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Is MercadoLibre Stock a Buy?

TheMotleyFool

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MercadoLibre's (NASDAQ: MELI) stock price rose 5% on Nov. 5 after the Latin American e-commerce giant posted its third-quarter earnings.

Its revenue rose 66% year over year (73% on a constant currency basis) to $1.86 billion, which narrowly missed estimates by $30 million. However, its net income skyrocketed more than sixfold to $95.2 million, or $1.92 per share, which easily beat expectations by $0.63 a share. Excluding income tax expenses, its net income increased 139% to $126.1 million.

MercadoLibre's growth rates were impressive, but should you buy its stock as reopening trends curb the market's appetite for e-commerce investments?

Source Fool.com

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