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This Growth Stock Is Accelerating Into a Potential Recession. Time to Buy?

TheMotleyFool

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This Growth Stock Is Accelerating Into a Potential Recession. Time to Buy?: https://g.foolcdn.com/editorial/images/709623/car-engine-parts.jpg

CarParts.com (NASDAQ: PRTS) was a market darling early in the pandemic, but lately the stock has looked like it could use an overhaul.

Shares are down 63% over the last year as the buzz around e-commerce stocks has faded, and while the company's growth rate has slowed from the pandemic, it's still delivering solid growth, outperforming its e-commerce peers, and gaining market share from traditional auto parts retailers.

In fact, even as macroeconomic headwinds strengthened in the third quarter, the company's revenue growth increased from 12% in the second quarter to 16% in the third quarter. Here are a few reasons why CarParts.com looks like a smart buy.

Source Fool.com

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