Q2 GMV On Track For eBay, Says Baird - eBay Inc. (NASDAQ:EBAY), Amazon.com, Inc. (NASDAQ:AMZN)

Baird said its eBay Inc (NASDAQ: EBAY) tracker suggests steady growth trends in May, showing the month's volumes grew in the mid-single-digit range year-over-year, generally consistent with its April results. "With April and May data combined, we believe that Q2 GMV is on track for eBay, although we have yet to see a meaningful boost from recent structured data and product page improvements (more likely in 2H-2016.)," Sebastian, who maintained his Outperform rating on valuation and potential for accelerating growth, said the tracker suggests eBay's second quarter is tracking in line to potentially slightly above his 3 percent GMV growth estimate. Inc. (NASDAQ: AMZN) remained steady from April, while Google Shopping showed some acceleration to 41.5 percent from 34 percent in April. "We note that CA's data for eBay showed some modest improvement to low single-digit growth from slightly negative in April," Sebastian noted.