eBay's same-store sales grew 12.3% in June, up from May's increase of 11.5%. The data suggests that the toll taken by the online retailer's recent data break and changes to Google's (GOOGL) Search algorithm may be abating.
Same-store sales for Auctions fell -19% in June, while same-store sales for fixed-price sales grew 18.4% and Motors grew 10.4% in the month.
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TheStreet Ratings team rates EBAY INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate EBAY INC (EBAY) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself."