1 E-Commerce Stock That's Still Winning in the Reopening
E-commerce stocks thrived during the pandemic. And it's not a surprise, really. With stores closed or at a restricted capacity during much of the crisis and consumers avoiding public spaces, sales at e-commerce platforms like Shopify, Etsy, and Wayfair soared. However, some of the companies are already warning of a hangover from the reopening and difficult comparisons with a year ago.
Etsy, for example, forecast revenue growth of 15% to 25% for the current quarter after posting four straight quarters of triple-digit revenue growth, and Wayfair expects revenue to decline for the quarter. Even Shopify said it anticipated some rotation in consumer spending back to offline channels and expects its growth to decelerate in the reopening.
But there's one e-commerce stock that's showing no signs of slowing down in the reopening. That's Carparts.com (NASDAQ: PRTS).
Source Fool.com
