eBay Shares Drop 1.2% Despite 72.56% Trading Volume Surge to $610M Ranking 193rd in Market Activity

On July 30, 2025, eBay (EBAY) closed at a 1.20% decline despite a 72.56% surge in trading volume to $0.61 billion, ranking 193rd in market activity. The stock’s performance followed mixed reactions to its earnings report and strategic updates.

EBay reported Q2 adjusted earnings of $1.37 per share, exceeding estimates of $1.29, while revenue rose 6% year-over-year to $2.7 billion, outpacing forecasts. Gross Merchandise Volume (GMV) hit $19.5 billion, up 6% as reported, driven by advertising growth, collectibles demand, and AI-driven tools. The company raised third-quarter guidance, forecasting revenue of $2.69–$2.74 billion and adjusted EPS of $1.29–$1.34, both above analyst expectations.

Strategic initiatives highlighted include the U.K. launch of eBay Live, AI shopping agents for U.S. users, and a generative AI video tool for sellers. The Authenticity Guarantee program surpassed one million inspected items, reinforcing its focus on collectibles, luxury fashion, and trading cards. Leadership changes, including the appointment of Peggy Alford as CFO, and inventory adjustments to U.S. markets ahead of de minimis policy shifts were also noted.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day yielded a 166.71% return from 2022 to July 30, 2025. This outperformed the benchmark’s 29.18% return, with an excess return of 137.53% and a CAGR of 31.89%. The results underscore the strategy’s effectiveness in capturing high-volume momentum stocks over the period.