Market ShareThe company continues to gain market share in the Home category that was negatively impacted by high interest rates, inflationary pressure, and shifting consumer spending patterns.
Network EffectGCT benefits from a network effect with 1,111 active sellers, up 36.3% y/y, and 9,306 active buyers, up 85.7%, on its platform.
ValuationEven with updated estimates, the stock is trading at an extremely compelling valuation, with shares currently trading at 0.3x revenue and 2.4x EBITDA.