U.S. Auto Parts Network (PRTS) Releases Earnings Results, Beats Expectations By $0.02 EPS

U.S. Auto Parts Network (PRTS) reported quarterly earnings results on Monday, Aug-8-2016. The company said it had a profit of $0.03 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.01. The company posted revenue of $78.10 million in the period, compared to analysts expectations of $78.76 million. The company’s revenue was up 2.1% compared to the same quarter last year.

U.S. Auto Parts Network opened for trading at $3.83 and hit $3.98 on the upside on Friday, eventually ending the session at $3.83, with a gain of 0.79% or 0.03 points. The heightened volatility saw the trading volume jump to 64,558 shares. Company has a market cap of $133 M.

In a different news, on Apr 14, 2016, Aaron Coleman (Chief Operating Officer) sold 5,820 shares at $3.00 per share price. According to the SEC, on May 18, 2015, Robert J Majteles (director) purchased 50,000 shares at $2.13 per share price.

U.S. Auto Parts Network Inc. (U.S. Auto Parts) is an online source for automotive aftermarket parts and repair information. The Company is an online provider of aftermarket auto parts including body parts hard parts and performance parts and accessories. Its Websites provide a range of stock keeping units (SKUs) with detailed product descriptions and photographs. The Company operates through two segments: Base USAP which is the core auto parts business and AutoMD an online automotive repair source. The Company offers a range of aftermarket auto parts. The Company classifies its products into three categories: body parts serving the collision repair segment hard parts to serve the replacement/wear parts market and performance parts and accessories. The Company sells its products through its network of Websites and online marketplaces including www.autopartswarehouse.com www.carparts.com www.jcwhitney.com and www.AutoMD.com. The Company has approximately 2100 repair shops.

U.S. Auto Parts Network

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