Why CarParts.com Is Set to Beat the Market Again This Year
CarParts.com (NASDAQ: PRTS) delivered another impressive earnings report Monday night.
For its 14-week fourth-quarter, the only pure-play auto parts e-commerce company posted revenue growth of 90% to $119.7 million, which crushed analysts' consensus estimate of $92 million.
The company is leveraging the investments it has made since a management change early in 2019, which included combining multiple brands under the CarParts.com nameplate, changing the company name from U.S. Auto Parts to CarParts.com, adding new distribution centers to speed up delivery, and shutting down unprofitable business lines.
Source Fool.com
