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Why This E-Commerce Growth Stock Surged 17.5% on Friday

·2 min read
Why This E-Commerce Growth Stock Surged 17.5% on Friday

Q2 was a record quarter for Carparts.com as it ramped up shipments from its new Grand Prairie, Texas, distribution facility and struck meaningful branding partnerships. CEO Lev Peker highlighted how the company's increased distribution capacity was a major driving factor behind its sales growth, especially as the Grand Prairie facility became fully operational. The company is now nearly doubling that center's size with a 156,000 square foot expansion, and it's also on track to open a new 180,000 square foot distribution center in Jacksonville, Florida.