Reuters: EBAY’s Mojo

April 26, 2023

Is EBAY regaining its innovative mojo?

Running Point and its chief investment officer, Michael Ashley Schulman, CFA, were quoted by Reuters in an article—by Yuvraj MalikEBay forecasts upbeat revenue as sneakers, refurbished items drive growth—regarding the outlook for EBAY’s revenue, earnings, and strategy.

The article was also picked up by, Yahoo Finance, MSN, Channel News Asia (Singapore), and others.

EBAY fights for relevance

Not surprised that EBAY beat sales and profits estimates in the first quarter. As consumers dwindle there excess pandemic savings and get savvy to inflationary income erosion and potential economic storms ahead, online deal marketplaces like EBAY should gain increased attention from those looking for bargains on everything from luxury items to common household necessities. They are even reaching further into the business-to-business (B2B) market for machinery and equipment.

EBAY has improved its seller tools and authentication services, and enabled unified listings and live events to boost its global e-commerce footprint. Yet even with all these innovtions, what many seem to miss is that EBAY is 1/3 the market cap of Shopify but with nearly 50% more revenue.

Quoted article excerpt is below:

“EBay seems to be gaining its original innovative mojo with improved payment, marketing, storage, user interface, and authentication,” said Michael Ashley Schulman, chief investment officer at Running Point Capital Advisors.

“Yet their potential earnings growth and turnaround capabilities don’t seem to be baked into the stock price.”

EBAY's Mojo
EBAY’s Mojo — Graphic design by

Just a couple of minutes ago, I signed a couple of bowling pins for some people. That’s a normal thing. Somebody will hand me something and say, ‘Draw a picture! Draw the Dude!’ They’re probably selling them on eBay or something.

Jeff Bridges

Disclosure: The opinions expressed are those of Running Point Capital Advisors, LLC (Running Point) and are subject to change without notice. The opinions referenced are as of the date of publication, may be modified due to changes in the market or economic conditions, and may not necessarily come to pass. Past performance is not indicative of future results. Forward-looking statements cannot be guaranteed. Running Point is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about Running Point’s investment advisory services and fees can be found in its Form ADV Part 2, which is available upon request. RP-23-46