MercadoLibre (NASDAQ: MELI) has been an outlier lately in the e-commerce industry as it consistently delivers outstanding results despite the headwinds brought on by global economies reopening. In contrast, other e-commerce companies like Amazon and have encountered varying degrees of challenges. 

The stock price has similarly outperformed, surging nearly 50% year to date. Strong business performance and share price gains are naturally enticing to investors, but the question remains: Is now an opportune time to buy the stock?

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Source Fool.com