eBay (EBAY)'s Numbers Were Extraordinary, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed & Continued To Talk About AI & Enterprise Software.  eBay Inc. (NASDAQ:EBAY) is one of the stocks Jim Cramer discussed.

Online marketplace eBay Inc. (NASDAQ:EBAY)’s shares are up by 22% over the past year and are down by 1% year-to-date. The firm has had a busy February after reporting its fiscal fourth quarter earnings and announcing its decision to acquire used clothes retailer Depop from Etsy. eBay Inc. (NASDAQ:EBAY)’s fourth quarter earnings saw the firm report $2.97 billion in revenue and $1.41 in adjusted earnings per share. The figures beat analyst estimates of $2.88 billion and $1.34. The firm’s gross merchandise volume of $21.2 billion also marked a strong 10% annual growth. Investment bank Morgan Stanley had discussed eBay Inc. (NASDAQ:EBAY)’s shares in mid-January, as per The Fly. The bank raised the marketplace operator’s share price target to $112 from $102 and kept an Overweight rating on the shares. As part of its coverage, Morgan Stanley outlined that investors are interested in firms using generative artificial intelligence and associated technologies to boost their return on invested capital (ROIC). Cramer commented on eBay Inc. (NASDAQ:EBAY)’s earnings and wondered whether the secondhand market was stronger:

“Although eBay numbers were really pretty extraordinary.

“And eBay, is there something societal about how eBay is doing? That secondhand market suddenly got stronger?”

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