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00:02eBay's shares rose as investors focused on new growth initiatives,
00:06its relationship with GameStop, and recent analyst activity, according to Benzinga.
00:10CEO Jamie Iannone said on September 8th that eBay Live and vehicles are emerging growth areas,
00:16with the vehicle's business reaching hundreds of millions of dollars in run rate after one year.
00:20He said about 70% of eBay's business now comes from focus categories,
00:24consumer-to-consumer sales, or re-commerce, with each growing about 20% in the second quarter.
00:30Iannone also said AI-powered magical listings helped drive 50% more U.S. listings per lister.
00:36GameStop's roughly $4.9 billion eBay stake has also drawn attention.
00:41Stonex raised its price target to $136 with a buy rating.
00:45eBay shares were up 0.88% at $110.13, according to data from Benzinga Pro.
00:51For all things money, visit Benzinga.com.
