2 E-Commerce Stocks To Buy In June, 2 To Avoid

CARS’ total revenue increased 3.5% year-over-year to $153.30 million for its fiscal year 2021 first quarter, ended March 31. CARS’ operating income was  $16.55 million, compared to a $905.06 million operating loss in the prior-year period. Its net income is reported at $5.28 million for the quarter, compared to a $787.43 million net loss in the year-ago period. CARS’ EPS was  $0.08, compared to a $11.76 loss per share in the prior-year period.

A $0.41 consensus EPS estimate for the current quarter, ending June 30, 2021, represents a 240.2% improvement year-over-year. The $153.11 million consensus revenue estimate for the current quarter represents a 50.1% gain from the prior-year period. Analysts expect the stock’s EPS to grow at a 15% rate per annum over the next five years. The stock has gained 102.6% over the past year and closed yesterday’s trading session at $14.59.

CARS’ strong fundamentals are reflected in its POWR Ratings. The stock has an overall B rating, which equates to Buy in our POWR Ratings system. The POWR Ratings are calculated by considering 118 different factors with the weighting of each optimized to improve overall performance.

The stock has a B grade for Value, Growth and Sentiment. Click here to see the additional ratings for CARS (Quality, Stability and Momentum).

CARS is ranked #8 of 71 stocks in the Internet industry.

iMedia Brands, Inc. 

IMBI is a multiplatform interactive video and digital commerce company that offers a mix of brands directly to consumers through  engaging and informative shopping experiences through television, online and mobile devices. The company’s products include jewelry and watches, home and consumer electronics, beauty, and fashion and accessories.

On April 29,  IMBI launched 34 new brands on its national television networks ShopHQ, ShopBulldogTV and ShopHQHealth during the first quarter of 2021. The company hopes to improve the customer experience and expects to generate significant revenues from the sale of these brands’ collections.

In March, IMBI signed a licensing partnership with ReStore Capital, a Hilco Global company,  in which  IMBI will operate and grow the Christopher & Banks business throughout all sales channels, including digital, television, catalog, and brick and mortar retail. In addition, IMBI will  carry  Christopher & Banks television program on its ShopHQ network every week to promote the brand’s website, two retail stores and its soon to be launched Christopher & Banks Stylists online interactive video platform. For its fiscal year 2021 first quarter, ended May 1, IMBI’s total revenues increased 18.2% year-over-year to $113.20 million. The company’s revenue from the ShopHQ segment increased 6.9% year-over-year to $100.30 million. Its gross profit increased 29.4% year-over-year to $46.01 million. IMBI’s adjusted EBITDA is reported at $8.14 million for the quarter, compared to a $1.65 million loss in the prior-year period.

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