Barrington Research Maintains Outperform Rating and $11-13 PT on US Auto Parts

A report from Barrington Research reiterates its Outperform rating and $11-13 price target on US Auto Parts

. The report states, “Our 2011 and 2012 EPS estimates are ($0.20) and $0.19, respectively. Our adjusted EPS estimates factoring out amortization of intangibles and stock comp expense are $0.07 and $0.41, respectively. We believe that 2012 should be a breakout year for PRTS with adjusted EBITDA generation of $32 million placing the stock at a 65% discount to its peer group average TEV/EBITDA multiple." PRTS closed yesterday at $5.15.