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Is Coupang Stock a Buy Now?

TheMotleyFool

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Coupang's (NYSE: CPNG) stock price surged 19% on May 12 following the release of its first-quarter earnings report. The South Korean e-commerce leader's revenue rose 22% year over year to $5.12 billion, or 32% in constant currency terms, but missed analysts' expectations by about $130 million.

However, Coupang's net loss narrowed from $295 million to $209.3 million, or $0.12 per share, which exceeded expectations by $0.16. On an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis, its loss narrowed from $133 million to $90.9 million.

Image source: Getty Images.

Source Fool.com

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