Munger Mode rating: 3 out of 5 — Hold. Our own rating from the research report below, on business quality first: moat durability and management, with price separating the top three.
Current Price (intraday, Apr 29, 2026): ~$84.50 Market Capitalization: ~$37.5B (444M shares outstanding × ~$84.50) We have spent a fair amount of time looking at eBay over the years. Like an old yard sale we have walked past many times, we know its merchandise well — and we have always been struck by how much value sits on the tables relative to the foot traffic. The Q1 2026 10-Q just landed on our desk, and the numbers are interesting enough that we want to put down on paper what we see, what we like, and where we get nervous. This is not a Coca-Cola or an American Express. It is a perfectly serviceable, cash-spinning auctioneer of pre-owned and enthusiast goods that has spent the better part of a decade managing decline rather than growth.
Recent filings analysed: 10-Q (2026-08-06), 8-K (2026-08-05), 8-K (2026-06-18), 8-K (2026-05-12).
Stock screener · Superinvestor 13F holdings · Analyst sentiment · Market valuation