We expect to see the most severe impact from Covid-19 in Q2, but recovery thereafter. We expect focus to be on improved traffic trends into Q3. Another investor focus is the outcome of the sale of eBay classifieds (ECG), where reportedly Adevinta, Prosus and private equity are interested. This may be a near-term catalyst, as eBay’s CEO has stated that he expects to share an update by mid-year on ECG. Our Buy rating stands firm.
07 Jul 2020
The outcome of eBay classifieds likely soon
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The outcome of eBay classifieds likely soon
We expect to see the most severe impact from Covid-19 in Q2, but recovery thereafter. We expect focus to be on improved traffic trends into Q3. Another investor focus is the outcome of the sale of eBay classifieds (ECG), where reportedly Adevinta, Prosus and private equity are interested. This may be a near-term catalyst, as eBay’s CEO has stated that he expects to share an update by mid-year on ECG. Our Buy rating stands firm.