Streetbeat News

REAL

The RealReal, Inc.

https://www.therealreal.com

Industry

Luxury Goods

The RealReal, Inc. operates an online marketplace for consigned luxury goods in the United State. It offers various product categories, including women's, men's, kids', jewelry and watches, and home and art products. The company was incorporated in 2011 and is headquartered in San Francisco, California.

Open

4.00

Mkt cap

438M

Volume

1.8M

High

4.04

P/E Ratio

-4.93

52-wk high

4.64

Low

3.84

Div yield

N/A

52-wk low

1.52

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.

Portfolio Pulse from

November 06, 2024 | 7:15 am

The RealReal's new CEO, Rati Sahi Levesque, has started her tenure on a positive note as the company reported better-than-expected third-quarter earnings. This reflects strong performance in the secondhand luxury goods market.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

The RealReal, Inc. (NASDAQ:REAL) held its Q3 2024 earnings conference call on November 4, 2024. Key participants included Caitlin Howe, Rati Levesque, and Ajay Gopal. Analysts from Baird, KeyBanc Capital Markets, Northland Capital Markets, BTIG, and UBS participated in the call.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

The RealReal has increased its FY24 revenue guidance to $595M-$602M, up from the previous range of $580M-$595M, surpassing the estimated $585.204M.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 12:35 pm

The RealReal announced preliminary Q3 revenue of $147.8 million, surpassing the estimated $139.172 million.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 12:35 pm

The RealReal has appointed Rati Sahi Levesque as its new CEO, succeeding John Koryl. This leadership change could impact the company's strategic direction and operations.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 12:33 pm

Michael Burry's hedge fund, Scion Asset Management, saw significant gains in its Chinese stock holdings, with Alibaba, Baidu, and JD.com surging nearly 60% on average in two months. This contrasts with mixed performance in his American holdings. The rally in Chinese stocks was driven by expectations of government stimulus, though recent measures fell short.

Portfolio Pulse from Kaustubh Bagalkote

October 09, 2024 | 12:12 pm

Northland Capital Markets has initiated coverage on RealReal (NASDAQ:REAL) with an Outperform rating and set a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 2:12 pm

ATRenew Inc. (NYSE:RERE) reported strong revenue growth in Q2, driven by partnerships with JD.com and Apple. The company is focusing on higher-margin businesses and expects continued growth in Q3. Despite positive results, ATRenew's shares fell 11.3% on the announcement day but have risen 35% this year.

Portfolio Pulse from The Bamboo Works

August 26, 2024 | 1:35 pm

Michael Burry's Scion Asset Management has revealed significant changes in its portfolio, with a strong focus on Chinese tech companies like Alibaba, Baidu, and JD.com. The portfolio also includes substantial investments in U.S. healthcare, fintech, and real estate sectors.

Portfolio Pulse from Kaustubh Bagalkote

August 15, 2024 | 5:19 am

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