Stock Alert: CarParts.com Trading 24% Higher

Shares of online aftermarket auto parts provider CarParts.com, Inc. (PRTS) are climbing more than 24% Tuesday morning on the news of it launching a shopping hub dedicated for the hybrid, plug-in hybrid, and electric vehicle (EV) community.

The new shopping interface for EV and hybrid replacement parts allows customers to search by both part and vehicle make. The hub will also feature the latest news, guides, blog content, and maintenance insight for hybrid, plug-in hybrid, and electric vehicles.

Aftermarket parts are available for more than 25 popular vehicle makes, including Tesla, Toyota, Honda, GMC, BMW, Ford, Lexus, Chevrolet, and more.

“There is a lot of misinformation out there surrounding the perceived differences in parts and repairs for electric cars compared to gas vehicles. Our dedicated shopping hub will help demystify the world of EV and hybrid auto parts, making it simple for customers to find the parts and information they need to get the job done ” said CarParts.com Chief Merchandising Officer David Morris.

PRTS hit a new 52-week high of $17.93 this morning.

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