MercadoLibre, an e-commerce giant in Latin America, offers a marketplace similar to Amazon with its own membership program, Meli+. The company’s logistics network provides quick deliveries, with same or next-day services up 28% year over year. Its fintech business, MercadoPago, is expanding to include digital banking services.

Despite some deceleration, MercadoLibre’s sales growth remains strong, with revenue up 49% year over year in the third quarter. The company boasts 76.8 million unique active buyers and a diverse business model. In the fintech sector, monthly active users increased by 29% and the total credit portfolio by 83%.

MercadoLibre is highly profitable, generating $206 million in adjusted free cash flow. The company sees massive long-term opportunities in underpenetrated Latin American markets for e-commerce and fintech services. With a growing media business and marketplace advertising, MercadoLibre stock offers value at 16 times trailing 12-month free cash flow.

For investors interested in high-growth stocks, MercadoLibre could be a strong addition to a portfolio. The company’s success in Latin America’s expanding e-commerce and fintech markets presents opportunities for future growth. Consider this powerhouse e-commerce giant for long-term investment potential.

Read more at Yahoo Finance: What to Know Before Buying MercadoLibre Stock