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GameStop CEO Ryan Cohen bought 1.15M shares for $26.4M, raising his stake above 40M shares as insider buying continues.
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The US vehicle auction market, valued at $3.47 billion and 14.26 million units in 2024, is projected to grow to $4.48 billion by 2030 at a 4% CAGR. Growth is driven by online auctions, AI integration, rising used-car demand, and the expanding EV secondary market. Key players include Copart, OPENLANE, ACV Auctions, IAA, Manheim, and eBay Motors, with online platforms leading the market.
eBay has had a busy month with management commentary at a major investor conference, focus on its GameStop ties and analyst activity.
StoneX analyst Daniel Kurnos maintains eBay (NASDAQ:EBAY) with a Buy and raises the price target from $134 to $136.
Jim Cramer backed BlackBerry, Casey’s, GameStop and Credo, citing recovery prospects, strong earnings, insider buying and new AI networking tech.
Recent insider buying by CEOs of Uber Technologies, GameStop, and Celsius Holdings demonstrates executive confidence in their companies' long-term outlooks. Uber's CEO purchased 141k shares for $10M amid strong quarterly growth, GameStop's CEO bought 1M shares for $20.4M, and Celsius's CEO acquired 18k shares for $500k. Analysts view such insider purchases as positive signals for longer-term investment prospects.
Retail investors talked up 5 hot stocks during week (Sept. 7 to Sept. 11) on X and Reddit's r/WallStreetBets: GME, AAPL, ADBE, ORCL, CASY.