Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at EverQuote (NASDAQ:EVER) and its peers.
Marketplaces have existed for centuries. Where once it was a main street in a small town or a mall in the suburbs, sellers benefitted from proximity to one another because they could draw customers by offering convenience and selection. Today, a myriad of online marketplaces fulfill that same role, aggregating large customer bases, which attracts commission-paying sellers, generating flywheel scale effects that feed back into further customer acquisition.
The 12 online marketplace stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 1.7% while next quarter’s revenue guidance was in line.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 11% since the latest earnings results.
EverQuote (NASDAQ:EVER)
Aiming to simplify a once complicated process, EverQuote (NASDAQ:EVER) is an online insurance marketplace where consumers can compare and purchase various types of insurance from different providers
EverQuote reported revenues of $147.5 million, up 165% year on year. This print exceeded analysts’ expectations by 10%. Overall, it was an exceptional quarter for the company with EBITDA guidance for next quarter exceeding analysts’ expectations.
“I am proud of our remarkable team and our financial accomplishments in 2024. We grew revenue by 74% year-over-year to cross the $500 million mark for the first time, increased Adjusted EBITDA to almost $60 million, and finished the year with over $100 million of cash on the balance sheet, and no debt,” said Jayme Mendal, CEO of EverQuote.
EverQuote scored the fastest revenue growth of the whole group. The stock is up 29.5% since reporting and currently trades at $26.09.
Is now the time to buy EverQuote? Access our full analysis of the earnings results here, it’s free.
Best Q4: MercadoLibre (NASDAQ:MELI)
Originally started as an online auction platform, MercadoLibre (NASDAQ:MELI) is a one-stop e-commerce marketplace and fintech platform in Latin America.
MercadoLibre reported revenues of $6.06 billion, up 37.4% year on year, outperforming analysts’ expectations by 2.8%. The business had an exceptional quarter with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ number of unique active users estimates.
Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 6.1% since reporting. It currently trades at $1,989.
Is now the time to buy MercadoLibre? Access our full analysis of the earnings results here, it’s free.
Weakest Q4: Teladoc (NYSE:TDOC)
Founded to help people in rural areas get online medical consultations, Teladoc Health (NYSE:TDOC) is a telemedicine platform that facilitates remote doctor’s visits.
Teladoc reported revenues of $640.5 million, down 3% year on year, in line with analysts’ expectations. It was a softer quarter as it posted full-year EBITDA guidance missing analysts’ expectations.
Teladoc delivered the slowest revenue growth in the group. The company reported 93.8 million users, up 4.7% year on year. As expected, the stock is down 18.9% since the results and currently trades at $8.92.
Read our full analysis of Teladoc’s results here.
ACV Auctions (NASDAQ:ACVA)
Founded in 2014, ACV Auctions (NASDAQ:ACVA) is an online auction marketplace for car dealers and wholesalers to buy and sell used cars.
ACV Auctions reported revenues of $159.5 million, up 34.8% year on year. This number surpassed analysts’ expectations by 2.4%. However, it was a slower quarter as it recorded full-year EBITDA guidance missing analysts’ expectations.
The company reported 183,497 units sold, up 27.4% year on year. The stock is down 33.2% since reporting and currently trades at $13.76.
Read our full, actionable report on ACV Auctions here, it’s free.
CarGurus (NASDAQ:CARG)
Bringing transparency to a sometimes opaque process, CarGurus (NASDAQ:CARG) is a digital marketplace where auto dealers can connect with potential customers and where car buyers can browse, purchase, and obtain financing.
CarGurus reported revenues of $228.5 million, up 2.4% year on year. This result missed analysts’ expectations by 1.8%. It was a slower quarter as it also logged revenue guidance for next quarter below analysts’ expectations.
The company reported 32,010 users, up 3.5% year on year. The stock is down 9.6% since reporting and currently trades at $33.99.
Read our full, actionable report on CarGurus here, it’s free.
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