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Why eBay Stock Is the Steady Performer You Can't Ignore
MarketBeat· 2024-09-23 14:42
eBay TodayEBAYeBay$63.71 +0.99 (+1.58%) 52-Week Range$37.17▼$64.96Dividend Yield1.70%P/E Ratio12.69Price Target$56.90Add to WatchlisteBay Inc. NASDAQ: EBAY is the world’s largest online auction site connecting buyers and sellers worldwide. It was one of the first consumer-to-consumer (C2C) online auction sites on the internet, and it's nearing its 30th birthday. eBay is no longer the hypergrowth e-commerce stock it once was; it is a stable and steady blue-chip internet stock that remains profitable with a s ...
eBay Inc. Announces New Member to Board of Directors
Prnewswire· 2024-09-19 20:05
New independent director, Bill Nash, CEO of CarMax, brings significant expertise in retail, e-commerce and technology development SAN JOSE, Calif., Sept. 19, 2024 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced the appointment of William (Bill) D. Nash to its Board of Directors, effective September 18, 2024."We are delighted to have Bill join our Board of Directors," said Paul Pressler, Chairman of the Board, e ...
The Journey Of eBay Stock From Humble Beginnings To A 6640% Increase Unveiling The Potential For More Explosive Growth
Benzinga· 2024-09-18 17:05
Since its launch in the 1990s, eBay stock has increased by 6,640% from just under $1, despite experiencing significant volatility. After a consolidation period where eBay's stock fluctuated between $35 and $52, it broke through the $52 resistance in March with an 11% increase. Despite a recent 24% rise in eBay's stock, it still needs to gain an additional 25% to return to its all-time high. Since its launch in the 1990s, eBay Inc EBAY stock has had an impressive journey. It started at just under $1 and ha ...
If I Could Only Buy 1 E-Commerce Stock During the Next Market Sell-Off, This Would Be It (Hint: It's Not Amazon)
The Motley Fool· 2024-09-17 00:02
Core Viewpoint - eBay is an e-commerce stock that is currently outperforming the broader market, despite being overshadowed by larger competitors like Amazon and Walmart [1] Group 1: Market Performance - The S&P 500 and Nasdaq Composite have rebounded sharply in 2023, with gains of approximately 17% year to date, but have recently experienced notable selloffs [2] - eBay's stock has reached a 52-week high of $64, outperforming the broader market over the last month [2] Group 2: Share Buybacks - eBay has been actively repurchasing shares, buying back $1.4 billion in 2023 and an additional $1.5 billion in the first half of 2024, reducing its outstanding share count by nearly 10% [4] Group 3: Valuation - eBay's current price-to-earnings (P/E) ratio is 12.3, which is among the lowest compared to other leading e-commerce stocks, and its forward P/E of 13.2 is significantly lower than the S&P 500's forward P/E of 22.6 [5] - The disparity in valuation multiples suggests that investors may perceive eBay's prospects as less enticing compared to its larger, more diversified peers [5] Group 4: Future Outlook - With inflation cooling down, there is potential for renewed enthusiasm in e-commerce stocks, making eBay an attractive buy, especially during market downturns [6]
eBay Inc. (EBAY) Goldman Sachs Communacopia + Technology Conference - (Transcript)
2024-09-09 19:42
Company and Industry Overview * **Company**: eBay Inc. (NASDAQ:EBAY) * **Industry**: E-commerce, Online Marketplaces * **Scale**: $73 billion GMV, 132 million buyers, operating in 190 countries * **Focus**: Non-new in season products (90% of sales), enthusiast buyers, three pillars of relevant experiences, scale, and magical innovation Core Views and Arguments * **Strategic Priorities**: * **Focus Categories**: Drive growth in key categories with leading customer satisfaction experiences. * **Scale**: Leverage the platform's scale for robust payments, advertising, international shipping, etc. * **Magical Innovation**: Utilize generative AI to create seamless experiences and unlock TAM across C2C and B2C. * **AI and Innovation**: * **Magical Listings**: AI-generated product descriptions and enhanced images. * **Fashion**: AI-driven features like size saving and personalized recommendations. * **Explore**: AI-powered personalized shopping suggestions. * **Internal Applications**: AI in customer service, engineering, and legal teams. * **Consumer Landscape**: * **Challenges**: Elevated inflation, interest rates, and consumer sentiment pressure. * **Benefits**: Non-new in season products, value and trust, sustainability. * **Execution**: Positive GMV growth and sequential improvement. * **Enthusiast Buyers**: * **Behavior**: High spend, cross-category shopping, repeat business. * **Investment**: Full funnel marketing, partnerships, and community engagement. * **Focus Categories**: * **Growth**: 4% growth in focus categories, 30% of business. * **Drivers**: Leading CSAT, authentication, personalized experiences. * **Investment**: Continued investment in existing categories and new launches. * **Competitive Landscape**: * **Advantages**: Scale, organic traffic, cross-category shopping, community. * **Strategic Capital Allocation**: Focus on differentiation, innovation, and monetization. * **Advertising**: * **Current**: 2.3% penetration, growing. * **Opportunities**: Seller penetration, listing penetration, ad rate optimization, new products. * **Take Rate**: * **Current**: [Indiscernible], positive momentum. * **Drivers**: Third-party advertising, financial services, shipping. * **Investments**: * **Focus Categories**: Continued investment in existing categories and new launches. * **Geo-Specific Investments**: C2C in Germany, Imperial Fashion in the UK. * **Horizontal Investments**: Trust, friction reduction, generative AI. * **Monetization**: Financial services, first-party advertising, eBay international shipping. * **M&A Philosophy**: * **Focus**: Core business investments, build by partner framework. * **Acquisitions**: Sneaker Con, myFitment, TCGplayer, Goldin Auctions, 3PM Shield. * **Minority Equity Stakes**: * **Returns**: $7.3 billion returned to shareholders since Q1 2022. * **Adevinta**: Significant shareholder value creation. * **Balance Sheet**: * **Financial Architecture**: Strong margins, best-in-class balance sheet. * **Capital Allocation**: Maintaining investment grade, gross debt to EBITDA, and EBITDA to net. * **Leverage**: Gross leverage at 3.2 times, targeted at 3.0. Other Important Points * **Sustainability**: Focus on non-new in season products and sustainability initiatives. * **Generative AI**: Exciting opportunities for future growth and innovation. * **Long-term Vision**: Leverage TAM in non-new in season products and generative AI to drive long-term growth and shareholder value.
EBAY Gains 34.3% YTD: Should You Buy, Hold or Sell the Stock?
ZACKS· 2024-08-30 17:36
Core Viewpoint - eBay has shown strong performance in the e-commerce sector, with a year-to-date gain of 34.1%, significantly outperforming industry and market benchmarks [1] Group 1: Financial Performance - eBay's third-quarter 2024 revenue estimate is $2.55 billion, reflecting a year-over-year growth of 1.8% [6] - The consensus estimate for third-quarter 2024 earnings is $1.17 per share, indicating a year-over-year growth of 13.6% [6] - eBay's active buyer base remained flat at 132 million year-over-year in Q2 2024, indicating potential challenges in user growth [7] Group 2: E-commerce Market Trends - The global e-commerce market is projected to grow from $8.8 trillion in 2024 to $18.8 trillion by 2029, with a CAGR of 15.8% [2] - eBay is well-positioned to leverage growth in the e-commerce market due to increasing user engagement on its platform [2] Group 3: User Experience Enhancements - eBay is implementing design changes, improved navigation, and personalized features to enhance user experience [2] - The introduction of generative AI-powered features, such as background enhancements for product listings, has received positive feedback [3] - eBay's collaboration with Microsoft to integrate Azure and AI tools is expected to improve the listing process [3] Group 4: Strategic Initiatives - eBay has introduced Venmo as a new payment option, targeting Gen Z and Millennial customers for a seamless checkout experience [4] - The company has launched AI-driven features like Shop the Look and Explore to enhance personalization and filtering options for buyers [4] - A simplified selling process with curated item specifics and intelligent pricing suggestions has been introduced to streamline operations [5] Group 5: Competitive Landscape - eBay faces rising competition from Amazon and Shopify, both of which are enhancing their platforms with AI-powered shopping experiences [6][7] - eBay's current forward Price/Sales ratio is 2.7X, higher than the industry average of 1.73X, indicating a stretched valuation [7]
eBay Launches its First-Ever Pre-Loved Fashion Week in New York and London
Prnewswire· 2024-08-28 13:00
Core Insights - eBay is launching the "Endless Runway" shows to promote pre-owned designer fashion, making it immediately shoppable and tapping into the growing demand for circular fashion [1][2] - The initiative aligns with eBay's commitment to sustainability in fashion, showcasing that authentic designer items can be accessible [1][2] eBay's Circular Fashion Commitment - In 2023, nearly $50 billion worth of secondhand luxury products were sold globally, driven by younger consumers seeking affordable luxury options [2] - Pre-loved and refurbished items account for 40% of eBay's gross merchandise volume, indicating strong consumer interest in sustainable fashion [2] - Global searches for "vintage" on eBay reached over 1000 times per minute in June 2024, highlighting the demand for pre-loved items [2] Fashion Week Collaborations - eBay is partnering with major fashion events like New York Fashion Week and London Fashion Week to showcase pre-loved items, connecting past and present fashion [3][6] - The Endless Runway shows will feature items from iconic designers and brands, making high-quality fashion accessible to a broader audience [3][6] Event Details - The eBay Endless Runway in New York will take place on September 5, 2024, featuring shoppable items from past collections [5] - The London presentation will occur on September 12, 2024, showcasing archival pieces from British designers [7] eBay's Market Position - eBay is positioned as a leader in the circular fashion space, being the first brand to present an entirely pre-owned offering at major fashion weeks [7] - The company enabled over $73 billion in gross merchandise volume in 2023, reflecting its significant role in the global marketplace [9]
Is eBay's AI Push Enough to Buy the Stock? What You Need to Know
MarketBeat· 2024-08-13 11:45
eBay TodayEBAYeBay$55.81 -0.71 (-1.26%) 52-Week Range$37.17▼$57.68Dividend Yield1.94%P/E Ratio11.12Price Target$56.65Add to WatchlistInvestors were receptive to certain aspects of eBay's NASDAQ: EBAY recent quarterly earnings report. Some of the veteran e-commerce sector metrics showed modest improvement, which was enough to drive the stock's outperformance compared to eBay’s analyst community’s expectations. However, a significant challenge lies ahead for eBay as it faces intense competition in the e-comme ...
Ebay's Q2 Numbers Were Strong as the E-commerce Platform Leaned Into AI. But Is the Stock a Buy?
The Motley Fool· 2024-08-12 12:15
It's future potential that counts, however, not trailing performance.Investors liked some of what they heard with eBay's (EBAY 1.04%) latest quarterly earnings release. A few of the e-commerce veteran's numbers were mildly encouraging -- at least, enough to help the stock outperform the S&P 500 index since they were published at the end of July.One big challenge is that the company is hardly the only e-commerce operator battling to earn your consumer dollar. Will it do well in that endless fight? Let's expl ...
Compared to Estimates, eBay (EBAY) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-08-02 02:01
eBay (EBAY) reported $2.57 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 1.3%. EPS of $1.18 for the same period compares to $1.03 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.53 billion, representing a surprise of +1.79%. The company delivered an EPS surprise of +4.42%, with the consensus EPS estimate being $1.13.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...