Why eBay Stock Is the Steady Performer You Can't Ignore

eBay Inc. (NASDAQ: EBAY) is the world's largest online auction site connecting buyers and sellers worldwide. It was one of the first consumer-to-consumer (C2C) online auction sites on the internet, and it's nearing its 30th birthday. eBay is no longer the hypergrowth e-commerce stock it once was; it is a stable and steady blue-chip internet stock that remains profitable with a solid balance sheet and liquidity. Its shares are coming off a 52-week high. eBay operates in the computer and technology sector and competes with online auction and eCommerce marketplaces, including Etsy Inc. (NASDAQ: ETSY), Amazon.com Inc., Mercari Inc. (OTC: MCARY) and Alibaba Group Holding Ltd. Capitalizing on the Collectibles Market eBay is one of the largest sites for collectibles auctions and sales. It charges a 13% fee to sellers for sold items. Hobbyists and collectors of comic books, Funko Inc. (NASDAQ: FNKO), Funko Pops, trading cards, sneakers, handbags, watches, and antiques from all over the world gather to bid on collectible items. Collectibles was the second largest contributor to gross merchandise volume (GMV) in its second-quarter of 2024 earnings report. Partnering With PSA: Grading and Authentication eBay has made several deals with Collectors, the parent company of Professional Sports Authenticator (PSA). PSA is a widely used third-party grading and authentication service that focuses on authenticating, grading, and encapsulating trading cards, autographs, toys, and Funko Pops. Graded cards sell for much more money than raw cards. eBay transferred trading card assets to the PSA vault for holding. PSA customers can easily sell their graded and encapsulated cards from the PSA vault on eBay at any time without having to wait for their cards to be shipped back to them to ship out to the buyers. eBay also completed the acquisition of Goldin Auctions, a premium auction house for collectibles, from Collectors. Goldin has gained mainstream popularity thanks to its Netflix Inc. (NASDAQ: NFLX) series "King of Collectibles" which is streaming for a second season. Refurbished Inventory and Authentication Guarantee Growth eBay expanded its refurbished service to include golf clubs. It's launched stores for ...