EBAY Stock Recent News

EBay plans to make it easier to buy and sell vehicles on its platform by acquiring online automotive transaction solution provider Caramel. Caramel's platform facilitates vehicle sales on its own site or app, through independent dealers, or through its marketplace and auction partners, eBay said in a Jan. 15 press release.

E-commerce giant eBay has announced plans to acquire Caramel, a startup that helps car sellers and buyers complete the final steps of the transaction — including verification, financing, paperwork, ownership transfer, insurance, and more.

Caramel's end-to-end online automotive transaction platform enhances safety and convenience for every vehicle sale through a modern ecommerce experience SAN JOSE, Calif. , Jan. 13, 2025 /PRNewswire/ -- eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, announced today that it has signed a definitive agreement to acquire Caramel, an end-to-end online automotive transaction solution provider.

Meta Platforms' partnership with eBay to list items on Facebook Marketplace is expected to boost eBay's user growth and transaction volume. eBay's aggressive share repurchase program and solid dividend yield already made the stock an attractive investment. The stock only trades at 13x '25 EPS targets, and any GMV growth from the Facebook integration will make eBay even cheaper.

The stock price of eBay (NASDAQ: EBAY) saw a 10% jump on Wednesday, January 8, after Meta announced that it would allow certain eBay listings to appear on Facebook Marketplace. A collaboration with Meta might strengthen eBay's competitive standing in the e-commerce landscape.

With eBay experiencing stagnation in its business, the integration of its listings into the Facebook Marketplace may provide the boost it desperately needs.

Shares of eBay (NASDAQ: EBAY) surged nearly 10% on January 8, closing at a 52-week high of $69.40. The rally followed an announcement by Meta Platforms (NASDAQ: META) allowing eBay listings to appear on Facebook Marketplace.

eBay stock price went parabolic on Wednesday after the company received some good news from Meta Platforms, the biggest social media company globally. The stock surged to a high of $71.50, its highest point since November 2021, continuing a trend that started in October when it bottomed at $31.

The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

Shares of eBay (EBAY) surged Wednesday after Meta Platforms (META) said some listings on the auction site will be included in Facebook Marketplace.