Streetbeat News

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.

Open

6.98

Mkt cap

792M

Volume

283K

High

6.98

P/E Ratio

26.31

52-wk high

8.42

Low

6.77

Div yield

0.02

52-wk low

4.09

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

ARKO Corp's subsidiary is set to open a new Handy Mart store in Newport, North Carolina, expanding its retail footprint.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 11:03 am

In Thursday's after-market session, several consumer discretionary stocks showed notable movements. Aterian, BurgerFi International, Cango, Connexa Sports Techs, CarParts.com, and ARKO were among the gainers, with increases ranging from 2.69% to 5.8%. On the downside, Lixiang Education Hldg, Cricut, JX Luxventure, Naas Technology, SRM Entertainment, and Kaixin Holdings experienced declines between 2.6% and 4.6%.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 8:31 pm

Today's session highlighted significant options activity for 10 consumer discretionary stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and divergences in market estimations of option values. Notable activities include bullish sentiment on AMZN, ARKO, LCID, LSEA, NKE, and LULU options, bearish sentiment on NIO and JACK, and neutral sentiment on TSLA and PENN.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 5:35 pm

ARKO Corp. has successfully renegotiated the deferred payment terms for its acquisition of Transit Energy Group, enhancing stockholder value.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 11:08 am

The article highlights the top 5 consumer discretionary stocks considered oversold based on their Relative Strength Index (RSI), suggesting potential buying opportunities. These include Arko Corp. (ARKO), Choice Hotels International, Inc. (CHH), Standard Motor Products, Inc. (SMP), Big 5 Sporting Goods Corporation (BGFV), and Rivian Automotive, Inc. (RIVN), each with recent financial results and stock performance.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 12:53 pm

BMO Capital analyst Kelly Bania maintains a Market Perform rating on ARKO Corp (NASDAQ:ARKO) and lowers the price target from $8 to $7.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:18 pm

In Wednesday's intraday session, several consumer discretionary stocks experienced significant movements. J-Long Group, Qurate Retail, Polestar Automotive, Connexa Sports Techs, Delta Apparel, and Volcon saw notable gains, with increases ranging from 15.18% to 48.6%. On the downside, Sonder Holdings, Nerdy, ARKO, Interactive Strength, Urban Outfitters, and Warby Parker faced declines between 13.5% and 26.1%. Qurate Retail, Nerdy, ARKO, and Warby Parker's movements were influenced by their Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 5:31 pm

ARKO shares are trading lower following the announcement of disappointing Q4 revenue results and less optimistic net income guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 4:10 pm

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