Skip to main content

Market Overview

ChannelAdvisor Reports Amazon and eBay Same-Store Sales; Analysts Weigh In

Share:

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

DateFirmActionFromTo
Mar 2022Deutsche BankInitiates Coverage OnBuy
Feb 2022Tigress FinancialMaintainsBuy
Feb 2022Credit SuisseMaintainsOutperform

View More Analyst Ratings for AMZN

View the Latest Analyst Ratings

 

Related Articles (AMZN + EBAY)

View Comments and Join the Discussion!

Posted-In: ChannelAdvisor Sanjay Sakhrani Topeka CapitalAnalyst Color Earnings News Analyst Ratings

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com