Press Release: Andy Anavi, Senior Vp Of Fintech Services, Discusses Mercado Pago's Ambitions And Competitive Advantages

Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at LegalZoom and its peers.

Marketplaces have existed for centuries. Where once it was a main street in a small town or a mall in the suburbs, sellers benefitted from proximity to one another because they could draw customers by offering convenience and selection. Today, a myriad of online marketplaces fulfill that same role, aggregating large customer bases, which attracts commission-paying sellers, generating flywheel scale effects that feed back into further customer acquisition.

The 12 online marketplace stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 2.3% while next quarter’s revenue guidance was in line.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 5.7% since the latest earnings results.

LegalZoom

Founded by famous lawyer Robert Shapiro, LegalZoom offers online legal services and documentation assistance for individuals and businesses.

LegalZoom reported revenues of $190.2 million, up 12.8% year on year. This print exceeded analysts’ expectations by 3.9%. Overall, it was a satisfactory quarter for the company with revenue guidance for next quarter beating analysts’ expectations but a significant miss of analysts’ number of subscription units estimates.

"Our results further validate the strategic shift we made in our business. Importantly, the proof points we’re seeing across the business give us confidence that we’ve built a strong foundation for our next phase of growth," said Jeff Stibel, Chairman and Chief Executive Officer of LegalZoom.

Unsurprisingly, the stock is down 11.1% since reporting and currently trades at $9.05.

Best Q3: EverQuote

Aiming to simplify a once complicated process, EverQuote is an online insurance marketplace where consumers can compare and purchase various types of insurance from different providers

EverQuote reported revenues of $173.9 million, up 20.3% year on year, outperforming analysts’ expectations by 4.3%. The business had an exceptional quarter with a solid beat of analysts’ EBITDA estimates and revenue guidance for next quarter exceeding analysts’ expectations.

The market seems content with the results as the stock is up 3.5% since reporting. It currently trades at $23.19.

Weakest Q3: ACV Auctions

Founded in 2014, ACV Auctions (NASDAQ:ACVA) is an online auction marketplace for car dealers and wholesalers to buy and sell used cars.

ACV Auctions reported revenues of $199.6 million, up 16.5% year on year, in line with analysts’ expectations. It was a disappointing quarter as it posted full-year revenue guidance slightly missing analysts’ expectations and full-year EBITDA guidance missing analysts’ expectations significantly.

ACV Auctions delivered the highest full-year guidance raise but had the weakest performance against analyst estimates in the group. The company reported 218,065 units sold, up 9.9% year on year. Interestingly, the stock is up 2.5% since the results and currently trades at $8.35.

Read our full analysis of ACV Auctions’s results here.

MercadoLibre

Originally started as an online auction platform, MercadoLibre is a one-stop e-commerce marketplace and fintech platform in Latin America.

MercadoLibre reported revenues of $7.41 billion, up 39.5% year on year. This number surpassed analysts’ expectations by 2.9%. Aside from that, it was a mixed quarter as it also logged impressive growth in its users but a miss of analysts’ EBITDA estimates.

MercadoLibre delivered the fastest revenue growth among its peers. The company reported 76.8 million daily active users, up 26.3% year on year. The stock is flat since reporting and currently trades at $2,296.

Read our full, actionable report on MercadoLibre here, it’s free.

Cars.com

Originally started as a joint venture between several media companies including The Washington Post and The New York Times, Cars.com is a digital marketplace that connects new and used car buyers and sellers.

Cars.com reported revenues of $181.6 million, up 1.1% year on year. This print was in line with analysts’ expectations. Aside from that, it was a mixed quarter as it underperformed in some other aspects of the business.

The company reported 19,526 active buyers, up 1.4% year on year. The stock is up 12.1% since reporting and currently trades at $11.67.

Read our full, actionable report on Cars.com here, it’s free.

What Happened?

Shares of latin American e-commerce and fintech company MercadoLibre jumped 9.3% in the afternoon session after traders speculated that recent geopolitical developments in Venezuela could unlock a major new market for the e-commerce giant. 

Following reports regarding the U.S.-facilitated removal of President Maduro, investors rallied around the possibility that a stabilized Venezuelan economy could finally open its borders to MercadoLibre's full suite of logistics and fintech services. While the country currently represents a negligible portion of sales, the sudden prospect of accessing South America's fifth-largest population under a more open economic framework drove the stock to double-digit gains.

The shares closed the day at $2,149, up 8.9% from previous close.

What Is The Market Telling Us

MercadoLibre’s shares are somewhat volatile and have had 13 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 18 days ago when the stock gained 2.7% on the news that the latest Consumer Price Index (CPI) report showed inflation cooling more than anticipated, fueling optimism for potential Federal Reserve interest rate cuts. 

The November report indicated that annual inflation fell to 2.7%, significantly below economists' expectations of 3.1% and its lowest level since July. The Consumer Price Index, or CPI, is a key measure of inflation. This encouraging data was welcomed by investors, as sustained lower inflation could give the U.S. Federal Reserve more justification to lower interest rates in the coming year. Wall Street favors lower interest rates because they reduce borrowing costs for companies and can stimulate economic activity, making stocks more attractive. The positive news helped major indexes, including the S&P 500 and the tech-heavy Nasdaq, snap a four-day losing streak.

MercadoLibre is up 8.9% since the beginning of the year, but at $2,149 per share, it is still trading 17.8% below its 52-week high of $2,614 from June 2025. Investors who bought $1,000 worth of MercadoLibre’s shares 5 years ago would now be looking at an investment worth $1,302.