No question about it . Clean balance sheet, no debt , low valuation, growth industry, activist investor involved,
stay tuned 6-8 bucks my guess
Remember this from 2015
Estimates Private Market Value at $4.00 - $6.00 Per Share
LOS ANGELES, May 5, 2015 (GLOBE NEWSWIRE) -- Mehran Nia, the Co-Founder and former Chief Executive Officer at U.S. Auto Parts Network, Inc. ("US Auto Parts" or the "Company"), announced today that he has delivered a letter to the Company's Board of Directors (the "Board"). The letter notes that despite the Company's leading competitive position, its double-digit year-over-year revenue growth, and independent third-party projections indicating the industry will double within five years. Mr. Nia believes US Auto Parts will continue to remain significantly undervalued as a stand-alone publicly-traded enterprise.
To remedy the Company's undervaluation, Mr. Nia strongly recommends the Board retain a nationally recognized investment banking advisor to explore strategic alternatives to maximize shareholder value, including a potential sale. Based on discussions with potential strategic and financial buyers, Mr. Nia believes there are likely a number of parties who would be interested in acquiring US Auto Parts at a significant premium to its recent trading valuation.
Drawing on industry M&A valuation multiples and discussions Mr. Nia has had with industry specialists, Mr. Nia believes the private market value of US Auto Parts in a sale transaction would be $4.00 - $6.00 per share.
[FONT=wf_segoe-ui_normal]Genuine Parts Company Enters Definitive Agreement To Acquire Europe's Alliance Automotive Group [/FONT]thestreet.com/story/14317601…
[FONT=wf_segoe-ui_normal]GPC paid approx=> 1x Sales[/FONT]
[FONT=wf_segoe-ui_normal]Good Valuation comp for => [/FONT]$PRTS
[FONT=wf_segoe-ui_normal]Largest pure "e-Com" Parts Retailer[/FONT]
[FONT=wf_segoe-ui_normal]Sells at 0.33x Sales[/FONT]
goo.gl/GDjjgp
[FONT=wf_segoe-ui_normal]GPC paid approx=> 1x Sales[/FONT]
[FONT=wf_segoe-ui_normal]Good Valuation comp for => [/FONT]$PRTS
[FONT=wf_segoe-ui_normal]Largest pure "e-Com" Parts Retailer[/FONT]
[FONT=wf_segoe-ui_normal]Sells at 0.33x Sales[/FONT]
goo.gl/GDjjgp
shana:
US AUTO PARTS - (PRTS) @ $2.75 ==> General Parts (NYSE: GPC) -Pays- 1.2x Times Sales -for- Alliance Auto Group / (European Co.) ..... Expected to be "Very Accretive"; GENUINE PARTS COMPANY (NYSE:GPC) announced this morning ... They are buying "Alliance Auto Group" for => $2 Billion / ($USD) "Alliance Auto Group" is the 2nd largest Auto Parts Distributor in Europe As announced ... "GPC" is paying ==> 1.18x Times / Sales ... For "Alliance Auto Group" By Comparison to ==> US AUTOPARTS US AUTOPARTS has reported $305 million in Sales... In the past 12 month period Applying the 1.18x times / Sales multiple .. That which "GPC" just paid for Alliance Auto US AUTOPARTS shares would be worth ==> $9.00+ / Per Share Which is "Price Disparity" of approximately => +225.00% REFERENCE LINK: https://goo.gl/JMDc6iGENUINE PARTS COMPANY (NYSE:GPC) ENTERS DEFINITIVE AGREEMENT TO ACQUIRE: EUROPE’S - ALLIANCE AUTOMOTIVE GROUP Positions Company as a Leading Automotive Parts Distributor into Key European Markets - Revenues of $1.7 Billion - ($USD) - To Deliver Significant Sales Growth and Earnings Accretion and Strong Platform for Sustainable Automotive Parts Expansion AAG is reported to be "The 2nd Largest" auto parts distribution company in Europe AAG reports 1,800 company owned stores and affiliated outlets across 3 markets: France, U.K. and Germany AAG management reports expectations of => $1.7 Billion of Revenue on a (U.S.) - GAAP basis in 2017
GPC intends to finance the transaction, including the pay off of AAG’s existing debt arrangements, with approximately => $2 Billion in Debt Financing J.P. Morgan is acting as the financial advisor to Genuine Parts Company - (GPC) BELOW... TERMS of the DEAL => REFERENCE LINK: https://goo.gl/S7EL8q
Could Mario arrange a deal????
Gabelli & Company’s 41st Annual Automotive Aftermarket Symposium
Business WireSeptember 27, 2017
RYE, N.Y.--(BUSINESS WIRE)--
Gabelli & Company will host its 41[SUP]st[/SUP] Annual Automotive Aftermarket Symposium on October 30 and October 31 in Las Vegas, Nevada. This conference showcases a full spectrum of leading automotive companies, including aftermarket parts retailers, original equipment & aftermarket parts suppliers, publicly traded dealership groups, and medium & heavy duty truck manufacturers. Presentations, fireside chats, and one-on-one meetings will be held from 12:00 p.m. PST on Monday, October 30 through 5:00 p.m. PST on Tuesday, October 31. The event occurs in conjunction with the AAPEX & SEMA industry trade shows. Investors should contact their salesperson for more information or to register.
© 2017 G. research, LLC - All rights reserved.
G.research, LLC, an institutional research and brokerage firm, is a subsidiary of Associated Capital Group, Inc. (AC). Gabelli & Company is the marketing name for the registered broker dealer G.research, LLC. G.research, LLC, One Corporate Center Rye, NY 10580. Member of FINRA and SIPC.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170927005238/
Gabelli & Company’s 41st Annual Automotive Aftermarket Symposium
Business WireSeptember 27, 2017
RYE, N.Y.--(BUSINESS WIRE)--
Gabelli & Company will host its 41[SUP]st[/SUP] Annual Automotive Aftermarket Symposium on October 30 and October 31 in Las Vegas, Nevada. This conference showcases a full spectrum of leading automotive companies, including aftermarket parts retailers, original equipment & aftermarket parts suppliers, publicly traded dealership groups, and medium & heavy duty truck manufacturers. Presentations, fireside chats, and one-on-one meetings will be held from 12:00 p.m. PST on Monday, October 30 through 5:00 p.m. PST on Tuesday, October 31. The event occurs in conjunction with the AAPEX & SEMA industry trade shows. Investors should contact their salesperson for more information or to register.
| 2017 Participants | ||||
| Autoliv Inc. | NYSE – ALV | |||
| AutoZone, Inc. | NYSE – AZO | |||
| Boyd Group Income Fund | TSE- BYD.UN | |||
| Cooper Tire & Rubber Company | NYSE – CTB | |||
| Dana Incorporated | NYSE - DAN | |||
| Donaldson Company, Inc. | NYSE – DCI | |||
| Genuine Parts Company | NYSE - GPC | |||
| Lear Corporation | NYSE – LEA | |||
| Monro Muffler Brake, Inc. | NASDAQ - MNRO | |||
| Motorcar Parts of America, Inc. | NASDAQ - MPAA | |||
| Myers Industries, Inc. | NYSE- MYE | |||
| Navistar International Corp. | NYSE - NAV | |||
| O’Reilly Automotive, Inc. | NASDAQ - ORLY | |||
| Penske Automotive Group, Inc. | NYSE - PAG | |||
| Rush Enterprises, Inc. | NASDAQ - RUSHA | |||
| Standard Motor Products, Inc. | NYSE - SMP | |||
| Stoneridge, Inc. | NYSE - SRI | |||
| Superior Industries International Inc. | NYSE - SUP | |||
| Tenneco, Inc. | NYSE - TEN | |||
| U.S. Auto Parts Network, Inc. | NASDAQ - PRTS | |||
| Momentum Dynamics | PRIVATE | |||
| Truck Hero, Inc. | PRIVATE | |||
| Motor & Equipment Manufacturing Association | ||||
| Automotive Aftermarket Suppliers Association | ||||
© 2017 G. research, LLC - All rights reserved.
G.research, LLC, an institutional research and brokerage firm, is a subsidiary of Associated Capital Group, Inc. (AC). Gabelli & Company is the marketing name for the registered broker dealer G.research, LLC. G.research, LLC, One Corporate Center Rye, NY 10580. Member of FINRA and SIPC.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170927005238/
Presentation from PRTS whose prices are 20% below online peers, 40% below B&M peers (slide 5):c.eqcdn.com/_daac0c264aaecc... http://c.eqcdn.com/_daac0c264aaeccd.../pdf/PRTS+Investor+Presentation+-+Q1+2017.pdf
US Auto Parts Network, Inc. (PRTS) stock price bargained at $2.69 with change ... - The Market is Open; https://themarketisopen.com/posts/u...rts-stock-price-bargained-at-2-69-with-change
US Auto Parts Network, Inc. (PRTS) stock price bargained at $2.69 with change ... - The Market is Open; https://themarketisopen.com/posts/u...rts-stock-price-bargained-at-2-69-with-change
Weak group, still dealing with a few shares in weak hands from the hedge fund.
Earnings 10/30 , and also
Gabelli & Company’s 41st Annual Automotive Aftermarket Symposium
https://finance.yahoo.com/news/repeat-gabelli-company-41st-annual-110000593.html
We will all wake up one day with this company being acquired for 6-8 bucks
Earnings 10/30 , and also
Gabelli & Company’s 41st Annual Automotive Aftermarket Symposium
https://finance.yahoo.com/news/repeat-gabelli-company-41st-annual-110000593.html
We will all wake up one day with this company being acquired for 6-8 bucks
[FONT="][h=1]U.S. Auto Parts Reports Third Quarter 2017 Results[/h][/FONT]
[FONT="]
PR NewswireOctober 30, 2017
Comment
[/FONT]
[FONT="]CARSON, Calif., Oct. 30, 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 third quarter ended September 30, 2017. All information and data are from continuing operations, which exclude the AutoMD operating segment unless specifically noted.
Third Quarter 2017 Financial Summary vs. Year-Ago Quarter
"The third quarter was underscored by our continued commitment to profitability, as reflected by the 14% increase in adjusted EBITDA despite modest revenue growth," said Aaron Coleman, CEO of U.S. Auto Parts.
"Similar to last quarter, our lower-margin online marketplace channel has continued to outpace our e-commerce channel. We are addressing this channel dynamic by making the necessary investments to improve our e-commerce product landing pages, product discovery, checkout, mobile conversion and site speed, as well as optimizing the post-purchase consumer experience. As we look ahead to 2018, we will continue to focus on prudent cost management at the operating level, and expect the results of our e-commerce initiatives to further improve conversion, which can enable us to accelerate traffic acquisition going forward."
Third Quarter 2017 Financial Results
Net sales in the third quarter of 2017 increased to $73.8 million compared to $73.5 million in the year-ago quarter. The increase was largely driven by a 41% increase in online marketplace sales to $26.8 million, partially offset by a 17% decrease in e-commerce sales.
Gross profit in the third quarter of 2017 was $21.9 million compared to $22.4 million in the year-ago quarter. As a percentage of net sales, gross profit was 29.6% compared to 30.5% . The anticipated decrease in gross margin was primarily driven by lower-margin channel mix and higher freight costs. The company continues to expect gross margin to range between 29-30% going forward.
Total operating expenses in the third quarter were reduced to $20.5 million compared to $21.7 million in the third quarter of last year. As a percentage of net sales, operating expenses decreased 180 basis points to 27.8% compared to 29.6% in the year ago quarter as a result of lower call center and marketing expenses.
Net income in the third quarter increased to $0.9 million, or $0.02 per diluted share, compared to $0.4 million or $0.01 per diluted share in the year-ago period.
Adjusted EBITDA in the third quarter of 2017 increased 14% to $3.6 million compared to $3.1 million in the year-ago quarter, driven by the aforementioned increase in online marketplace sales and prudent cost management.
At September 30, 2017, cash and cash equivalents totaled $6.7 million compared to $2.7 million at December 31, 2016. The company also continued to carry no revolver debt at September 30, 2017.
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.The company also continues to expect net income to range between $27.0 million and $29.0 million, with adjusted EBITDA ranging between $13.0 million and $15.0 million.
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 third quarter ended September 30, 2017.
The Company's CEO Aaron Coleman and CFO Neil Watanabe will host the conference call, followed by a question and answer period.
Date: Monday, October 30, 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: 13669541
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.
https://finance.yahoo.com/news/u-auto-parts-reports-third-200100722.html
[/COLOR]
[/FONT][/COLOR]
[FONT="]
PR NewswireOctober 30, 2017
Comment
[/FONT]
[FONT="]CARSON, Calif., Oct. 30, 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 third quarter ended September 30, 2017. All information and data are from continuing operations, which exclude the AutoMD operating segment unless specifically noted.
Third Quarter 2017 Financial Summary vs. Year-Ago Quarter
- Net sales increased to $73.8 million compared to $73.5 million.
- Gross margin was 29.6% compared to 30.5%.
- Net income increased to $0.9 million, or $0.02 per diluted share, compared to $0.4 million or $0.01 per diluted share.
- Adjusted EBITDA (a non-GAAP measure defined below) increased 14% to $3.6 millioncompared to $3.1 million.
- Ended the quarter with no revolver debt.
- Total online orders increased by 8% to 915,000 orders.
- Conversion rate increased 10 basis points to 2.0%.
- Customer acquisition cost reduced by 9% to $6.95.
"The third quarter was underscored by our continued commitment to profitability, as reflected by the 14% increase in adjusted EBITDA despite modest revenue growth," said Aaron Coleman, CEO of U.S. Auto Parts.
"Similar to last quarter, our lower-margin online marketplace channel has continued to outpace our e-commerce channel. We are addressing this channel dynamic by making the necessary investments to improve our e-commerce product landing pages, product discovery, checkout, mobile conversion and site speed, as well as optimizing the post-purchase consumer experience. As we look ahead to 2018, we will continue to focus on prudent cost management at the operating level, and expect the results of our e-commerce initiatives to further improve conversion, which can enable us to accelerate traffic acquisition going forward."
Third Quarter 2017 Financial Results
Net sales in the third quarter of 2017 increased to $73.8 million compared to $73.5 million in the year-ago quarter. The increase was largely driven by a 41% increase in online marketplace sales to $26.8 million, partially offset by a 17% decrease in e-commerce sales.
Gross profit in the third quarter of 2017 was $21.9 million compared to $22.4 million in the year-ago quarter. As a percentage of net sales, gross profit was 29.6% compared to 30.5% . The anticipated decrease in gross margin was primarily driven by lower-margin channel mix and higher freight costs. The company continues to expect gross margin to range between 29-30% going forward.
Total operating expenses in the third quarter were reduced to $20.5 million compared to $21.7 million in the third quarter of last year. As a percentage of net sales, operating expenses decreased 180 basis points to 27.8% compared to 29.6% in the year ago quarter as a result of lower call center and marketing expenses.
Net income in the third quarter increased to $0.9 million, or $0.02 per diluted share, compared to $0.4 million or $0.01 per diluted share in the year-ago period.
Adjusted EBITDA in the third quarter of 2017 increased 14% to $3.6 million compared to $3.1 million in the year-ago quarter, driven by the aforementioned increase in online marketplace sales and prudent cost management.
At September 30, 2017, cash and cash equivalents totaled $6.7 million compared to $2.7 million at December 31, 2016. The company also continued to carry no revolver debt at September 30, 2017.
| [COLOR=black !important]Key Operating Metrics |
| [COLOR=black !important]Q3 2017 |
| [COLOR=black !important]Q3 2016[/COLOR] | [COLOR=black !important]Q2 2017[/COLOR] | ||||||||||
| [COLOR=black !important]Conversion Rate 1[/COLOR] | [COLOR=black !important]2.0[/COLOR] | [COLOR=black !important]%[/COLOR] | [COLOR=black !important]1.9[/COLOR] | [COLOR=black !important]%[/COLOR] | [COLOR=black !important]2.0[/COLOR] | [COLOR=black !important]%[/COLOR] | |||||
| [COLOR=black !important]Customer Acquisition Cost 1[/COLOR] | [COLOR=black !important]$[/COLOR] | [COLOR=black !important]6.95[/COLOR] | [COLOR=black !important]$[/COLOR] | [COLOR=black !important]7.61[/COLOR] | [COLOR=black !important]$[/COLOR] | [COLOR=black !important]6.99[/COLOR] | |||||
| [COLOR=black !important]Unique Visitors (millions) 1[/COLOR] | [COLOR=black !important]23.1[/COLOR] | [COLOR=black !important]28.4[/COLOR] | [COLOR=black !important]24.7[/COLOR] | ||||||||
| [COLOR=black !important]Number of Orders - E-commerce only (thousands)[/COLOR] | [COLOR=black !important]460[/COLOR] | [COLOR=black !important]537[/COLOR] | [COLOR=black !important]494[/COLOR] | ||||||||
| [COLOR=black !important]Number of Orders - Online Marketplace (thousands)[/COLOR] | [COLOR=black !important]455[/COLOR] | [COLOR=black !important]309[/COLOR] | [COLOR=black !important]460[/COLOR] | ||||||||
| [COLOR=black !important]Total Number of Internet Orders (thousands)[/COLOR] | [COLOR=black !important]915[/COLOR] | [COLOR=black !important]846[/COLOR] | [COLOR=black !important]954[/COLOR] | ||||||||
| [COLOR=black !important]Revenue Capture (% Sales) 2[/COLOR] | [COLOR=black !important]85.6[/COLOR] | [COLOR=black !important]%[/COLOR] | [COLOR=black !important]84.7[/COLOR] | [COLOR=black !important]%[/COLOR] | [COLOR=black !important]85.3[/COLOR] | [COLOR=black !important]%[/COLOR] | |||||
| [COLOR=black !important]Average Order Value - E-commerce only[/COLOR] | [COLOR=black !important]$[/COLOR] | [COLOR=black !important]99[/COLOR] | [COLOR=black !important]$[/COLOR] | [COLOR=black !important]103[/COLOR] | [COLOR=black !important]$[/COLOR] | [COLOR=black !important]103[/COLOR] | |||||
| [COLOR=black !important]Average Order Value - Online Marketplace[/COLOR] | [COLOR=black !important]$[/COLOR] | [COLOR=black !important]64[/COLOR] | [COLOR=black !important]$[/COLOR] | [COLOR=black !important]68[/COLOR] | [COLOR=black !important]$[/COLOR] | [COLOR=black !important]67[/COLOR] | |||||
| [COLOR=black !important]Average Order Value - Total Internet Orders[/COLOR] | [COLOR=black !important]$[/COLOR] | [COLOR=black !important]82[/COLOR] | [COLOR=black !important]$[/COLOR] | [COLOR=black !important]90[/COLOR] | [COLOR=black !important]$[/COLOR] | [COLOR=black !important]85[/COLOR] | |||||
| [COLOR=black !important]1. Excludes online marketplaces and media properties (e.g. AutoMD).[/COLOR] |
| [COLOR=black !important]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).[/COLOR] |
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.The company also continues to expect net income to range between $27.0 million and $29.0 million, with adjusted EBITDA ranging between $13.0 million and $15.0 million.
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 third quarter ended September 30, 2017.
The Company's CEO Aaron Coleman and CFO Neil Watanabe will host the conference call, followed by a question and answer period.
Date: Monday, October 30, 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: 13669541
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.
https://finance.yahoo.com/news/u-auto-parts-reports-third-200100722.html
[/COLOR]
[/FONT][/COLOR]
I'm sure few of you are still holding, but I added at 2.18 @ 2.11 @ more @ 2.09
Tax selling bringing in some cheap stock at the lows . Management meeting with some institutional money next week hear
https://www.youtube.com/watch?v=hJd1P2OzGzw
"Our first key take away is that Yes, a transition to e-commerce is occurring. The AASA estimates that e-tailing share is expected to grow to $14.9 billion in 2020 or to about 8% of the market. "
Tax selling bringing in some cheap stock at the lows . Management meeting with some institutional money next week hear
https://www.youtube.com/watch?v=hJd1P2OzGzw
"Our first key take away is that Yes, a transition to e-commerce is occurring. The AASA estimates that e-tailing share is expected to grow to $14.9 billion in 2020 or to about 8% of the market. "
| Calm Waters Partnership has filed a new 13G, reporting 5.9% ownership in $PRTS - https://fintel.io/i/calm-waters-partnership |
[h=1]U.S. Auto Parts Network (PRTS) Presents At Noble Financial Capital Markets 14th Annual Investor Conference - Slideshow[/h]
https://seekingalpha.com/article/4141818-u-s-auto-parts-network-prts-presents-noble-financial-capital-markets-14th-annual-investor?ifp=0
https://seekingalpha.com/article/4141818-u-s-auto-parts-network-prts-presents-noble-financial-capital-markets-14th-annual-investor?ifp=0
