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What happened Shares of ThredUP (NASDAQ: TDUP) popped today after the clothing resale specialist posted better-than-expected results in its second-quarter earnings report even as growth remains slow and the company is unprofitable. The stock closed up 26.1% on the news. So what Revenue rose 8% to $82.7
Opendoor (NASDAQ: OPEN) seemed like a promising growth stock when it went public by merging with a special purpose acquisition company (SPAC) in Dec. The online real estate company streamlined home sales by making instant cash offers for homes, repairing those properties, and relisting them for sale on its online marketplace.
Etsy: 93% implied upside Etsy runs multiple online marketplaces, including Depop for fashion resale and Reverb for musical instruments. The company is using artificial intelligence to not only personalize search results but also to selectively surface high-quality products.
Cathie Wood is the head of Ark Investment Management, which operates several exchange-traded funds (ETFs) focused on innovative technology companies. In fact, by 2029, Ark predicts a whopping 86% of Tesla's earnings will come from something else entirely. Image source: Tesla. It certainly proved them wrong, and it delivered a record 1.8
The company also recorded a $1 billion impairment charge in the quarter due to a decline in its fleet residual values. Adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) fell from a profit of $359 million in the prior-year quarter to a loss of $157 million this time due to increased vehicle depreciation.
There wasn't any news specific to Opendoor in April, but the market was pessimistic due to stubborn inflation, and companies like Opendoor that are affected by inflation took a strong hit from the negative sentiment. It purchased almost 4,000 homes in the 2024 first quarter, almost double last year's figure. It sold 3,078 homes for $1.2
It should lead to improvements in spending, which will lift revenue at retailers and other companies across the country. That's good for business overall, but it's crucial for some companies that have been experiencing a serious downturn in sales. Real estate is one industry that has been hurt severely by high interest rates.
Revenue inched up 0.8%, helped by higher fees, but adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) and net income both declined. Other consumer discretionary companies have returned growth as well. million, showing the company is having trouble attracting new customers.
With the slight sell-off there, as well as the raised earnings guidance, this still puts the stock around 33 times the full-year forecast. It's a little bit of a lofty multiple [inaudible] for this company. Foley has been with the company for about a decade, very experienced in this space. Jason Moser: I'm an OG.
The real estate technology company, once a market darling, has been crushed under the weight of higher interest rates. Learn More Why Opendoor could disrupt real estate Opendoor is one of several real estate companies that are using digital means to disrupt the industry. Real estate is one of the largest industries in the U.S.,
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