U.S. Auto Parts Network Selected for Russell 2000 Index
29 Juni 2020 - 12:13PM
Business Wire
As of June 26, 2020, the Russell 2000® includes U.S. Auto Parts
Network (NASDAQ: PRTS), and its flagship website, CarParts.com as
new additions to the index. The company’s inclusion in this
influential list is a testament to the company’s rapid growth and
its customer and efficiency-focused strategy. The Russell 2000®
Index is a capitalization-weighted stock market index maintained by
FTSE Russell that benchmarks the U.S. stock market. U.S. Auto Parts
Network and its flagship brand CarParts.com qualified for the list
following significant growth in market capitalization over the last
six months.
"We are proud to be included in the Russell 2000® Index,” said
Lev Peker, CEO of U.S. Auto Parts Network. “It serves as proof that
our strategy is working. We are excited to expand our company and
accelerate our growth. That said, we will never lose what got us
here – providing a real value and real convenience to our
customers, empowering them to get back on the road.”
To be considered for inclusion on the Russell 2000®, companies
are required to meet specific weighted market cap requirements by
each evaluation period. These measured qualifications benchmark the
performance of smaller, domestically focused businesses. U.S. Auto
Parts Network is an automotive and e-commerce company headquartered
in Torrance, California. U.S. Auto Parts Network and CarParts.com
are the leading online provider of aftermarket auto parts,
including collision parts, engine parts, and performance parts and
accessories.
Leading asset owners, asset managers, ETF providers and
investment banks have trusted FTSE Russell for over 30 years to
benchmark their investment performance and create investment funds,
ETFs, structured products and index-based derivatives. FTSE Russell
indexes also provide clients with tools for asset allocation,
investment strategy analysis and risk management. For more
information Russell 2000® Index please visit the FTSE Russell
website.
Russell 2000® is a registered Trademark of FTSE Russell.
About CarParts.com
Established in 1999, CarParts.com is an e-commerce auto parts
retailer that specializes in O.E. replacement collision, repair,
and maintenance parts. With over 50 million parts delivered, we've
helped millions of drivers across the United States find the right
parts to fix their cars and keep their vehicles on the road. Our
vehicle selector and easy-to-navigate, mobile-friendly website
offers customers guaranteed fitment and a convenient online
shopping experience. Paired with our 90-day return policy and
satisfaction guarantee, CarParts.com makes it easier than ever to
get the parts you need delivered straight to your door.
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version on businesswire.com: https://www.businesswire.com/news/home/20200629005323/en/
Media Inquiries: Sasha Trosman (424) 702-1455 ext. 258
press@usautoparts.com
Investor Relations: Sean Mansouri, CFA Gateway Investor
Relations (949) 574-3860 PRTS@gatewayir.com
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