3 Stunning Earnings Insights Show Why Coupang Is a Top E-Commerce Stock
In third-quarter earnings reported on Nov. 12, South Korea e-commerce juggernaut Coupang (NYSE: CPNG) announced quarterly sales growth of 48% year-over-year (YoY) but saw its shares drop 8% the following day. The sales increase was more than double South Korea's countrywide e-commerce growth rate of 20% -- a figure that has not gone below 20% growth for 12 straight quarters.
Coupang also grew its active customer base by 20% YoY to 16.8 million, marking its 15th straight quarter of 20% growth or more. In addition to this growth, three specific insights from Coupang's earnings show that it could become one of the premier e-commerce operations in the world -- and all at a lowered share price for investors.
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