Key Developments For U.S. Auto Parts Network, Inc.
U.S. Auto Parts Network, Inc. (PRTS.O) (Nasdaq)
U.S. Auto Parts Network, Inc. Appoints Chief Financial Officer
U.S. Auto Parts Network, Inc. announced that effective February 16, 2009, the Company has appointed Theodore R. (Ted) Sanders, Jr. as Chief Financial Officer.
U.S. Auto Parts Network, Inc. Announces Resignation Of Michael J. McClane As Chief Financial Officer-Form 8-K
U.S. Auto Parts Network, Inc. announced in its Form 8-K that Michael J. McClane, Chief Financial Officer, Executive Vice President, Treasurer and Secretary, has resigned from the Company, effective December 11, 2008.
U.S. Auto Parts Network, Inc. Acquires Automotive Diagnosis and Repair Website
U.S. Auto Parts Network, Inc. announced that it has taken another step in providing drivers with premier car service and repair advice by acquiring the assets of AutoMD.com, a provider of online auto diagnosis and repair technology. This technology helps customers understand what is ailing their vehicle and guides them in determining the right option to mend it.
U.S. Auto Parts Network, Inc. Announces Acquisition of Auto Information and Advice Website
U.S. Auto Parts Network, Inc. announced that it has entered into an agreement to purchase certain assets of SmartTrac, Inc. related to a website providing a broad range of information on the purchase, care and repair of automobiles. The website, which generates over 250,000 unique visitors monthly, will enhance the scope of information, advice and guidance that U.S. Auto Parts provides its customers.
U.S. Auto Parts Network, Inc. Issues Q3 2008 Guidance; Revenue Guidance Below Analysts' Estimates; Reaffirms H2 2008 Revenue Guidance
U.S. Auto Parts Network, Inc. announced that for the third quarter of 2008, it expects net sales to be in the range of approximately $38- $41 million and adjusted EBITDA to be in the range of approximately $1.8-$2.8 million. The Company reaffirmed its second half of 2008 revenue guidance and expects revenue to increase in comparison to the second half of 2007 as the Company's 2008 operational strategy takes hold. According to Reuters Estimates, analysts on average are expecting the Company to report EBITDA of $2.4 million on revenues of $43 million for the same period.
