Explaining The 140% Increase In Avalara’s Stock Price This Year
Summary
Avalara (NYSE: AVLR), a company that provides a suite of cloud-based solutions for tracking and managing sales tax collections, has seen its stock price more than double since the beginning of this year, while rallying ~18% over the last month. The recent uptick in the stock price can be attributed to stronger Q3 results, as revenues growth accelerated to 41%, from around 26% in the year-ago quarter, with the company also posting a narrower than expected net loss. We ‘step back’ from these recent swings to review Avalara’s performance over the last few years, as a context for what might come next. For more information on how Avalara’s Revenue Growth compares to its rivals, view our interactive dashboard analysis. See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams| Product, R&D, and Marketing Teams More Trefis Data Like our charts?
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