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Is Coupang Stock a Buy?

TheMotleyFool

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Coupang (NYSE: CPNG), the top e-commerce company in South Korea, posted its second-quarter numbers on Aug. 11. Its revenue growth exceeded Wall Street's expectations, but a wider-than-expected loss caused its stock to plunge below its IPO price of $35 a share. Does that sell-off represent a buying opportunity for long-term investors?

Coupang's revenue rose 71% year over year (57% on a constant currency basis) to $4.48 billion, beating estimates by $50 million and marking its 15th consecutive quarter of more than 50% year-over-year constant currency sales growth.

Image source: Getty Images.

Source Fool.com

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