EBay’s gross merchandise volume (GMV) eked out slight gains in the most recent quarter, but the tally of 131 million active buyers in the quarter was unchanged.And growth may be a longer term story – a year-end story, in fact, amid uneven consumer spending. Investors sent the shares lower in after-hours trading on Wednesday by about 5%.CEO Jamie Iannone said on the conference call with analysts, “We remain on track for GMV growth turn positive by Q3 or Q4 of this year.”Motor parts and accessories was once a ...

Financial Data and Key Metrics Changes - Gross merchandise volume (GMV) was roughly flat at $18.6 billion, while revenue grew more than 2% to $2.56 billion [7][30] - Non-GAAP operating margin was 30.3%, and non-GAAP earnings per share rose 13% to $1.25 [7][30] - The company returned $638 million to shareholders through repurchases and dividends [7][30] Business Line Data and Key Metrics Changes - Focus categories GMV grew nearly 5%, outpacing the remainder of the marketplace by roughly 6 points [8][31] - Motors Parts & Accessories (P&A) was the largest contributor to growth among focus categories, despite facing headwinds in January [8][31] - Total advertising revenue grew 20% to $384 million, with first-party ads growing 28% to $370 million [24][35] Market Data and Key Metrics Changes - U.S. GMV was nearly flat, while international GMV grew nearly 1% on an FX-neutral basis [31][32] - The U.K. saw some softness in C2C volumes, while the B2C business trends remained consistent [33] - Trailing 12-month active buyers were stable at approximately 132 million, with enthusiast buyers at 16 million [33] Company Strategy and Development Direction - The company aims to strengthen its consumer value proposition in pre-owned fashion and enhance the buying and selling experience [17][18] - A multi-year partnership with McLaren Racing was announced to increase brand visibility among motorsports enthusiasts [10] - The company is focused on leveraging generative AI to improve customer experience and operational efficiency [21][22] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing challenges in the global economy, particularly in Europe, but expressed confidence in achieving positive GMV growth by Q3 or Q4 [7][46] - The company is committed to innovation across focus categories and horizontal initiatives to drive sustainable long-term growth [28][46] - Management expects to generate revenue between $2.49 billion and $2.54 billion in Q2, with FX-neutral growth between negative 1% and positive 1% year-over-year [40][41] Other Important Information - The company reached a milestone where pre-owned and refurbished goods accounted for 40% of total GMV [16] - The company has entered into agreements with Collectors and PSA to streamline the buying, selling, grading, and storing of trading cards [14][15] - Free cash flow was $472 million in Q1, with cash and non-equity investments totaling $4.9 billion [38] Q&A Session Summary Question: Insights on Q2 non-GAAP operating margin - Management indicated that Q2 guidance implies margin expansion driven by advertising growth and efficiency gains, despite some FX headwinds [49] Question: Innovations driving growth acceleration - Management highlighted focus category work, geographic initiatives, and horizontal innovations like AI capabilities as key drivers of growth [52][54] Question: Current state of cross-border commerce - Management stated that cross-border transactions account for about 20% of GMV, with positive growth driven by initiatives like eBay International shipping [56][58] Question: Health of the consumer - Management noted a dynamic environment with inflationary pressures, but emphasized the strength of the value proposition in the pre-owned market [60][61] Question: Investments in generative AI - Management expressed excitement about advancements in AI and its potential to enhance customer experience and operational efficiency [63][65] Question: Trading card business volume trends - Management reported an uptick in trading card volumes due to sustained interest from customers acquired during the pandemic and new features introduced [69][71]

eBay (EBAY) reported $2.56 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.8%. EPS of $1.25 for the same period compares to $1.11 a year ago.The reported revenue represents a surprise of +0.99% over the Zacks Consensus Estimate of $2.53 billion. With the consensus EPS estimate being $1.20, the EPS surprise was +4.17%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their nex ...

eBay Inc (NASDAQ: EBAY) is in the red in extended hours today even though it came in ahead of Street estimates for its fiscal Q1.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.eBay stock down on muted guidanceCopy link to sectionThe stock is taking a hit primarily because the management failed to impress with its guidance. $EBAY now forecasts its revenue to fall between $2.49 billion and $2.54 billion on up to $1.15 of per-share earnings. Analysts, i ...

eBay Inc. Reports First Quarter 2024 Results San Jose, California, May 1, 2024 – eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today reported financial results for its first quarter ended March 31, 2024. "eBay's Q1 results marked a strong start to 2024 as we continue to make progress toward our goal of sustainable GMV growth," said Jamie Iannone, Chief Executive Officer at eBay. "We believe our accelerating pace of innovation is fundamental ...

The upcoming report from eBay (EBAY) is expected to reveal quarterly earnings of $1.20 per share, indicating an increase of 8.1% compared to the year-ago period. Analysts forecast revenues of $2.53 billion, representing an increase of 0.8% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's ea ...

POLAND - 2024/02/23: In this photo illustration, an Ebay logo seen displayed on a smartphone. (Photo ... [+] Illustration by Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImageseBay (NASDAQ: EBAY) is scheduled to report its fiscal Q1 2024 results on Wednesday, May 1. We expect the stock to post mixed results with revenues beating the consensus but earnings missing the mark. The company outperformed the street estimates in the last quarter, with net revenues in ...

Now in its 5th year, eBay's Up & Running Grants program demonstrates the company's ongoing commitment to entrepreneurial success on its platform. With the grants, small businesses are able to invest in physical and digital store improvements, new equipment and inventory, hiring, training, marketing and more. A survey of last year's awardees reveals that 90% found the grant extremely or very helpful, and 90% also felt more confident about the future of their businesses. Further, 10% of recipients say they le ...

Here are two stocks with buy rank and strong value characteristics for investors to consider today, April 24th:Gentherm Incorporated (THRM) : This thermal management and pneumatic comfort technologies company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.4% over the last 60 days.Gentherm has a price-to-earnings ratio (P/E) of 17.75, compared with 20.04 for the S&P 500. The company possesses a Value Score  of B.eBay Inc. (EBAY) : This onlin ...

E-commerce stock eBay Inc (NASDAQ:EBAY) is 3.9% higher in premarket trading, following a bull note from Morgan Stanley. The analyst upgraded EBAY to "overweight" from "underweight" and nearly doubled its price target to $62 from $35, saying the stock is undervalued compared to peers such as Etsy (ETSY).Morgan Stanley's new price target represents a level eBay stock hasn't seen since the end of 2021. Should today's premarket gains hold, EBAY will snap a five-day losing streak. The security is outperforming t ...