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Is Coupang Stock a Buy?

TheMotleyFool

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Coupang's (NYSE: CPNG) stock sank 9% on Nov. 12 after the South Korean e-commerce leader posted its third-quarter results.

Its revenue increased 48% year over year to $4.6 billion but missed estimates by $200 million. Its net loss widened from $173 million to $324 million, or $0.19 per share, which also missed expectations by a penny.

On an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis, Coupang's net loss still widened from $177 million to $207 million. Those headline numbers look ugly, but could Coupang's stock be worth buying as it languishes far below its IPO price of $35?

Source Fool.com

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