3 Ways COVID-19 Shifts Boosted eBay's Business
eBay's (NASDAQ: EBAY) business has shined through the early phases of the COVID-19 pandemic. The online marketplace has benefited from the stampede toward e-commerce shopping as more small businesses moved into that channel. eBay also saw major gains from its asset-light operating model that helps it stand out from more integrated rivals like Walmart and Amazon. These wins have helped the stock gain over 50% so far in 2020 compared to a 5% increase in the broader market.
Let's look at a few of the biggest ways that eBay's business seems fundamentally stronger in today's selling environment.
It would be an understatement to say that COVID-19 had a dramatic impact on eBay's usage figures. In the four quarters leading up to the pandemic-influenced Q2, after all, the company posted flat or declining global sales volumes. Its best result in the core U.S. market on that score was a 4% decline, in fact, and its worst was a 9% drop.
Source Fool.com
