The RealReal: With Active Buyers And GMV Accelerating, I'm All In
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The RealReal's shift to a consignment model has led to revenue growth, improved gross margins, and increased active buyers, resulting in a strong Q3 performance. GMV growth re-accelerated to 6% year-over-year, and the company is focusing on higher GMV and margins.
November 06, 2024 | 7:15 am
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The RealReal's consignment model has driven revenue growth and improved margins, with GMV growth re-accelerating to 6% y/y in Q3. The focus on high GMV products is expected to sustain margins.
The RealReal's strategic shift to a consignment model has resulted in positive financial metrics, including revenue growth and improved gross margins. The re-acceleration of GMV growth to 6% y/y in Q3 and the increase in active buyers indicate strong market performance. The company's focus on procuring high GMV products is likely to sustain these improvements, making the stock attractive in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100