The online retailer’s same-store growth fell to 9.7% in July according to the report, down from 12.3% in June. Auctions fell -8.2% in the month, while fixed-price sales grew 12.8% and Motors grew 8% in July.
The lower numbers are a sign the eBay is still experiencing headwinds from Google’s (GOOGL) recent search algorithm changes and its own data breach in May according to ChannelAdvisor.
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TheStreet Ratings team rates EBAY INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate EBAY INC (EBAY) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. 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, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."