MercadoLibre's revenue is growing at its fastest pace in four years, yet the stock keeps sliding while profits shrink and earnings estimates drift lower.
MercadoLibre (NASDAQ:MELI | MELI Price Prediction) has spent a year punishing shareholders for growing faster. Shares trade at $1,829.56, down 9.17% year to date and 18.56% over the past year.
An election shock sent Brazil's biggest ETF surging, and one billionaire investor had a massive stake sitting quietly on the books since June. Whether that position survived the months between then and today is the question nobody can answer yet.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Mercado Libre CFO Martin de los Santos joins Ann Berry to discuss how his company is growing e-commerce across Latin America. With 30 straight quarters of revenue growth, Martin shares how Mercado Libre focuses on removing the friction of e-commerce and how the company is using fintech to fill the gaps for customers.
MercadoLibre currently holds a clear advantage in revenue momentum, as its continuous upward trajectory recently allowed it to surpass Coupang in quarterly results. MercadoLibre recorded steady, uninterrupted quarter-over-quarter growth throughout the last two years, while Coupang experienced a more moderate, fluctuating pattern.
MercadoLibre dominates Latin American e-commerce and fintech with rapid growth. Uber Technologies has transitioned into a highly profitable global leader in mobility and delivery.