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ThredUp Inc (NASDAQ:TDUP) stock has reached a new 52-week high, trading at $8.77. The company, now valued at $1 billion, boasts an impressive 79% gross profit margin and has delivered a remarkable 509% return year-to-date, according to InvestingPro data. This marks a significant milestone for the online resale platform, which has experienced a remarkable 1-year change of 389.6%. The surge in stock price reflects growing investor confidence in ThredUp’s business model and its ability to capitalize on the expanding secondhand clothing market. As consumers increasingly shift towards sustainable fashion choices, ThredUp continues to gain traction, driving its stock to new heights. While revenue growth stands at 8%, InvestingPro analysis suggests the stock may be trading above its Fair Value. Discover 10+ additional exclusive insights and comprehensive analysis available in the Pro Research Report.
In other recent news, ThredUp Inc. reported impressive first-quarter 2025 earnings, surpassing expectations with an earnings per share (EPS) of -$0.04, compared to the anticipated -$0.08. The company’s revenue also exceeded forecasts, reaching $71.3 million against the expected $65.62 million. This strong financial performance was driven by a mid-single-digit growth in active buyers and a notable 95% increase in new buyers. Following these results, Telsey Advisory Group raised its price target for ThredUp to $9.00 from $7.00, while maintaining an Outperform rating, highlighting the company’s solid start to fiscal year 2025. Additionally, ThredUp shareholders approved the election of three Class I directors during the 2025 Annual Meeting of Stockholders, ensuring continuity in the company’s governance. The directors elected are Ian Friedman, Timothy Haley, and Coretha Rushing, who will serve until the 2028 annual meeting. ThredUp’s recent developments also include a promising second-quarter guidance that slightly exceeds market expectations for both revenue and EBITDA. These updates reflect ThredUp’s ongoing strategic initiatives and market position.
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