CarParts.com Inc. (PRTS) Social Stream
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$PRTS what you really want to see if you plan to own Carparts long term is a major increase in sales of mechanical parts. The reason is you get repeat sales. If someone buys a fender they might not buy another fender ever again. But if someone buys brake pads or fan belts, they will likely need replacement every two years. This will broaden the customer base on create customer loyalty. The only reason $CHWY gets such a high price to sales multiple is because they have a very high percentage of repeat customers.Jayfe1, published August 12, 2021
On the conference call they said mechanical parts were up to $42 million in sales from $30 million which is nice 40% growth. The opportunities for Carparts is unlimited because the drop shipper competitors can't get product to their customers fast enough. Next year when they expand the Texas facility and add the one in Jacksonville they can quickly ship even more products out the door.
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