Should I buy Chewy stock in 2025? Expert NZ Analysis

What is Chewy?

How much is the Chewy stock?

The price of Chewy stock is rising this week. Currently, Chewy shares are trading at $44.15 USD, reflecting a 0.59% increase over the past 24 hours, though they have declined by 1.09% over the week.

A beta of 1.70 indicates above-average volatility.

For NZ investors, it’s important to note that Chewy stock shows strong growth potential but comes with notable price swings, making careful monitoring essential.

Our full analysis on the Chewy stock

We have conducted a holistic review of Chewy’s latest financial results, taken into account its robust stock performance over the past three years, and integrated advanced analytics that combine technical signals, financial fundamentals, competitive benchmarking, and proprietary algorithms. The data paints a compelling picture of a leading US e-commerce player that is structurally well placed, both fundamentally and technically, and is actively capitalising on secular growth in the pet care sector. So, why might Chewy stock once again become a strategic entry point into the global digital retail and pet care sector in 2025?

Recent Performance and Market Context

Chewy (CHWY) has been a standout performer on the NYSE, reflecting relentless execution and a strong consumer value proposition. As of 30 May 2025, the stock trades at USD $44.15—an impressive surge from its 52-week low of $19.75, representing a gain of over 106% year-on-year and 32.6% since the start of 2025. The recent monthly advance of 22.1% confirms that momentum has returned following an exceptional Q4 result.

• Q4 2024 Results: In March 2025, Chewy reported quarterly sales of $3.25 billion (up 14.9% year-on-year) and an adjusted EBITDA jump of 44%. This notably exceeded analysts’ forecasts, marking the third consecutive quarter of beat-and-raise performance.
• Sector Tailwinds: The US pet care sector continues to enjoy robust, recession-resistant growth, supported by secular trends in pet ownership and a premiumisation drive across pet nutrition, health services, and recurring product categories.
• Brokerage Upgrades: Barclays, among others, recently lifted its price target from $44 to $50 and maintained a positive outlook, reflecting increasing confidence among institutional investors.

For New Zealand investors looking for differentiated exposure in the global e-commerce and consumer discretionary segments, Chewy’s momentum within the context of US market leadership is particularly noteworthy.

Technical Analysis

Despite an overbought technical posture, Chewy exhibits a series of constructive signals supporting an optimistic medium-term outlook:

• Momentum Indicators: The 14-day Relative Strength Index (RSI) sits at 74.33, indicating short-term overbought conditions. MACD (+2.28), Stochastics (87.03), and Williams %R (-9.93) corroborate elevated momentum, signaling a possible temporary cooling or consolidation.
• Moving Averages: All key moving averages (20-day at $40.68, 50-day at $36.60, 100-day at $36.54, and 200-day at $33.28) are trending upward, with the current price firmly above each—suggesting sustained medium- and long-term upside potential.
• Support & Resistance: The major support stands at $42.81, with a primary resistance zone at $45.68. The point pivot at $44.50 marks a psychologically critical area; a break above this range could trigger new highs.

In summary, while the stock’s sharp ascent may lead to short-term volatility, the underlying trend structure is bullish. Dips linked to momentum cooling are likely to be met by strong buying support.

Fundamental Analysis

Chewy’s fundamentals signal a rare combination of growth, scalability, and margin expansion—the hallmarks of long-term value creation:

• Revenue Growth & Profitability: Fiscal 2024 full-year revenues reached $11.86 billion (+6.4% year-on-year), underpinned by 20.5 million active customers (+2.1%). The company delivered $392.7 million in net profit and $570.5 million in adjusted EBITDA (+55% year-on-year), reflecting successful cost discipline and operational leverage.
• Valuation: At a trailing P/E of 48.8, Chewy commands a premium but justifiable multiple in light of its superior revenue growth, recurring revenue mix (over 80% Autoship penetration), and category leadership. Price/Sales remains modest for a high-growth e-commerce name, and the enterprise is already profitable—a rarity among digital retailers.
• Strategic Depth: Chewy continues to expand into high-value adjacencies, including tele-veterinary services and pet pharmacy, leveraging AI-driven personalization, and reinforcing an industry-best retention profile through its Autoship subscription program.

Against a backdrop of intensifying competition, Chewy’s scale, data moat, and brand pedigree provide notable barriers to entry and enduring pricing power.

Volume and Liquidity

High and persistent trading volumes reaffirm institutional and retail interest:

• Average 3-month volume: 6.24 million shares, supporting excellent liquidity for investors from New Zealand and beyond.
• Market cap: $18.32 billion, with indicative floating shares and substantial institutional holding. The stock’s liquidity profile allows for dynamic valuation adjustments and ease of entry or exit, suiting both active traders and long-term investors.

This liquidity—and steady inflow of new capital—reflects broad market confidence and supports tighter bid-ask spreads, further reducing friction for NZ-based participants seeking offshore exposure.

Catalysts and Positive Outlook

Looking ahead, several bullish catalysts place Chewy in a position to outperform sector peers:

• Product & Service Expansion: Chewy is making robust inroads into premium pet nutrition, veterinary and health services, and personalisation, leveraging data-driven insights to drive customer stickiness and unlock new monetisation avenues.
• Secular Trends: The pet industry in the US (and globally) continues to benefit from the “humanisation” of pets, higher pet adoption rates, and a spending shift towards premium and preventative care.
• Recurring Revenue Machine: The Autoship subscription model now accounts for 80.6% of sales, embedding resilience and visibility into Chewy’s topline. This highly predictable income stream differentiates Chewy from traditional retailers, smoothing cyclical risk.
• ESG Focus: Sustainability and ESG stewardship remain high on Chewy’s agenda, both operationally (supply chain), and in terms of product innovation.
• Favourable Analyst Consensus: 35 buy, 6 hold, and zero sell recommendations (as of May 2025), coupled with recent price target upgrades (Barclays and others), all underscore a constructive forward narrative.

Within the current regulatory and consumer context—marked by robust US economic conditions, tech-enabled supply chain efficiencies, and changing ownership habits—Chewy appears ideally positioned.

Investment Strategies

Multiple entry strategies appeal across time horizons, especially for New Zealand investors seeking external diversification with a dynamic growth profile.

• Short-Term: For more tactical investors, Chewy’s recent technical overextension may prompt a brief consolidation, offering potential positioning opportunities on dips toward support at ~$43. Readiness to capitalise on momentum rebounds post-newsflow (such as product launches or quarterly results) can optimize alpha.
• Medium-Term: Investors with a holding horizon of 6–12 months may benefit from a “buy-on-weakness” approach—watching for technical pullbacks into support zones before accumulation. The next earnings release and further analyst upgrades may provide upward catalysts.
• Long-Term: The strategic merits—market leadership, recurring revenue, and sector growth plus innovation—suggest Chewy may warrant core holding status in global consumer or tech allocations. Averaging into positions during periods of short-term volatility offers risk mitigation while maintaining upside exposure.

From a market timing standpoint, accumulating near the current technical low, or ahead of anticipated product/service expansion announcements, seems an optimal strategy—particularly given the medium-term bullish trend structure.

Is It the Right Time to Buy Chewy?

Having emerged as the undisputed leader of US pet e-commerce, Chewy demonstrates a rare synthesis of operational excellence, structural industry tailwinds, and a business model built for recurring, high-margin growth. The company’s execution track record, dominant brand, and expanding array of value-added services position it to capture a disproportionate share of ongoing market expansion.

With consistent revenue, margin, and EBITDA growth, elevated but justifiable valuation, strong trading liquidity, and multiple strategic catalysts ahead, the current technical setup seems to represent an excellent opportunity for investors seeking offshore growth exposure—particularly as the global pet sector shows little sign of saturation.

Summarising the synergies between technical bullishness, improving fundamentals, and a compelling catalyst roadmap, Chewy may be entering a new bullish phase with the potential to outperform its sector and broader e-commerce peers. The fundamentals justify renewed interest, and the stock is increasingly being recognized by the market as a digital platform with material long-term upside.

For New Zealand investors building globally diversified portfolios, Chewy’s unique market positioning and growth trajectory provide a compelling case for consideration—just as the next phase of sector and stock-specific catalysts appear ready to unfold.

How to buy Chewy stock in New Zealand?

Buying Chewy (CHWY) stock online is secure and straightforward for investors in New Zealand when you use a regulated broker. Today’s platforms offer intuitive interfaces, robust security, and access to international markets, making it easy to own U.S.-listed shares such as Chewy. There are two main ways to invest: spot (cash) buying—where you directly own the shares, or CFD trading—where you speculate on the price movements with leverage, without owning the underlying asset. Each method has its pros and cons, which we’ll explore below. To help you choose, you’ll also find a broker comparison further down this page.

Spot Buying (Cash Purchase)

A cash purchase means you buy Chewy shares outright, becoming their registered owner. With this method, you benefit directly from any rise in the share price and potential dividends (note: Chewy currently does not pay dividends). Most NZ brokers charge a fixed commission per order, typically around NZD $6–$15 when buying U.S. shares.

Example

Suppose Chewy shares trade at USD $44.15 (about NZD $71 at a 1.61 FX rate). With NZD $1,000, after a NZD $10 brokerage fee, you could buy about 13 shares (NZD $923.95 invested).

Gain scenario: If Chewy’s share price rises by 10% to NZD $78.10, your 13 shares are now worth NZD $1,015.30.
Result: That’s a gross gain of +NZD $91.35, or +10% on your initial stake (excluding currency movements and taxes).

Trading via CFD

CFD (Contract for Difference) trading lets you speculate on Chewy’s share price without owning the shares themselves. CFDs offer the ability to trade with leverage—meaning you can open a larger position with a smaller upfront margin. With CFDs, you pay a spread (the broker’s mark-up on the buy/sell price) and, if you hold positions overnight, a daily financing fee.

Example

With NZD $1,000 and 5× leverage, you open a CFD position for NZD $5,000 worth of Chewy shares.

Gain scenario: If the stock rises by 8%, your exposure grows to NZD $5,400. Your profit is NZD $400 (8% × 5 = 40% gain on your $1,000).
Result: +NZD $400, excluding spread and financing costs.

Final Advice

Comparing brokers’ fees, available platforms, and conditions is crucial before you invest—costs can vary significantly, especially for international shares. Decide whether you prefer to own Chewy shares outright (spot buying) or seek flexible, leveraged exposure via CFDs. Your best choice depends on your investment goals, risk appetite, and trading style. For a detailed breakdown of New Zealand brokers, refer to the comparison table further down the page before making your decision.

Our 7 tips for buying Chewy stock

The latest news about Chewy

Chewy reported robust Q4 and FY2024 results, exceeding analyst expectations on both revenue and profitability. For the quarter ending February 2025, revenue climbed 14.9% year-on-year to $3.25 billion, with ongoing operational strength reflected in a 28.5% gross margin, $22.8 million net profit, and a notable 44% increase in adjusted EBITDA to $124.5 million. For the full fiscal year, Chewy achieved revenue of $11.86 billion (+6.4% YoY) and net earnings of $392.7 million, further solidifying its growth trajectory and capacity to outperform consensus forecasts. This financial momentum is a significant positive indicator, particularly relevant for New Zealand investors seeking exposure to growth-driven US equities.

Barclays has raised its price target for Chewy stock from $44 to $50 in late May 2025, following recent outperformance. This updated target—well above the US$44.15 closing price on 30 May—reflects improved analyst sentiment and confidence in the company’s strategic initiatives, including expansion into veterinary and pet health services. The revision strengthens the Moderate Buy consensus (35 Buys, 6 Holds, 0 Sells) and signals potential further upside from current levels, offering a constructive market perspective for international shareholders, including those in New Zealand who may benefit from Chewy’s ongoing operational enhancements.

Chewy’s operational strength is rooted in its dominant e-commerce position and high customer loyalty through the Autoship program. As the largest US-based online retailer for pet products, Chewy has reported 20.5 million active customers (+2.1% YoY), with 80.6% of sales coming from its Autoship subscription offering, underscoring a resilient and highly recurring revenue base. This business model enhances predictability and cash flow visibility, factors highly valued by institutional investors and global asset managers, including those allocating capital from New Zealand.

Short- to medium-term technical signals are mixed, but long-term moving averages remain in clear uptrend. While momentum indicators such as RSI (74.33), MACD, and Stochastic suggest overbought conditions and possible short-term consolidation, all major moving averages (20, 50, 100, 200 days) point to a sustained uptrend and signal a favourable long-term technical outlook. This presents a positive structural background for Kiwi investors using U.S.-listed platforms or NZX overseas investment facilitators, particularly those focused on medium- to long-term horizons.

Chewy offers no direct presence in New Zealand, yet remains accessible to NZ investors via global equity platforms and benefits from global pet market trends. The company's products are not officially distributed in New Zealand, nor does it have established local partnerships or regulatory initiatives here. Nevertheless, the structural growth in global pet ownership—also evident in New Zealand—and Chewy’s proven scalability offer indirect benefits: Kiwi investors can participate in Chewy's upward momentum as a levered play on rising pet sector expenditure worldwide, while the absence of local constraints ensures capital allocation flexibility.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.