ChannelAdvisor Reports Amazon and eBay Same-Store Sales; Analysts Weigh In
On Tuesday, ChannelAdvisor reported March same-store sales growth for Amazon (NASDAQ: AMZN) and eBay (NASDAQ: EBAY) at 26.2 percent and 17.8 percent, respectively. In addition to this, the ChannelAdvisor report noted that eBay's auctions were down 10 percent year-over-year while fixed-price sales were up 21.5 percent year-over-year.
In a reaction to this report, Topeka Capital Markets and KBW released notes commenting on the data. Topeka noted that the data was positive for both firms and stated, "Based on our analysis of the overall data for 1Q14, both Amazon and eBay should exceed our estimates, for, in Amazon's case, U.S. North American revenue growth, and in eBay's case, U.S. Non-Vehicles GMV growth."
KBW's noted focused on eBay specifically and concluded with KBW analyst Sanjay Sakhrani stating, "Overall, March data from ChannelAdvisor appears to have trended better than our expectations for the Marketplaces segment, with sequential acceleration in growth from 4Q13 (vs. our estimate of a seq. decline in growth rates). Additionally, we continue to be encouraged by the acceleration in fixed price growth over the last several months."
Possibly trading on this data, Amazon and eBay were up at 2.64 percent and 3.57 percent respectively at last check.
Latest Ratings for AMZN
Date | Firm | Action | From | To |
---|---|---|---|---|
Mar 2022 | Deutsche Bank | Initiates Coverage On | Buy | |
Feb 2022 | Tigress Financial | Maintains | Buy | |
Feb 2022 | Credit Suisse | Maintains | Outperform |
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Posted-In: ChannelAdvisor Sanjay Sakhrani Topeka CapitalAnalyst Color Earnings News Analyst Ratings