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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 Active buyers were down 0.8%
Its growth accelerated in 2021 as the housing market recovered but slowed again in 2022 and 2023 as inflation and rising interest rates drove away potential buyers and sellers. Metric 2020 2021 2022 9M 2023 Revenue $2.6 billion $8.0 billion $15.6 billion $6.1 AI isn't a magic bullet that will solve all of Opendoor's recent problems.
Etsy: 93% implied upside Etsy runs multiple online marketplaces, including Depop for fashion resale and Reverb for musical instruments. However, certain Wall Street analysts believe the stocks are significantly oversold, creating a buying opportunity for investors. Let's take a closer look at these two undervalued growth stocks.
Demand is softening across the EV industry right now as consumers opt for cheaper gas-powered cars amid tough economic conditions headlined by high interest rates. Plus, a report by Goldman Sachs suggests consumers are concerned about a lack of rapid charging infrastructure , as well as the declining resale value of EVs in general.
That was the result of an overdone push into electric vehicles, whose resale values have plummeted, as well as its purchases of gas-powered vehicles a few years ago when their prices were soaring due to supply-chain-related shortages. On the bottom line, the company reported an adjusted loss of $0.68 per share, down from a profit of $0.70
Opendoor's struggles won't end until the housing market improves Opendoor operates an iBuying business, which means it buys properties for resale on its website and provides a digital marketplace for homes. 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 makes quick offers on homes without the need for staging and open houses, which benefits sellers, and it makes the necessary home improvements to have homes ready for resale, which benefits buyers. A better way to buy and sell homes Opendoor operates an iBuying platform connecting buyers and sellers. Revenue was $980 million, down from $3.4
Real estate is one industry that has been hurt severely by high interest rates. High mortgage rates mean homeowners aren't looking for new digs, which means fewer houses on the resale market. Opendoor was growing well before the real estate industry got slammed, and it should get back there when things start improving.
Revenue inched up 0.8%, helped by higher fees, but adjusted earningsbeforeinterest, taxes, depreciation, and amortization ( EBITDA ) and net income both declined. Over the last two years, GMS is down more than 8%, a clear sign that the business is in retreat.
They're going to start generating some of their EBITDA, or earningsbeforeinterest, taxes, and depreciation, and amortization of more than 600 million this quarter versus a loss of 928 million in Q2 22. You saw revenues more than double this quarter, ticket revenues up 144%, onboard revenues of 59%.
By relying on artificial intelligence (AI) and machine learning to find attractive values and price them for resale, and operating an online marketplace, Opendoor thinks it can improve the process and offer a better product. Beforeinterest rates went up, it was performing well, with high increases in revenue and many homes sold.
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