Press Release

E-Commerce, Enterprise Software Positioned to Reaccelerate Growth

April 4, 2024
Chris Armbruster

KAR Q&A with The Wall Street Transcript

Portfolio Manager and Senior Research Analyst Chris Armbruster was featured in The Wall Street Transcript where he discussed his research, stock selection, and portfolio construction process. Chris highlighted that e-commerce & enterprise software are positioned to reaccelerate growth. He also shares which areas he sees opportunities in the market and his favorite investment ideas at the time.


I think one of the earliest parts of the economy that started to rightsize their expense base was information technology. A lot of companies overspent during the pandemic on connectivity software, security software, things that they needed to allow remote work, and they had to go through a period of digestion, of normalizing that spend. We saw deceleration across a lot of our names, and I think we’re starting to get some of the reacceleration there now.

I think similarly with e-commerce, during the pandemic you had a pull forward of shopper intent. E-commerce did disproportionately well versus some other parts of the consumer discretionary space. As the economy reopened, some of that growth normalized back to trendline.

I think that some of these e-commerce companies are well positioned now to reaccelerate that growth and to surprise to the upside versus some more cautious expectations for e-commerce growth specifically going forward.


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This information is being provided by Kayne Anderson Rudnick Investment Management, LLC (“KAR”) for illustrative purposes only. Information in this article is not intended by KAR to be interpreted as investment advice, a recommendation or solicitation to purchase securities, or a recommendation of a particular course of action and has not been updated since the date listed on the correspondence, and KAR does not undertake to update the information presented. This information is based on KAR’s opinions at the time of publication of this material and are subject to change based on market activity. There is no guarantee that any forecasts made will come to pass. KAR makes no warranty as to the accuracy or reliability of the information contained herein.
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