eBay Inc. (NASDAQ:EBAY) Q2 2023 Earnings Call Transcript

Jamie Iannone: Yes. No, Wes, we’re seeing good supply from our sellers in that category. I mean if you look overall in the business, supply is in great shape. We did.9 billion listings on the platform. We have over 500 million in P&A. The key for us has really been helping sellers make sense of — I mean helping buyers make sense of all that inventory. And as we roll out the new fitment changes, as we’ve rolled out guaranteed fitment, we’re finding that the experience is just so much easier for all of our segments of key buyers, whether they’re now using the My Garage feature on the site. We just launched these 2 new AI features which enable us to make the buying experience so much better. Once we know your car, we can tell you, here’s the key upgrades to do.

We can help you with things like your engine codes. And look, this is the second quarter of mid-single-digit growth, which we believe is at market rates of growth. And so we’re feeling great about that. As I said, our buyers in P&A are growing double digits faster than the rest of the markets when you look at our new and reactivated buyers. So we’re pleased with what we’re seeing. We’re continuing to invest and roll out new features and new capabilities. We’re seeing particular strength in CBT right now. But overall, really pleased with what we’re seeing in our motors P&A, and frankly, across our focus category portfolio.

Operator: Ladies and gentlemen, thank you for your participation today. This concludes today’s conference call. You may now disconnect.