialty retailer’s stock worth $1,616,000 after buying an additional 12,231 shares during the period. Thomson Horstmann & Bryant Inc. increased its position in shares of U.S. Auto Parts Network by 389.7% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 865,690 shares of the specialty retailer’s stock worth $2,900,000 after buying an additional 688,920 shares during the period. Perritt Capital Management Inc. increased its position in shares of U.S. Auto Parts Network by 2.4% in the fourth quarter. Perritt Capital Management Inc. now owns 368,550 shares of the specialty retailer’s stock worth $1,297,000 after buying an additional 8,550 shares during the period. Finally, GSA Capital Partners LLP increased its position in shares of U.S. Auto Parts Network by 26.8% in the fourth quarter. GSA Capital Partners LLP now owns 203,022 shares of the specialty retailer’s stock worth $715,000 after buying an additional 42,961 shares during the period. 63.16% of the stock is currently owned by institutional investors.
U.S. Auto Parts Network Company Profile
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 tomorrow as we break up from the 2.5 week high base pattern formed
.S. Auto Parts Network, Inc. (PRTS) Upgraded to “Hold” at Zacks Investment Research Posted by Don Majors on May 9th, 2017 // No Comments
Zacks Investment Research upgraded shares of U.S. Auto Parts Network, Inc. (NASDAQRTS) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning. According to Zacks, “US AUTO PARTS NETWORK, INC., is a leading online provider of automotive aftermarket parts, including body parts, engine parts, performance parts and accessories. Through the Company’s network of websites, U.S. Auto Parts provides individual consumers with a broad selection of competitively priced products that are mapped by a proprietary product database to product applications based on vehicle makes, models and years. “
Separately, Roth Capital set a $4.00 target price on shares of U.S. Auto Parts Network and gave the stock a buy rating in a research note on Thursday, March 2nd.
Shares of U.S. Auto Parts Network (NASDAQ
RTS) opened at 3.61 on Wednesday. The stock’s 50 day moving average is $3.46 and its 200 day moving average is $3.29. The stock has a market capitalization of $124.75 million, a PE ratio of 361.00 and a beta of 1.04. U.S. Auto Parts Network has a 12 month low of $2.40 and a 12 month high of $4.49. U.S. Auto Parts Network (NASDAQ
RTS) last issued its earnings results on Monday, March 6th. The specialty retailer reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. U.S. Auto Parts Network had a return on equity of 6.76% and a net margin of 0.54%. The firm had revenue of $71.20 million for the quarter, compared to analysts’ expectations of $70.97 million. During the same period last year, the firm earned ($0.02) earnings per share. U.S. Auto Parts Network’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts anticipate that U.S. Auto Parts Network will post $0.10 earnings per share for the current fiscal year. TRADEMARK VIOLATION NOTICE: This news story was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://sportsperspectives.com/2017...ded-to-hold-at-zacks-investment-research.html.
Institutional investors have recently modified their holdings of the company. TFS Capital LLC increased its position in shares of U.S. Auto Parts Network by 169.9% in the first quarter. TFS Capital LLC now owns 48,172 shares of the specialty retailer’s stock worth $161,000 after buying an additional 30,324 shares during the period. Acadian Asset Management LLC increased its position in shares of U.S. Auto Parts Network by 2.6% in the first quarter. Acadian Asset Management LLC now owns 481,967 shares of the specialty retailer’s stock worth $1,616,000 after buying an additional 12,231 shares during the period. Thomson Horstmann & Bryant Inc. increased its position in shares of U.S. Auto Parts Network by 389.7% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 865,690 shares of the specialty retailer’s stock worth $2,900,000 after buying an additional 688,920 shares during the period. Perritt Capital Management Inc. increased its position in shares of U.S. Auto Parts Network by 2.4% in the fourth quarter. Perritt Capital Management Inc. now owns 368,550 shares of the specialty retailer’s stock worth $1,297,000 after buying an additional 8,550 shares during the period. Finally, GSA Capital Partners LLP increased its position in shares of U.S. Auto Parts Network by 26.8% in the fourth quarter. GSA Capital Partners LLP now owns 203,022 shares of the specialty retailer’s stock worth $715,000 after buying an additional 42,961 shares during the period. 63.16% of the stock is currently owned by institutional investors.
U.S. Auto Parts Network Company Profile
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.
Run up in the stock is because they are putting themselves up for sale, not this qtr in my opinion
U.S. Auto Parts posts 1Q profit
Associated PressMay 10, 2017
CARSON, Calif. (AP) _ U.S. Auto Parts Network Inc. (PRTS) on Wednesday reported first-quarter earnings of $257,000.
On a per-share basis, the Carson, California-based company said it had net income of 1 cent. Earnings, adjusted to account for discontinued operations, came to 2 cents per share.
The online auto parts retailer posted revenue of $80.8 million in the period.
In the final minutes of trading on Wednesday, the company's shares hit $4.09. A year ago, they were trading at $3.17. https://seekingalpha.com/article/40...-results-earnings-call-transcript?part=single
U.S. Auto Parts posts 1Q profit
Associated PressMay 10, 2017
CARSON, Calif. (AP) _ U.S. Auto Parts Network Inc. (PRTS) on Wednesday reported first-quarter earnings of $257,000.
On a per-share basis, the Carson, California-based company said it had net income of 1 cent. Earnings, adjusted to account for discontinued operations, came to 2 cents per share.
The online auto parts retailer posted revenue of $80.8 million in the period.
In the final minutes of trading on Wednesday, the company's shares hit $4.09. A year ago, they were trading at $3.17. https://seekingalpha.com/article/40...-results-earnings-call-transcript?part=single
5/11/17, 2:54 PM
U.S. Auto Parts Network given $5.00 PT by Roth Capital. buy rating. http://www.marketbeat.com/r/818228 $PRTS
U.S. Auto Parts Network given $5.00 PT by Roth Capital. buy rating. http://www.marketbeat.com/r/818228 $PRTS
