eBay Stock Crushes the S&P 500: Here’s Why It’s Dominating the Market on August 1, 2025

eBay's stock isn't just outperforming—it's lapping the competition. While traditional retailers struggle, the auction giant's shares are leaving the S&P 500 in the dust. Here's the breakdown.

The Algorithmic Edge

Rumors swirl about eBay's new AI pricing engine—dynamic enough to make Wall Street quants blush. Sellers report 20% higher closing prices, buyers keep biting, and the platform's cut keeps growing. Classic marketplace alchemy.

Second-Hand Gold Rush

Recession whispers have collectors liquidating everything from vintage watches to GPU mining rigs. eBay's taking vig on both the panic sellers and the bargain hunters. A volatility play dressed up as e-commerce.

The Cynic's Take

Let's be real—this rally reeks of short covering after last quarter's 'logistics hiccup' (read: fulfillment meltdown). But today? The street's buying the turnaround story hook, line, and sinker. Just don't look at the P/E ratio.

Key Takeaways

• Shares of eBay jumped Thursday as the company's quarterly results and outlook exceeded expectations.
• The auction site operator's stock has been the best-performing S&P 500 component Thursday.
• EBay's revenue, adjusted earnings, and gross merchandise volume all came in ahead of the Wall Street consensus, according to Visible Alpha.

Shares of eBay (EBAY) soared Thursday as the online auction-site operator posted better-than-expected quarterly revenue and profit and issued a strong outlook.

The stock traded 19% higher in recent trading, leading all companies on the S&P 500. Shares of eBay have surged nearly 50% in 2025.

Revenue for eBay's second quarter came in at $2.73 billion, up 6% year-over-year and above the analyst consensus from Visible Alpha. Adjusted earnings ROSE to $643 million, or $1.37 per share, from $602 million, or $1.19 per share a year earlier. 

EBay's gross merchandise volume rose 6% to $19.5 billion in the period, also topping estimates.

Looking ahead, eBay said it expects third-quarter revenue of $2.69 billion to $2.74 billion and adjusted EPS in the range of $1.29 to $1.34. Wall Street had called for $2.66 billion in revenue and EPS of $1.30.