eBay (EBAY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
EBay plans to make it easier to buy and sell vehicles on its platform by acquiring online automotive transaction solution provider Caramel. Caramel's platform facilitates vehicle sales on its own site or app, through independent dealers, or through its marketplace and auction partners, eBay said in a Jan. 15 press release.
E-commerce giant eBay has announced plans to acquire Caramel, a startup that helps car sellers and buyers complete the final steps of the transaction — including verification, financing, paperwork, ownership transfer, insurance, and more.
Meta Platforms' partnership with eBay to list items on Facebook Marketplace is expected to boost eBay's user growth and transaction volume. eBay's aggressive share repurchase program and solid dividend yield already made the stock an attractive investment. The stock only trades at 13x '25 EPS targets, and any GMV growth from the Facebook integration will make eBay even cheaper.
The stock price of eBay (NASDAQ: EBAY) saw a 10% jump on Wednesday, January 8, after Meta announced that it would allow certain eBay listings to appear on Facebook Marketplace. A collaboration with Meta might strengthen eBay's competitive standing in the e-commerce landscape.
Shares of eBay (NASDAQ: EBAY) surged nearly 10% on January 8, closing at a 52-week high of $69.40. The rally followed an announcement by Meta Platforms (NASDAQ: META) allowing eBay listings to appear on Facebook Marketplace.
eBay stock price went parabolic on Wednesday after the company received some good news from Meta Platforms, the biggest social media company globally. The stock surged to a high of $71.50, its highest point since November 2021, continuing a trend that started in October when it bottomed at $31.
Shares of eBay (EBAY) surged Wednesday after Meta Platforms (META) said some listings on the auction site will be included in Facebook Marketplace.
Major U.S. equities indexes were mixed on Wednesday as the minutes from last month's Federal Reserve meeting revealed some uncertainty about the trajectory of inflation and suggested that policymakers will adopt a cautious approach to interest-rate cuts in 2025.
Shares of online marketplace eBay (EBAY 9.51%) jumped to three-year highs on Wednesday thanks to an unlikely collaboration. Meta Platforms (META -0.81%) is facing regulatory pressure in Europe.
Meta said Wednesday that it will allow some Facebook users to view eBay listings on its Marketplace service, as it tries out a possible way to resolve European Union charges of anticompetitive behavior that the bloc leveled last year.
Shares of eBay soared 12% Wednesday as Meta said it will allow some listings to show up on Facebook Marketplace. The rollout will begin with a test in Germany, France and the United States.