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ARKO

Arko Corp.

https://www.arkocorp.com

Industry

Specialty Retail

Arko Corp. operates convenience stores in the United States. It operates through three segments: Retail, Wholesale, and GPM Petroleum. The Retail segment engages in the sale of fuel and merchandise to retail consumers. The Wholesale segment supplies fuel to third-party dealers and consignment agents. The GPM Petroleum segment supplies fuel to independent dealers, and bulk and spot purchasers. It operates approximately 3,000 locations comprising approximately 1,400 company-operated stores and approximately 1,650 dealer sites. The company is based in Richmond, Virginia.

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Wells Fargo analyst Anthony Bonadio maintains an Equal-Weight rating on ARKO (NASDAQ:ARKO) and raises the price target from $5 to $6.25.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:44 pm

ARKO has provided its Q3 2024 and FY24 Adjusted EBITDA guidance. For Q3 2024, the company expects Adjusted EBITDA to range between $70 million and $86 million. For FY24, the company expects Adjusted EBITDA to range between $235 million and $275 million. These figures include non-cash rent expenses.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 9:26 pm

ARKO (NASDAQ:ARKO) reported Q2 2024 earnings per share (EPS) of $0.11, missing the analyst consensus estimate of $0.12 by 8.33%. However, the company reported quarterly sales of $2.388 billion, beating the analyst consensus estimate of $2.361 billion by 1.16%. This represents a 3.28% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:40 pm

BMO Capital analyst Kelly Bania maintains a Market Perform rating on ARKO Corp (NASDAQ:ARKO) and lowers the price target from $7 to $6.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:09 pm

Upstart Holdings, Inc. (UPST) shares fell by 10.3% after reporting Q1 financial results and issuing Q2 revenue guidance below estimates. Other stocks showed significant movement, with Reborn Coffee, Inc. (REBN) leading gainers with a 132.9% jump after announcing a market expansion into China. On the losing end, Treace Medical Concepts, Inc. (TMCI) dropped 60.8% after issuing FY24 revenue guidance below estimates.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 5:38 pm

The article reports on significant movements in consumer discretionary stocks during Wednesday's intraday session, highlighting both gainers and losers based on their performance. Notably, companies like Cricut, Luminar Technologies, and Mullen Automotive saw substantial increases in their stock prices, largely attributed to their Q1 earnings reports. Conversely, stocks such as Cazoo Group, ODP, and National Vision Holdings experienced declines, with some attributing their performance to recent earnings reports.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 4:31 pm

Louisiana-Pacific Corporation (NYSE:LPX) and other companies such as Cricut, Inc. (NASDAQ:CRCT), Elanco Animal Health Incorporated (NYSE:ELAN), and American Public Education, Inc. (NASDAQ:APEI) saw significant stock price increases following better-than-expected quarterly results. The positive earnings reports led to a surge in stock prices for these companies, with LPX rising 15% after reporting a 24% year-over-year net sales growth.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 3:11 pm

ARKO Corp projects its adjusted EBITDA for Q2 2024 to be between $70M and $77M.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:43 pm

ARKO reported Q1 2024 earnings with a GAAP EPS of $(0.02), surpassing the $(0.17) estimate, indicating a significant beat by 88.24%. However, its sales of $2.072B slightly missed the $2.079B estimate, marking a minor shortfall of 0.32% and a 0.79% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:54 pm

Wells Fargo analyst Anthony Bonadio has maintained an Equal-Weight rating on ARKO Corp (NASDAQ:ARKO) and reduced the price target from $7 to $5.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:03 pm

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