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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. See the 10 stocks *Stock Advisor returns as of November 27, 2023 Leo Sun has no position in any of the stocks mentioned. billion $8.0 billion $15.6 billion $6.1
Etsy: 93% implied upside Etsy runs multiple online marketplaces, including Depop for fashion resale and Reverb for musical instruments. There is no guarantee that shareholders will see 93% returns any time soon, but patient investors who buy this undervalued growth stock today could be well rewarded five years down the road.
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.
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. The 10 stocks that made the cut could produce monster returns in the coming years. It sold 3,078 homes for $1.2
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. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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. The 10 stocks that made the cut could produce monster returns in the coming years. Revenue was $980 million, down from $3.4
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. The 10 stocks that made the cut could produce monster returns in the coming years.
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.
See the 10 stocks Stock Advisor returns as of July 3, 2023 This video was recorded on June 30, 2023. Ron Gross: As the first half of 2023 comes to a close, we've got some encouraging economic data, and earnings from Nike, and we'll look at how the housing market has held up so far this year. and Walmart wasn't one of them!
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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