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Car parts.com (PRTS) is a hidden gem that is going to continue to move

CarParts.com, Inc. (NASDAQ: PRTS) (“CarParts.com”) announced plans to open its sixth distribution center in Jacksonville, Fl. in Q1 of 2022. The Jacksonville distribution center will add 150 full-time positions and an additional 180,000 square feet to CarParts.com’s more than 1 million square feet of warehouse space nationwide.

In May, the company reported 1Q21 results and the shares have been slowly rising since. CarParts.com reported 65% yoy growth in quarterly sales, to a record level of $144.8 million, and marked its 5th quarter in a row of year-over-year revenue gains. The company saw gross profits of $49.2 million, also up 65%.

Currently 24.6% of the float is short
Of all the analysts that have looked at the stock, they all have a buy or strong buy rating.

I’m long with 1000 shares at 16.55
I believe this is a 40 dollar stock trading at 18

What do you think?

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8 Comments

  1. Not missing out on this shit after the NEGG surge. Sure this might not be the same thing.. but I agree it should be at least at 34 or so. Not even 1 billion marketcap, like come on ! And its cars. The thing that is selling at ridicolous prices now according to bloomberg (the cucks I know)

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