Core Thesis - StubHub Holdings, Inc. is viewed as a misunderstood IPO, currently trading below its debut price of $23.50, despite positive ratings from major banks like Goldman Sachs, which has a target price of $46 [3][5] Company Overview - StubHub operates a ticketing marketplace for live events globally and holds approximately 50% of the U.S. secondary ticketing market, benefiting from strong network effects, deep liquidity, and brand trust [3][5] - The company is expanding into the primary ticketing market, which represents a strategic shift involving direct contracts with venues and event organizers [3][4] Financial Projections - Based on projected earnings for 2026, a 20x earnings multiple suggests a valuation near $50 per share, which is reasonable for a leading company with consistent growth and competitive advantages [4] - Even under conservative assumptions, a mid-to-high $30 valuation appears defensible when compared to other marketplace and transaction-based businesses [4] Market Position and Investor Sentiment - Despite strong fundamentals, StubHub's stock has been overlooked since its IPO, creating a mismatch between improving business momentum and investor attention [5] - The current share price reflects significant skepticism, but StubHub's dominant market position and growing presence in primary ticketing may lead to a substantial rerating for patient investors [5][6]

Core Insights - CarParts.com, Inc. has announced that its proprietary brand Evan Fischer® will be exclusively available on eBay, marking a significant expansion of their partnership [1][2] - This collaboration aims to provide millions of DIYers, professional mechanics, and automotive enthusiasts with easier access to high-quality replacement parts [2] Company Overview - Evan Fischer® is recognized as a trusted aftermarket auto parts brand within the CarParts.com portfolio, focusing on delivering top-quality and reasonably priced replacement parts [5] - The brand is designed for both experienced DIYers and professional mechanics, ensuring safety, reliability, and precise fitment across a wide range of product categories [5][6] Product Availability - Evan Fischer products are now exclusively available on eBay, allowing customers to browse the full catalog and verify fitment for their vehicles [4][6] - The product lineup includes essential replacement parts such as brake components, steering and suspension parts, and common wear items like filters and belts [6] Benefits of Shopping on eBay - Customers can benefit from eBay's secure payment options, buyer protection, and easy return policies when purchasing Evan Fischer products [4][6] - The partnership enhances the shopping experience by providing fast, trackable delivery options and access to a vast community of experts and verified sellers [6][7]

Core Viewpoint - Cars.com Inc. has announced the appointment of Tobias Hartmann as the new CEO, effective January 15, 2026, succeeding Alex Vetter, who will step down from his role and serve as an advisor until March 31, 2026 [1][2]. Company Leadership Transition - Tobias Hartmann brings over 25 years of experience in B2C and B2B technology, eCommerce, and marketplace companies, having previously served as CEO of Scout24 SE Group and President of HelloFresh SE [2][3]. - Alex Vetter has been with Cars.com since its inception in 1998 and has played a crucial role in transforming the company into a vertical SaaS platform for the automotive industry [3][4]. Strategic Vision - Hartmann aims to leverage digital tools, data, and AI to enhance customer competitiveness in the automotive retail and wholesale sectors [3]. - The Board of Directors expressed confidence in Hartmann's ability to accelerate growth and guide the company into the future [3][4]. Company Background - Cars Commerce is a technology company focused on empowering the automotive industry through innovative solutions and AI-driven technologies that enhance car buying and selling processes [5][6]. - The platform includes various brands such as Cars.com, Dealer Inspire, AccuTrade, DealerClub, and Cars Commerce Media Network, which collectively support efficient and profitable retail operations [6].

Core Insights - The retail sector is experiencing a shift where consumers are reducing discretionary spending and focusing on defensive items, while non-store retailers are seeing significant sales growth [2][5]. Retail Sector Analysis - Retail sales data indicates a 2.4% increase over the past month and a 6.5% increase year-over-year, benefiting e-commerce companies like Amazon, Shopify, and eBay [3]. - Non-store retailers, particularly Amazon, have seen the largest sales expansion, attributed to their competitive pricing and delivery services [5]. Company-Specific Insights Amazon - Amazon's stock forecast shows a target price of $260.65, indicating a potential upside of 35.18% from the current price of $192.82 [3][6]. - Institutional investment in Amazon reached $81 billion in the last quarter, with Mackenzie Financial increasing their holdings by 28.1% to a total of $1.4 billion [4]. Shopify - Shopify's stock forecast is set at $126.31, suggesting a 34.52% upside from the current price of $93.90, with a price-to-book ratio of 10.8x, indicating a premium valuation [8][9]. - Analysts from Jefferies Financial estimate Shopify's fair value at around $130 per share, implying a potential upside of 37% [10]. eBay - eBay's stock forecast is $65.54, with a slight upside of 0.46% from the current price of $65.24, showing strong momentum as it trades at 94% of its 52-week high [11]. - Short interest in eBay has decreased by 9.3% over the past month, indicating a shift in sentiment among short sellers [12]. - Ameriprise Financial increased their holdings in eBay by 12.4%, reflecting bullish confidence in the stock [13].

U.S. stocks settled higher on Friday, with the Dow Jones index jumping more than 600 points during the session.Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst’s opinion to trust.Benzinga’s Analyst Ratings API is a collection of the highest-q ...

Core Insights - Investors often avoid stocks around earnings announcements due to high volatility, but post-earnings, opportunities arise as volatility decreases [1][2] Group 1: eBay Inc. (NASDAQ: EBAY) - eBay's stock experienced a decline of up to 9.5% following its latest quarterly earnings, leading to concerns about performance expectations [3][5] - Analysts from Benchmark reiterated a Buy rating and raised their valuation target for eBay from $65 to $75 per share, indicating a potential upside of 20% [4][5] - Institutional investors, such as Ameriprise Financial, increased their holdings in eBay by 12.4%, bringing their total position to $1.8 billion, reflecting bullish sentiment [6] Group 2: Snowflake Inc. (NYSE: SNOW) - Snowflake's 12-month stock price forecast is set at $202.92, suggesting a 14.8% upside, supported by a moderate Buy rating from analysts [7][8] - The increasing reliance on cloud-based services as the global economy digitizes justifies the premium valuation of Snowflake's stock [9] - UBS Asset Management Americas raised their holdings in Snowflake by 16.4%, increasing their net position to $347.9 million, indicating positive investor sentiment [10] Group 3: Salesforce Inc. (NYSE: CRM) - Salesforce's stock forecast indicates a potential upside of 22.74%, with a target price of $365.32, supported by a moderate Buy rating from analysts [11] - Analysts from Canaccord Genuity Group have set a new valuation target of $400 per share for Salesforce, suggesting a 36% upside from current trading levels [12] - A 2.5% decline in Salesforce's short interest over the past month indicates a shift in sentiment towards bullishness, aligning with positive fundamental and technical factors [13]

Financial Data and Key Metrics Changes - eBay reported a GMV growth of over 2% to $19.3 billion in Q4 2024, with revenue growing 1% to $2.58 billion [48][49] - Non-GAAP operating income increased approximately 2% to $698 million, and non-GAAP earnings per share rose over 16% to $1.25 [48][60] - The company returned more than $1 billion to shareholders through repurchases and dividends [60] Business Line Data and Key Metrics Changes - Focus category GMV grew over 6% in Q4, significantly outpacing core categories, which saw modest growth [51][52] - Trading cards volume experienced double-digit growth, becoming the largest contributor to GMV growth in Q4 [15][51] - Motors Parts and Accessories (P&A) also contributed to growth, with double-digit inventory growth and mid-single-digit GMV growth for the second consecutive year [17][52] Market Data and Key Metrics Changes - U.S. GMV grew by 1% in Q4, driven by improved traffic trends and strong late-season holiday demand [52] - International GMV grew over 3% on an FX-neutral basis, with strong trends in cross-border trade, particularly from Greater China and Japan [53] - The U.K. initiative provided an incremental boost to both C2C and overall volumes, with double-digit improvements in C2C GMV growth [22][53] Company Strategy and Development Direction - eBay aims to continue innovating within existing focused categories and extend its playbook to new categories, particularly in collectibles and fashion [39][41] - The company plans to leverage AI to enhance user experiences and improve merchandising [39][44] - eBay is focused on optimizing the C2C experience in the U.K. and Germany while investing in its global buying hub [41][39] Management's Comments on Operating Environment and Future Outlook - Management noted that the macro environment remains dynamic, with resilient demand in the U.S. but weaker trends in the U.K. and Germany [110] - The company expects low-single-digit GMV growth in 2025 on an FX-neutral basis, with advertising, shipping, and financial services as key revenue drivers [71][74] - Management expressed confidence in the company's ability to generate sustainable long-term growth despite macro uncertainties [80] Other Important Information - eBay has set a 2045 net zero carbon emissions target and achieved 100% renewable energy sourcing for its offices and data centers in 2024 [37][38] - The company is targeting share repurchases of at least $2 billion in 2025 and has declared a quarterly dividend of $0.29 per share for Q1 2025 [79][80] Q&A Session Summary Question: eBay's position and exposure to changes in de minimis shipping, particularly regarding China - eBay's exposure to China accounts for approximately 10% of GMV, with 75% of Greater China volume already subject to tariffs [84] Question: Thoughts on the e-commerce discovery funnel and collaboration with OpenAI - eBay is focused on building agentic technology and sees partnerships as opportunities to enhance seller exposure and improve the shopping experience [88][90] Question: Focus category growth expectations for 2025 - Management expects continued momentum in focus categories, with significant growth opportunities in P&A and fashion [95][97] Question: Details on the Facebook Marketplace partnership - The partnership aims to broaden seller reach and enhance buyer trust through eBay's authenticity guarantee and checkout process [101][102] Question: Overall health of the consumer and its impact on eBay - Demand in the U.S. remains resilient, while trends in the U.K. and Germany are weaker due to lower consumer confidence [110] Question: GMV outlook and factors influencing growth - The company anticipates a deceleration from Q4 to Q1 due to strong holiday demand in Q4 and macroeconomic challenges [120][121] Question: Benefits from AI and proprietary LLMs - Over 10 million unique sellers have utilized eBay's Gen AI features, generating several billion dollars in GMV with high customer satisfaction rates [128]