Overview
- The company reported $173.6 million in Q3 revenue, up 17% year over year, with GMV at $520 million, adjusted EBITDA of $9.3 million, and an adjusted loss per share of $0.04.
- Full-year revenue guidance rose to $687 million to $690 million and the adjusted EBITDA outlook increased to $37.7 million to $38.7 million, with management expecting full-year GMV to exceed $2 billion.
- Fourth‑quarter sales are projected at $188 million to $191 million, ahead of prior Wall Street estimates.
- Shares jumped 38% to $15.48, putting the market value at roughly $1.8 billion and marking the highest valuation since 2021.
- WWD and Benzinga reported multiple analyst moves, including BTIG lifting its target to $15 with a Buy, Baird to $13 with Neutral, UBS to $14 with Neutral, and Wells Fargo reiterating Overweight with a $15 target.