eBay (EBAY) Q2 Listings Tracking 27% Higher -AmTech
More News related to EBAY
- Unusual 11 Mid-Day Movers 7/17: CATS, DSL, MTG, CNB Higher; CHB, TTEC, IIIN, VCLK Lower
- Color on AmTech Downgrade of eBay (EBAY)
- David Moenning's Daily State of the Markets: 7/17
- Notable Analyst Rating Changes 7/17: CMCSA, RIO, MI, PFCB Upgraded; WFC, EBAY, SBUX, LSTR Downgraded
- Merrill Lynch Downgrades eBay (EBAY) to Neutral
More News related to Analyst Comments
- Wachovia Comments on Mylan (MYL) After TEVA/BRL Merger
- Davenport Raises Estimates on Media General (MEG)
- Citi Maintains 'Buy' Rating on Microsoft (MSFT), Drops Price Target
- Piper Jaffray Downgrades Infinity Property and Casualty (IPCC) To Neutral
- Canaccord Reiterates Buy on Potash (POT)
American Research Technology issued a research report this morning on eBay (Nasdaq: EBAY), highlighting the company's listings so far in the second quarter. AmTech remains Neutral on eBay and has a $35 price target on the stock.
The firm said that eBay's core listings since the end of Q1 are tracking up 27% year-over-year, compared to an acceleration versus 9% in Q1. Using this data to extrapolate out till the end of Q2, AmTech expects eBay to report total listings of 710 million in Q2, representing 27% growth year-over-year, or 12% sequentially from Q1.
Breaking down these listings geographically, AmTech is tracking growth of 27% Y/Y in Asia/Pacific, growth of 35% in Europe and growth of 20% in North America. AmTech said, "Given the fact that eBay's non-U.S. geographies are growing faster -- and in light of our belief that the lows for the USD are already in place -- we are incrementally cautious vis-Ã -vis eBay's ability to generate substantial upside to Street estimates."
AmTech notes that eBay's listings growth could be less correlated to revenue growth than previously due to "substantial changes that eBay has been making to its fee structure..." Still, the firm calls these listings counts a "valuable indicator of buyer/seller activity on the sites."
eBay, Inc. and its subsidiaries provide online marketplaces for the sale of goods and services, online payments services, and online communications offerings to individuals and businesses in the United States and internationally.
Related Categories
Analyst CommentsStocks Mentioned
-0.22Related Entities
Comments View All Comments
Buy has over half million listings
The seller name buy or as it is commonly called buy.com has over half a million listings. Some titles just say NEW with no description of product within the listing, only a picture. Gobs of items in the wrong categories, and when asked questions, I received canned answers that didn't address anything in my question. Canned answers of no help are exactly what eBay gives its customers. A perfect fit, Buy and eBay. What ever happened to pride in a business and offering great customer service? I will continue to sell a few things, but this former power seller will never be one again, because I have lowered my listing volume. Everything pretty much sells only for opening price anyway, no matter how many items I list. It's sad not to get those bidding wars to drive prices up. It used to happen a lot. Has anyone thought how eBay's demise might hurt the thrift stores? I certainly won't be buying at them at the same volume.
Maybe in an alternate reality...
Fact is they're getting tricksy on UK and Aussie sites... Germany is not happy... yadda, yadda. So, you must be applying some Clinstone mathematics to arrive at these metrics. You might be selling, but I ain't buyin' -thanks anyhow.
eBay false reports
PowerSellers are leaving eBay by the thousands every day. Ebay continues to fudge the numbers. The stock will make new lows before new highs. Greatest short in the market with its daily high volume
eBay mis states listing figures
eBay is deliberately mis stating listing figures by adding listings from eBay Canada to listings in the USA. The obvious examples can be found by simply browsing the DVD section and looking at the number of items with shipping listed higher than $6.00. This is taking place in catagories across eBay. The inflated numbers in no way reflect sales which eBay refuses to release, and with lowered listing fees, does not mean eBay is at all on track to generate higher revenues.
Sign up for StreetInsider Free!
Recieve full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
Sellers are leaving ebay
Nick on Jun 3, 2008 02:44 PMI read on ebay's boards. Sellers are leaving ebay. No just by words, many sellers and power sellers including me are closing their ebay store and stop listing. I think ebay fake listing just to make it looks good for investors. I have read an article about new ebay CEO, he said ebay is the largest ecommerce provider but still look like FLEA MARKET! I sold my ebay stocks right away after I read that article. His intention is to drive ebay away from what make it so success.