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Poshmark Inc Ordinary Shares - Class A POSH Stock Quote

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Morningstar‘s Stock Analysis POSH

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

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5-Star Price

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Economic Moat

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Capital Allocation

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Resale Should Prove Resilient Amid a Downturn, but We Expect Slower Near-Term Growth for Poshmark

Sean Dunlop Equity Analyst

Business Strategy and Outlook

| Sean Dunlop |

Poshmark is among the largest apparel resale platforms on the market, boasting an interactive marketplace that benefits from a triumvirate of secular tailwinds: social commerce, an ongoing mix shift toward online retail sales, and the stratospheric growth of the apparel resale market. The firm's strategy coalesces around four key priorities: product innovation, category expansion, international growth, and buyer acquisition. We take a neutral view of management's road map, with our research leaving us unconvinced that Poshmark's international thrusts are poised to generate excess returns for investors, and surmise that purportedly adjacent categories like consumer electronics, art, or pets may not be concordant with the firm's apparel core competency.

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Key Statistics POSH

Company Profile POSH

Business Description

Poshmark is one of the largest players in a quickly growing e-commerce resale space, connecting more than 30 million active users on a platform that sells men’s and women’s apparel, accessories, shoes, and more recently consumer electronics and pet products. The marketplace operates in four countries--the U.S., Canada, Australia, and India--with a capital-light, peer-to-peer model that dovetails nicely with prevailing trends toward social commerce, apparel resale, and an ongoing pivot toward the e-commerce channel. With $1.8 billion in 2021 gross merchandise volume, or GMV, we estimate that the firm captured about 13%-14% of the domestic online resale market, with rolling lockdowns and tangled supply chains providing a meaningful impetus for channel trial during 2020 and 2021.

Contact
203 Redwood Shores Parkway, 8th Floor
Redwood City, CA, 94065
T +1 650 262-4771
Industry Internet Retail
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 750