ThredUp stock drops 40% YTD, seen as a value buy with improving EBITDA outlook

ThredUp's stock has fallen over 40% year-to-date, presenting a potential buying opportunity amid a broader selloff in growth stocks. The company's adjusted EBITDA multiples now look more reasonable as growth rates moderate. Despite some short-term EBITDA margin challenges, ThredUp is expected to expand its adjusted EBITDA in the long term, supporting its current valuation. With an enterprise value of $402 million, solid cash reserves, and manageable debt, the company maintains financial stability, making it attractive for investors looking for value in the sector.