eBay (EBAY)’s Numbers Were Extraordinary, Says Jim Cramer

Core Viewpoint - eBay Inc. (NASDAQ:EBAY) has shown strong performance in its recent fiscal fourth quarter, with significant revenue and earnings growth, despite a slight year-to-date decline in share price [2]. Financial Performance - eBay reported $2.97 billion in revenue for the fourth quarter, exceeding analyst estimates of $2.88 billion [2]. - Adjusted earnings per share were $1.41, surpassing expectations of $1.34 [2]. - The company's gross merchandise volume reached $21.2 billion, reflecting a robust 10% annual growth [2]. Market Activity - eBay's shares have increased by 22% over the past year, although they are down by 1% year-to-date [2]. - Morgan Stanley raised eBay's share price target to $112 from $102, maintaining an Overweight rating on the stock [2]. Strategic Moves - eBay announced its decision to acquire used clothes retailer Depop from Etsy, indicating a strategic expansion into the secondhand market [2]. - Jim Cramer highlighted the potential strength of the secondhand market in relation to eBay's performance [2][5].