PRTS | U.S. Auto Parts Network Gets “Buy” From Roth Capital

PRTS Stock, NASDAQ: PRTS, U.S. Auto Parts Network Inc., good penny stocks to buyIn the first of many big board penny stocks we will be covering as the summer months approach, U.S. Auto Parts Network, Inc. (NASDAQ: PRTS) is looking like a superb place to park some unneeded cash. PRTS stock, upgraded today to a “buy” by the Wall Street analysts at Roth Capital, is shedding some of its gains after filing their Q for the three months ended March 30 yesterday. With the approaching season for shade tree mechanics to be doing auto repairs, there couldn’t be a better time for this low-float big boarder to see a change in direction.

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Market Cap: 42.37M
Last: 1.36 ▼ -0.10 (-6.85%)
Volume: 886,201
Open: 1.62
High: 1.64
Low: 1.26
Authorized: 100,000,000
Issued and Outstanding: 33,209,442
1st Resistance Point: 1.77
1st Support Level: 1.27
2nd Support Level: 1.07

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Many of our followers from last summer know why many of these big board penny stocks we cover should be immediate additions to your long-play watchlists. Two superb examples from last year were Peregrine Pharmaceuticals, Inc. (NASDAQ: PPHM) which had a run worth over 1,200% and Quiksilver, Inc. (NYSE: ZQK) which is up 190% after setting a new 52 week high today.

U.S. Auto Parts Network just reported their Q1 yesterday and it looks like its going to be a strong summer for the after market parts supplier. Cash on hand increased from $ 1.03 million at the end of 2012 to nearly $1.30 million due mainly to a decrease in inventory.

Although total assets declined to $81.347 million from $88.877 million during the three months ended March 30, 2013, both current and total liabilities declined by roughly $10 million to $49.39 million and $51.52 million, respectively from $59.54 million and $61.23 million, respectively, at the end of 2012.

As President and CEO of U.S. Auto Parts Network, Shane Evangelist, pointed out in the Company’s earnings call, they are expected to have the 2 strongest Auto Parts e-commerce brands in the marketplace after consolidating certain websites operated by the parts supplier. A strong source of future revenues is expected to come from the Company’s marketing efforts for AutoMD.

With AutoMD already having launched AutoMD Insta-Quotes in 3 markets; Long Island, New York, Bakersfield, California; and Spokane, Washington; and plan to roll out to Phoenix and DC this quarter, U.S. Auto Parts Network should be well positioned to thrive in the do-it-for-me market.

With net sales of $304 million during the 12 months ended December 30, 2012 coming in lower by $23.1 million, 7%, compared to fiscal year 2011, and net sales for Q1, 2013 coming in $65.4 million versus $87.4 million for Q1, 2012, a decrease of 25.2%, PRTS stock is about as low as it’s gonna get and should be a great addition to the “buy in May and go away” list.

About PRTS Stock

U.S. Auto Parts Network, Inc., via their subsidiaries’ websites:, and, is a distributor of aftermarket auto parts and accessories focused on selling its products to individual consumers.

Click here to view the SEC filings for PRTS.
Click here to view the website for U.S. Auto Parts Network.

Last 5 Trading Sessions:

Date Last Change % Change Volume
05/07/13 1.46 +0.10 +7.35% 958,500
05/06/13 1.36 +0.10 +7.94% 53,600
05/03/13 1.26 +0.03 +2.44% 48,500
05/02/13 1.23 +0.01 +0.82% 52,300
05/01/13 1.22 -0.03 -2.40% 84,364


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Bottom Line:

PRTS is a great Nasdaq listed penny stock to add to the watch list, especially for those who can’t afford to be in front of a Level II screen each and every day while the BBQ grills are heating up. PRTS stock should be a wonderful addition for long traders and should see a strong boost when Q2 and Q3 earnings are reported.

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