eBay Inc

EBAY: XNAS (USA)

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EBay: Caramel Acquisition Should Bolster Vertical Services and Improve Customer Experience

Erin Lash , Ari Felhandler

Jan 14, 2025

On Jan. 13, narrow-moat eBay revealed an agreement to acquire Caramel, a vehicle-related software provider. Terms of the deal—which is expected to close in the first quarter of fiscal 2025—weren’t disclosed, though we don’t think the addition stands to have a significant effect on its financial prospects or our intrinsic valuation. As a result, there are no changes to our Standard Capital Allocation Rating or our $59 per share fair value estimate on the news.

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eBay Inc

EBay: Caramel Acquisition Should Bolster Vertical Services and Improve Customer Experience

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