U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) announced its quarterly earnings results on Monday, October 30th. The specialty retailer reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01, Briefing.com reports. U.S. Auto Parts Network had a net margin of 8.74% and a return on equity of 7.54%. The business had revenue of $73.81 million for the quarter, compared to analyst estimates of $75.57 million. During the same quarter in the prior year, the business earned $0.01 EPS. U.S. Auto Parts Network’s quarterly revenue was up .5% on a year-over-year basis.
U.S. Auto Parts Network (NASDAQ:PRTS) opened at $2.38 on Thursday. The stock has a market cap of $90.24, a price-to-earnings ratio of 50.80 and a beta of 1.38. U.S. Auto Parts Network has a 52 week low of $2.25 and a 52 week high of $4.13. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.25 and a current ratio of 1.29.
A number of analysts have recently weighed in on PRTS shares. Roth Capital set a $5.00 price target on shares of U.S. Auto Parts Network and gave the stock a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded shares of U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th.
A hedge fund recently raised its stake in U.S. Auto Parts Network stock. Vanguard Group Inc. lifted its position in shares of U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) by 8.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 540,646 shares of the specialty retailer’s stock after buying an additional 43,193 shares during the quarter. Vanguard Group Inc. owned about 1.57% of U.S. Auto Parts Network worth $1,746,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 59.63% of the company’s stock.
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.