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Best 4-Ecommerce Stocks to buy (Or Sell) Today

Published by

July 25, 2024 2:51 PM
(GMT+2)

With the COVID-19 pandemic highlighting the convenience of e-commerce, consumers are spending more than ever before through online shopping.This development could just be the tip of the iceberg for the industry, as we witness industry leaders such as Alibaba expanding internationally with great intent over the past few years.Top E-commerce stocks in the stock market right now Carvana Co (NYSE:CVNA)Through Carvana’s commerce platform, consumers can buy used cars and complete the entire process, whether it is 360-degree vehicle imaging technology, obtaining financing or scheduling delivery or pick-up, from a desktop or mobile device. On Friday, the Company delivered its third-quarter financial result in which it was able to deliver over 11,000 cars to its customer for the cover. These results represent a 74% growth year-over-year.It also announced a partnership with Hertz in which Hertz will utilize Carvana’s online transaction technology and logistics network to expand vehicle disposition channels. This collaboration will most certainly benefit both channels and makes a noteworthy stock to consider. Etsy Inc (NASDAQ:ETSY)Etsy Operates two-sided online marketplaces that connect people and buyers and sellers around the world. The primary marketplace Etsy.com is the global destination for creative goods. The Company offers sellers a range of tools and services that address essential business needs. The Company reported a consolidated GMS of $3.1 billion when it announced third-quarter earnings earlier this month. Etsy’s consolidated revenue also grew 17.9% to $532.4 million and, coincidentally, represents an increase of 17.9% year-over-year.“The Etsy House”, an augmented-reality feature that allows buyers to shop in a digital home with curated items, was also launched. Given these considerations, Etsy might be a top e-commerce stock to buy now. eBay Inc (NASDAQ:EBAY)eBay is a Global commerce company, which includes its marketplace platform. The Company’s technologies and services are designed to give buyers a choice and relevant inventory and enable sellers to offer their inventory for sale virtually anytime and anywhere. A new destination for like-new products, eBay Refurbished, allows shoppers to discover refurbished items from brands like Apple, Samsung, and more. Since the start of the year, eBay stock has impressively climbed more than 40%. During its third quarter, the Company reported revenue of $2.5 billion, an increase of 11% year-over-year. Considering the financials of the Company, eBay stock may have room to run.Shopify Inc (NYSE:SHOP)Shopify provides a cloud-based, multi-channel commerce platform designed for small and medium-sized businesses by offering subscription and merchant solutions. In the latest third-quarter financial report, Shopify announced total revenue of $1.12 billion, an increase of 46% year-over-year. Its gross merchandise value (GMV) was $41.8 billion, representing an increase of 35% compared to the prior year’s quarter.Respectively, SHOP stock has risen more than 50% over the past year and begs an intriguing opportunity to invest in SHOP stocks.Which stock will you INVEST in today?

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