Amazon, Wayfair and Etsy headline crushing day for online retail stocks as post-pandemic reality sets in
Nattakorn Maneerat/iStock via Getty Images

Online retail and e-commerce stocks spun lower on Thursday after a common theme of decelerating post-pandemic sales growth and higher costs was seen with the big reports from Shopify (SHOP
-17.7%), Wayfair (NYSE:W
-16.7%), Etsy (NASDAQ:ETSY
-13.7%) and eBay (EBAY
-9.2%).
The pandemic valuation premium is quickly fading on the sector amid a sharper focus by investors on profitability and concerns on the impact of inflation on demand and EBITDA.
Decliners included Carvana (CVNA
-14.8%), Global-E Online (GLBE
-10.4%), Poshmark (POSH
-12.1%), Coupang (CPNG
-8.8%), Farfetch (FTCH
-9.4%), Revolve Group (RVLV
-8.5%), Chewy (CHWY
-8.2%), MercadoLibre (MELI
-10.3%), Blue Apron (APRN
-7.5%), Newegg (NEGG
-8.2%), Solo Brands (DTC
-5.3%), Overstock.com (OSTK
-8.7%), and ThredUp (TDUP
-8.5%).
The biggest online retail name of all was not immune to the selling pressure with Amazon (NASDAQ:AMZN
-7.1%) sliding to a new 52-week low.
Who saw the big drops coming? The Seeking Alpha Quant Ratings on Internet retail stocks have been flashing sell on many names well in advance of the collapse.