US Auto Parts Network Inc Stock Research

Market Summary

USD4.17-0.09

Market Closed

-2.11%

PRTS Alerts

Big fall in earnings (Y/Y)

PRTS Stock Price

PRTS RSI Chart

PRTS Valuation

Market Cap

232.4M

Price/Earnings (Trailing)

-116.03

Price/Sales (Trailing)

0.35

EV/EBITDA

12.38

Price/Free Cashflow

7.42

PRTS Price/Sales (Trailing)

PRTS Profitability

EBT Margin

-0.05%

Return on Equity

-0.86%

Return on Assets

-0.4%

Free Cashflow Yield

13.47%

PRTS Fundamentals

PRTS Revenue

Revenue (TTM)

671.0M

Revenue Y/Y

5.68%

Revenue Q/Q

13.57%

PRTS Earnings

Earnings (TTM)

-2.0M

Earnings Y/Y

-50.02%

Earnings Q/Q

116.89%

Price Action

52 Week Range

3.929.24

(Low)(High)

Last 30 days

-10.1%

Last 90 days

-31.9%

Trailing 12 Months

-46.0%

PRTS Financial Health

Current Ratio

1.91

PRTS Investor Care

Shares Dilution (1Y)

3.02%

Diluted EPS (TTM)

-0.04

Peers (Alternatives to US Auto Parts Network)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMZN	1.2T	524.9B	15.37%	5.66%	288.06	2.36	9.87%	-79.95%
EBAY	22.8B	9.8B	-6.05%	-10.25%	35.68	2.32	-4.32%	-94.50%
CHWY	14.3B	10.1B	-2.61%	11.40%	290.17	1.41	13.59%	166.69%
ETSY	10.0B	2.6B	-18.35%	0.41%	-14.12	3.79	11.15%	-663.50%
MID-CAP
W	3.8B	12.0B	17.03%	-30.96%	-2.84	0.31	-9.26%	-192.09%
SSTK	1.7B	844.0M	-29.52%	-20.80%	20.59	2.01	6.93%	-7.38%
SMALL-CAP
RVLV	1.7B	1.1B	-22.28%	-46.50%	28.36	1.51	10.20%	-49.78%
MGNI	1.6B	589.1M	26.81%	5.77%	-8.66	2.71	12.05%	-482.80%
SFIX	351.7M	1.8B	13.49%	-54.95%	-1.19	0.19	-16.43%	-882.41%
PRTS	232.4M	671.0M	-10.13%	-46.01%	-116.03	0.35	11.16%	63.67%
LE	224.8M	1.6B	-3.91%	-41.95%	-17.94	0.14	-4.96%	-137.55%
DLTH	181.0M	653.3M	-11.66%	-55.80%	78.56	0.28	-6.48%	-92.24%
GRPN	166.4M	567.4M	54.19%	-64.57%	-0.72	0.29	-33.77%	-434.84%
REAL	136.2M	598.7M	21.43%	-58.41%	-0.61	0.23	16.12%	6.73%

Financials for US Auto Parts Network

Income Statement (Last 12 Months)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	1.4%	671,043,000	661,604,000	645,336,000	622,375,000	603,691,000
Gross Profit	0.6%	232,279,000	230,890,000	226,672,000	217,857,000	209,271,000
Operating Expenses	1.4%	233,383,000	230,239,000	225,185,000	220,124,000	213,493,000
EBITDA	2.9%	14,725,000	14,310,000	9,630,000	6,464,000	-
EBITDA Margin	0.4%	0.02	0.02	0.02	0.01	-
Earnings Before Taxes	-301.9%	-1,282,000	-319,000	505,000	-3,216,000	-5,166,000
EBT Margin	-161.6%	0.00	0.00	-0.01	-0.01	-
Interest Expenses	4.6%	1,503,000	1,437,000	1,362,000	1,236,000	1,157,000
Net Income	-110.6%	-2,003,000	-951,000	243,000	-3,468,000	-5,514,000
Net Income Margin	-481.2%	0.00	0.00	-0.01	-0.01	-
Free Cahsflow	142.0%	2,783,000	-6,627,000	-16,487,000	-27,481,000	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	3.5%	247	238	260	267	267
Current Assets	6.4%	179	168	188	194	197
Cash Equivalents	162.7%	49.00	19.00	17.00	15.00	25.00
Inventory	-17.4%	112	136	155	163	158
Net PPE	0.5%	24.00	24.00	25.00	24.00	23.00
Liabilities	1.1%	130	128	148	159	164
Current Liabilities	3.9%	91.00	88.00	102	115	121
Shareholder's Equity	6.4%	117	110	112	108	103
Retained Earnings	0.6%	-179	-180	-174	-173	-177
Additional Paid-In Capital	2.0%	303	297	293	289	288
Shares Outstanding	-0.2%	55.00	55.00	55.00	54.00	53.00

Cashflow (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	179.0%	42,883	15,368	7,063	-2,510	-14,773
Share Based Compensation	-0.8%	11,203	11,296	12,194	9,139	12,332
Cashflow From Investing	8.1%	-11,502	-12,517	-13,646	-13,906	-12,681
Cashflow From Financing	-226.5%	-7,030	-2,153	3,049	-1,489	6,597

Risks for PRTS

What is the probability of a big loss on PRTS?

93.8%

Probability that US Auto Parts Network stock will be more than 20% underwater in next one year

91.2%

Probability that US Auto Parts Network stock will be more than 30% underwater in next one year.

74.6%

Probability that US Auto Parts Network stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does PRTS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if US Auto Parts Network was unfortunately bought at previous high price.

Drawdowns

Returns for PRTS

Cumulative Returns on PRTS

13.1%

10-Year Cumulative Returns

1.4%

7-Year Cumulative Returns

20.0%

5-Year Cumulative Returns

-15.1%

3-Year Cumulative Returns

What are the long-term rolling returns for PRTS?

FIve years rolling returns for US Auto Parts Network.

Annualized Returns

Which funds bought or sold PRTS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-25	Legato Capital Management LLC	added	27.39	50,746	636,031	0.12%
2023-05-23	ROYCE & ASSOCIATES LP	sold off	-100	-1,314,600	-	-%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-0.32	-29,422	165,578	-%
2023-05-18	JPMORGAN CHASE & CO	reduced	-40.00	-199,000	210,000	-%
2023-05-18	SkyView Investment Advisors, LLC	added	23.42	13,000	273,000	0.06%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-48.00	-119,000	95,000	-%
2023-05-17	VIRGINIA RETIREMENT SYSTEMS ET AL	added	295	309,564	391,250	-%
2023-05-17	KB FINANCIAL PARTNERS, LLC	added	21.39	9,000	252,000	0.07%
2023-05-17	Advisory Services Network, LLC	sold off	-100	-35,062	-	-%
2023-05-16	JANE STREET GROUP, LLC	new	-	162,171	162,171	-%

Latest Funds Activity

Are funds buying PRTS calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own PRTS

No. of Funds

PRTS Alerts

Big fall in earnings (Y/Y)

US Auto Parts Network News

Schedule 13G FIlings of US Auto Parts Network

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	oaktop capital management ii, l.p.	6.30%	3,436,279	SC 13G
Feb 14, 2023	park west asset management llc	0%	0	SC 13G/A
Feb 09, 2023	vanguard group inc	6.87%	3,747,664	SC 13G
Feb 07, 2023	goldman sachs group inc	0.6%	344,294	SC 13G/A
Feb 01, 2023	blackrock inc.	6.6%	3,604,726	SC 13G/A
Feb 14, 2022	park west asset management llc	9.0%	4,751,916	SC 13G/A
Feb 10, 2022	goldman sachs group inc	5.3%	2,805,685	SC 13G/A
Feb 10, 2022	morgan stanley	4.2%	2,181,840	SC 13G/A
Feb 07, 2022	polar asset management partners inc.	0.61%	321,100	SC 13G/A
Feb 04, 2022	blackrock inc.	6.1%	3,188,137	SC 13G

PRTS Fair Value

Show Fair-Value

Recent SEC filings of US Auto Parts Network

View All Filings

Date Filed	Form Type	Document
May 30, 2023	4	Insider Trading
May 30, 2023	4	Insider Trading
May 30, 2023	4	Insider Trading
May 30, 2023	4	Insider Trading
May 30, 2023	4	Insider Trading
May 30, 2023	4	Insider Trading
May 30, 2023	4	Insider Trading
May 26, 2023	8-K	Current Report
May 16, 2023	4	Insider Trading
May 15, 2023	144	Notice of Insider Sale Intent

Latest Insider Trading transactions for PRTS

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-25	Costa Lisa	acquired	-	-	40,000	-
2023-05-25	PHELPS BARRY	acquired	-	-	45,967	-
2023-05-25	Maier Henry J	acquired	-	-	40,000	-
2023-05-25	Dutra Ana	acquired	-	-	40,000	-
2023-05-25	Liu Nanxi	acquired	-	-	40,000	-
2023-05-25	BARNES JIM	acquired	-	-	40,000	-
2023-05-25	GREYSON JAY KEITH	acquired	-	-	40,000	-
2023-05-15	Lockwood Ryan	sold	-3,623	4.43	-818	chief financial officer
2023-05-12	Lockwood Ryan	acquired	-	-	2,368	chief financial officer
2023-04-19	Lockwood Ryan	sold	-39,497	5.08	-7,775	chief financial officer

About US Auto Parts Network

David Meniane

www.usautoparts.net

1530

CarParts.com, Inc., together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce websites and online marketplaces. The company also sells auto parts to collision repair shops; markets Kool-Vue products to auto parts wholesale distributors; and aftermarket catalytic converters under the Evan Fischer brand. Its flagship websites include www.carparts.com, www.jcwhitney.com, www.autopartswarehouse.com and www.usautoparts.com. The company was formerly known as U.S. Auto Parts Network, Inc. and changed its name to CarParts.com, Inc. in July 2020. CarParts.com, Inc. was incorporated in 1995 and is headquartered in Torrance, California.

PRTS Income Statement

2023-04-01

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE OPERATIONS - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

Apr. 01, 2023

Apr. 02, 2022

Income Statement [Abstract]

Net sales

$ 175,492

$ 166,053

Cost of sales (1)

^[1]

112,941

104,891

Gross profit

62,551

61,162

Operating expenses

Operating expense

61,915

58,771

Income (loss) from operations

636

2,391

Other income (expense):

Other, net

914

Interest expense

(358)

(292)

Total other expense, net

556

(236)

Loss before income taxes

1,192

2,155

Income tax provision

141

Net loss

1,051

2,103

Other comprehensive gain (loss):

Foreign currency translation adjustments

Unrealized (loss) gain on deferred compensation trust assets

(34)

Total other comprehensive gain (loss)

(14)

Comprehensive loss

$ 1,075

$ 2,089

Net Loss Per Share

Basic net loss per share

$ 0.02

$ 0.04

Diluted net loss per share

$ 0.02

$ 0.04

Weighted-average common shares outstanding:

Shares used in computation of basic net loss per share

55,047

53,251

Shares used in computation of diluted net loss per share

58,037

57,172

[1]	Excludes depreciation and amortization expense which is included in operating expense.

PRTS Balance Sheet

2023-04-01

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 01, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 49,305	$ 18,767
Accounts receivable, net	9,745	6,406
Inventory, net	112,364	136,026
Other current assets	7,183	6,672
Total current assets	178,597	167,871
Property and equipment, net	24,423	24,290
Right-of-use - assets - operating leases, net	22,850	23,951
Right-of-use - assets - finance leases, net	18,401	19,750
Other non-current assets	2,589	2,537
Total assets	246,860	238,399
Current liabilities:
Accounts payable	55,221	57,616
Accrued expenses	20,924	16,466
Right-of-use - obligation - operating, current	4,640	4,571
Right-of-use - obligation - finance, current	4,601	4,753
Other current liabilities	6,071	4,622
Total current liabilities	91,457	88,028
Right-of-use - obligation - operating, non-current	20,306	21,412
Right-of-use - obligation - finance, non-current	14,826	15,916
Other non-current liabilities	3,202	2,971
Total liabilities	129,791	128,327
Commitments and contingencies
Stockholders' equity:
Common stock, $0.001 par value; 100,000 shares authorized; 54,693 and 52,960 shares issued and outstanding as of December 31, 2022 and January 1, 2022 (of which 2,565 are treasury stock)	59	57
Treasury stock	(7,625)	(7,625)
Additional paid-in capital	303,185	297,265
Accumulated other comprehensive income	1,150	1,126
Accumulated deficit	(179,700)	(180,751)
Total stockholders' equity	117,069	110,072
Total liabilities and stockholders' equity	$ 246,860	$ 238,399