2 Reasons to Buy This E-Commerce Growth Stock
E-commerce is among the most compelling and lucrative secular growth stories in the world. Even after the pandemic meaningfully accelerated the space's overall demand, the category is still set to enjoy double-digit growth annually through 2027.
Perhaps partially as a result, Ozon Holdings (NASDAQ: OZON) -- an e-commerce giant in Russia -- received takeover interest from behemoths like Amazon and SoftBank, with SoftBank's Lydia Jett even obtaining a board of directors seat with Ozon. Here we will explore why their interest makes so much sense.
In the company's most recent quarter, results were fantastic across the board. Ozon's gross merchandise value (GMV) soared 135% year over year to 74.2 billion rubles ($1.02 billion) while it boosted its 2021 GMV growth guidance from 90% to 100% year over year. Other demand gauges were just as impressive. Revenue rose 67% year over year to $453 million and beat ambitious analyst estimates. Furthermore its total orders skyrocketed 161% to 13.1 million.
Source Fool.com
