EBAY
eBay Inc.
EBAY has slightly lower modeled downside risk, despite its lower overall score.
RACE
Ferrari N.V.
RACE has the edge over EBAY overall, supported by stronger valuation and stronger modeled upside.
EBAY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Stable |
EBAY's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
RACE Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Healthy |
RACE's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
EBAY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.9x | $31.50 | -74% |
| Fair | 16x | $71.96 | -40% |
| Forward | 18x | $120 | — |
| Expensive | 22x | $99.04 | -18% |
| Current | 26x | $120 | — |
Historical ranges are pointers, not guarantees.
EBAY's PE is in its expensive range at 26x. If earnings grow as analysts expect, today's price would be 18x next year's earnings.
RACE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 38x | $394 | -2.8% |
| Current | 40x | $405 | — |
| Fair | 48x | $490 | +21% |
| Expensive | 55x | $567 | +40% |
Historical ranges are pointers, not guarantees.
RACE has the edge over EBAY in the historical PE scenario, which offers more potential upside but is not a forecast.
EBAY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for EBAY, with profitability holding steady.
RACE Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
RACE has the edge over EBAY on the outlook, with more favorable profitability expectations.
EBAY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.63 | +45% |
| Q3 2026 | $4.57 | +0.4% |
| Q2 2026 | $4.82 | +7.3% |
| Q1 2026 | $4.40 | +6% |
| Q4 2025 | $4.34 | +10% |
| Q3 2025 | $4.55 | +15% |
| Q2 2025 | $4.49 | -12% |
| Q1 2025 | $4.15 | -17% |
| Q4 2024 | $3.94 | -24% |
EBAY's earnings per share have fallen from their peak: $4.57 over the past year, against $20.25 in late 2021.
RACE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $10.25 | +3.7% |
| Q1 2026 | $10.00 | +2.2% |
| Q4 2025 | $9.95 | +6% |
| Q3 2025 | $9.94 | +13% |
| Q2 2025 | $9.88 | +16% |
| Q1 2025 | $9.78 | +22% |
| Q4 2024 | $9.39 | +22% |
| Q3 2024 | $8.82 | +22% |
RACE has the edge over EBAY on earnings, with more consistent year-over-year improvement.
EBAY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.2B | +14% |
| Q2 2026 | $3.1B | +15% |
| Q1 2026 | $3.1B | +19% |
| Q4 2025 | $3B | +15% |
| Q3 2025 | $2.8B | +9.5% |
| Q2 2025 | $2.7B | +6.1% |
| Q1 2025 | $2.6B | +1.1% |
| Q4 2024 | $2.6B | +0.7% |
EBAY has the edge over RACE on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | -1.2 points |
| Q2 2026 | 22% | +3.8 points |
| Q1 2026 | 20% | -4 points |
| Q4 2025 | 20% | -0.8 points |
| Q3 2025 | 20% | -2.7 points |
| Q2 2025 | 18% | -3.6 points |
| Q1 2025 | 24% | -0.9 points |
| Q4 2024 | 21% | +5.1 points |
EBAY's operating margin was 19% last quarter, down 1.2 points from the same quarter a year ago.
RACE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2.1B | +8.2% |
| Q1 2026 | $2.1B | +3.2% |
| Q4 2025 | $2B | +3.8% |
| Q3 2025 | $2B | +7.4% |
| Q2 2025 | $2B | +4.4% |
| Q1 2025 | $2B | +13% |
| Q4 2024 | $1.9B | +14% |
| Q3 2024 | $1.8B | +6.5% |
RACE's revenue has grown year over year for 23 quarters in a row: $2.1B last quarter, up 8.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 32% | +0.6 points |
| Q1 2026 | 30% | -0.9 points |
| Q4 2025 | 28% | +1.4 points |
| Q3 2025 | 28% | -0.2 points |
| Q2 2025 | 31% | +1.4 points |
| Q1 2025 | 31% | +2.5 points |
| Q4 2024 | 27% | +2.4 points |
| Q3 2024 | 29% | +1 points |
RACE has the edge over EBAY on profitability, with a higher operating margin.
EBAY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $749M | -6.7% |
| Q2 2026 | $300M | +$741M |
| Q1 2026 | $897M | +39% |
| Q4 2025 | $466M | -17% |
| Q3 2025 | $803M | +24% |
| Q2 2025 | -$441M | -259% |
| Q1 2025 | $644M | +36% |
| Q4 2024 | $560M | +$564M |
EBAY generated $2.4B in free cash flow over the past year, up 54% from the year before.
RACE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $366.1M | +111% |
| Q1 2026 | $812.8M | +17% |
| Q4 2025 | $1.6B | +545% |
| Q3 2025 | $525.1M | -2.8% |
| Q2 2025 | $173.2M | +229% |
| Q1 2025 | $692.2M | +101% |
| Q4 2024 | $242.1M | +2.9% |
| Q3 2024 | $540.3M | +64% |
RACE has the edge over EBAY on cash flow, with more consistent year-over-year improvement.
EBAY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -2M shares |
| 1 year | -3% | -14M shares |
| 3 years | -15% | -79M shares |
| 5 years | -31% | -205M shares |
| Available history | -44% | -359M shares |
EBAY has the edge over RACE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $664M |
| Q2 2026 | $323M |
| Q1 2026 | $486M |
| Q4 2025 | $635M |
| Q3 2025 | $626M |
| Q2 2025 | $624M |
| Q1 2025 | $615M |
| Q4 2024 | $911M |
EBAY spent $2.1B buying back its own shares over the past year, down 24% from the year before.
RACE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -891K shares |
| 1 year | -1.1% | -2M shares |
| 3 years | -2.9% | -5.3M shares |
| 5 years | -4.6% | -8.6M shares |
| Available history | -5.8% | -10.9M shares |
RACE has 176M diluted shares, down 1.1% from a year ago, with $1.5B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $231.8M |
| Q1 2026 | $251.8M |
| Q4 2025 | $872.4M |
| Q3 2025 | $147.1M |
| Q2 2025 | — |
| Q1 2025 | $470.7M |
| Q4 2024 | $167.2M |
| Q3 2024 | $163.1M |
RACE spent $1.5B buying back its own shares over the past year, up 88% from the year before.
EBAY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 1.5x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.8x | Healthy |
| Q3 2025 | 1.7x | Healthy |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 1.9x | Healthy |
EBAY's net debt is about 1.9 years of its operating earnings (EBITDA), up from 1.7 years a year ago.
RACE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.4x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.5x | Very low |
| Q2 2025 | 0.6x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.6x | Very low |
| Q3 2024 | 0.6x | Very low |
RACE has the edge over EBAY on leverage, with a lower net debt burden relative to earnings.
EBAY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.9 | Neutral |
| Stochastic | 80.0 | Overbought |
EBAY's weekly RSI is 62 (neutral) and its Stochastic is 80 (overbought).
RACE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.4 | Neutral |
| Stochastic | 47.3 | Neutral |
RACE's weekly RSI is 54 (neutral) and its Stochastic is 47 (neutral).
EBAY PE vs Consumer Cyclical Sector
| Metric | EBAY | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 18x | 46% above |
| PE % | 91 | 47 | 44 pts above |
EBAY has the edge over RACE on valuation relative to its sector.
RACE PE vs Consumer Cyclical Sector
| Metric | RACE | Sector median | Relative |
|---|---|---|---|
| PE | 40x | 18x | 119% above |
| PE % | 21 | 47 | 26 pts below |
RACE is trading at 40x earnings, a 119% premium to the Consumer Cyclical sector's median of 18x, though its earnings don't support one.
EBAY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $116.5 | 3.1% above |
| 20 week MA | $112.4 | 6.9% above |
| 50 week MA | $102.6 | 17% above |
| 100 week MA | $89.8 | 34% above |
| 200 week MA | $69.5 | 73% above |
EBAY has the edge over RACE on trend strength, trading above more of its moving averages.
RACE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $399.8 | 1.4% above |
| 20 week MA | $400.3 | 1.3% above |
| 50 week MA | $372.0 | 9% above |
| 100 week MA | $412.7 | 1.7% below |
| 200 week MA | $388.6 | 4.3% above |
RACE's trend is mixed: it's above four of its five weekly moving averages, and 4.3% above its 200-week average.
EBAY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $36.1 | $50.1 | +39% |
| 2021 | $50.1 | $64.9 | +29% |
| 2022 | $64.9 | $40.2 | -38% |
| 2023 | $40.2 | $43.6 | +8.6% |
| 2024 | $43.6 | $62.8 | +44% |
| 2025 | $62.8 | $85.2 | +36% |
| 2026 YTD | $85.2 | $120.1 | +41% |
EBAY has the edge over RACE on returns for 2026, with the stronger performance.
RACE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $168.7 | $225.5 | +34% |
| 2021 | $225.5 | $253.5 | +12% |
| 2022 | $253.5 | $211.0 | -17% |
| 2023 | $211.0 | $338.4 | +60% |
| 2024 | $338.4 | $432.2 | +28% |
| 2025 | $432.2 | $378.1 | -13% |
| 2026 YTD | $378.1 | $405.5 | +7.2% |
RACE has finished higher in four of the last six years. It's up 7.2% so far in 2026.