CarParts CEO: We Can Be the Amazon of Automobile Parts

Auto Accessories

CarParts.com is certainly surging this year and no person is conversing about it. 

And CEO Lev Peker tells TheStreet the enterprise views alone as the e-commerce chief of car elements. This comes as FAANG shares have been below stress the earlier thirty day period-and-a-50 % on valuation worries. The Nasdaq 100, comprehensive of huge, dominant and hard cash flow-generative advancement tech shares, is even now down about 1% considering that September 2. 

Enter CarParts.com. 

The organization, with a market place cap north of $570 million, has found its stock rise more than 500% this year. The business delivers areas specifically to the buyer, who is centered on at-house initiatives this yr due to the fact of the pandemic.