Barrington Keeps Their Buy Rating on US Auto Parts Network (PRTS)

By Ryan Adsit

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 on Friday at $1.42.

According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -0.7% and a 37.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Liquidity Services, and Ritchie Bros.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for US Auto Parts Network with a $5 average price target.

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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 $919K.

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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.