What happened Shares of eBay (NASDAQ: EBAY) gained 14.3% in May, according to data from S&P Global Market Intelligence. Last month's gains came on the heels of a 33% pop for the company's stock price in April. ^SPX data by YCharts eBay stock gained ground in conjunction with momentum for the broader market in May, and it's now up roughly 35% year to date. Shares also seem to have benefited from analysis of platform engagement date and news about the potential sale of the company's classifieds business. Image source: Getty Images. So what Dealreporter published a story on May 6 indicating that eBay's classifieds business was still being looked at as a potential acquisitions target by companies including Adevinta and Axel Springer. The outlet then reported on May 13 that Blackstone (NYSE: BX), Hellman & Friedman, and Permira were discussing a joint bid for the unit. Bloomberg also published a report later in the month indicating that Naspers was also a potential buyer. Baird analyst Colin Sebastian published a note on May 12 indicating that eBay's monthly sales volume was up double digits year over year. He reiterated an "outperform" rating on the stock and maintained his $44 price target -- representing roughly 4.2% upside at the time of the publication. The analyst published a follow-up note on May 26 indicating that sales volume on the platform remained at elevated levels. Now what eBay stock has continued to gain ground early in June. The company's share price has climbed roughly 7% in the month following momentum for the broader market and improved second quarter guidance. EBAY data by YCharts eBay is now guiding for sales between $0.25 billion and $2.8 billion in the second quarter, up from its previous target for sales between $2.38 billion and $2.48 billion. Non-GAAP (adjusted) earnings per share for the period are expected to be between $1.02 and $1.06, up from the company's previous target for per-share earnings between $0.73 and $0.80. Management didn't give a detailed update for full-year performance, but it indicated that results for the period would likely come in ahead ahead of its previous targets. The company's last full-year target guided for organic currency-adjusted revenue between $9.56 billion and $9.76 billion -- representing year-over-year growth of roughly 2% at the midpoint. Adjusted earnings for the year were expected to come in between $3.00 and $3.10. Investors may get a more detailed full-year outlook when the company hosts its shareholder meeting on June 29. eBay is valued at earnings roughly 14.6 times the average analyst target for this year's earnings, and 3.4 times the average target for expected sales. 10 stocks we like better than eBayWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and eBay wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool recommends eBay and recommends the following options: long January 2021 $18 calls on eBay and short January 2021 $37 calls on eBay. The Motley Fool has a disclosure policy.Source