Coupang Sees Profit Soar: Is the Stock a Buy?

By Jamie Louko – Nov 10, 2022 at 9:30AM

NYSE: CPNG

Coupang

Market Cap

$41B

Today's Change

(-0.31%) -$0.07

Current Price

$22.65

Price as of April 24, 2024, 2:34 p.m. ET

This leading e-commerce stock is flying toward profitability.

E-commerce stocks haven't had an easy run in 2022, as growth for many has slowed and profit has dropped like a stone. Coupang (CPNG -0.31%), however, is bucking this trend. Jamie breaks down the South Korean e-commerce company's third-quarter earnings report, highlighting its profitability improvements as it continues to take market share. If you enjoy this video, leave a like, consider subscribing, and use the special discount link below.

*Stock prices used were the after-market prices of Nov. 9, 2022. The video was published on Nov. 10, 2022.

Jamie Louko has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Coupang, Inc. The Motley Fool has a disclosure policy. Jamie Louko is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.