In a report released today, Gary Prestopino from Barrington maintained a Buy rating on US Auto Parts Network (NASDAQ: PRTS), with a price target of $5. The company’s shares closed yesterday at $1.53.
Prestopino commented:
“We are initiating research coverage on PRTS with an OUTPERFORM investment rating for risk tolerant micro-cap investors.”
According to TipRanks.com, Prestopino is a 4-star analyst with an average return of 13.0% and a 60.9% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Liquidity Services, and Ritchie Bros.
US Auto Parts Network has an analyst consensus of Hold.
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Based on US Auto Parts Network’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $485K. In comparison, last year the company had a net profit of $26.92 million.
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U.S. Auto Parts Network, Inc. engages in the provision of automotive aftermarket parts and repair information through its online platforms. The firm’s flagship websites include www.autopartswarehouse.com, www.carparts.com, www.jcwhitney.com, www.automd.com, and www.usautoparts.net.
