The Panic-Proof Portfolio (Stockchase Research)
CarParts.com, Inc.
PRTS-Q
TOP PICK
Mar 11, 2021
Stockchase Research Editor: Michael O'Reilly PRTS has benefitted from the pandemic as car owners avoided mass transit and worked to get the most out of their existing vehicles. In the highly competitive car parts segment, the company has gained an advantage by offering manufacturer-to-consumer direct selling online. Recently reported earnings showed record revenue for the company (up 90%), with Q4 profit at $41 million (a net loss on the year). Over 70% of the stock is held by institutions with good staying power. We would buy this with a stop-loss at $9.50, looking to achieve $24 -- upside potential exceeding 54%. Yield 0% (Analysts’ price target is $24.00)
(A Top Pick Mar 11/21, Down 38.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with PRTS has triggered its stop at $9.50. To remain disciplined, we recommend covering the position at this time. We will look for better opportunities.
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