CompetitionThe emergence of competitive dynamics, such as Walmart launching a used-good marketplace, poses a potential risk.
Financial PerformanceEBay’s current multiple at 15x ’25 GAAP P/E may have limited upside potential considering lower top-line growth below retail sector and eCommerce at 9% per DOC data.
Market TrendsReported total Marketplace GMV is expected to decline by 0.6% year over year, aligning with the consensus.