Why CarParts.com Stock Jumped 16% in November

Why CarParts.com Stock Jumped 16% in November

Shares of CarParts.com (NASDAQ: PRTS) moved higher last month after the online auto parts retailer reported a better-than-expected bottom-line result in its third-quarter earnings report. The stock also seemed to benefit from signs that the Federal Reserve could start slowing its interest-rate hikes. According to S&P Global Market Intelligence, the stock finished the month up 16%.