ID - Greystone Capital Management - PARTS iD Inc.: Taking Share From The Aftermarket Auto Accessories 'Wants' Segment
- We currently hold a position in PARTS iD Inc., which is attacking head on the problems of ‘fitment’ and the friction of shopping digitally in the aftermarket auto accessories category.
- The bad news is that some clear headwinds remain consisting of former insiders with large share ownership potentially looking to exit on the back of any increase in the stock price, two more very tough ‘COVID comps’ to lap including Q4, and continued supply chain issues, which may not abate until FY23.
- I’m optimistic that many of the temporary headwinds will fade, and growth should meaningfully accelerate within the next few quarters.
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Greystone Capital Management - PARTS iD Inc.: Taking Share From The Aftermarket Auto Accessories 'Wants' Segment