Streetbeat News

RERE

ATRenew Inc.

https://www.atrenew.com

Industry

Specialty Retail

ATRenew Inc., through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras, household products, and bags through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms. As of December 31, 2021, it operated 1,287 AHS stores and 21 Paipai stores in 214 cities. The company was formerly known as AiHuiShou International Co. Ltd. and changed its name to ATRenew Inc. November 2021. The company was incorporated in 2011 and is headquartered in Shanghai, the People's Republic of China.

Open

2.50

Mkt cap

579M

Volume

615K

High

2.65

P/E Ratio

-33.00

52-wk high

3.19

Low

2.50

Div yield

N/A

52-wk low

1.01

ATRenew Inc. (NYSE: RERE) will release its Q3 2024 financial results on November 20, 2024, before the U.S. market opens. An earnings call is scheduled for 07:00 A.M. on the same day.

Portfolio Pulse from

November 06, 2024 | 8:15 am

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

The second-hand and refurbished goods market is gaining traction as consumers seek affordable and sustainable options amid economic challenges. Key players like eBay, ATRenew, LKQ Corp, and PDD Holdings are benefiting from this trend, with eBay and ATRenew showing strong financial performance in Q2 2024. LKQ Corp faces challenges despite growth, while PDD Holdings is set to report its results soon.

Portfolio Pulse from Priya Nigam

August 22, 2024 | 4:07 pm

U.S. stocks mostly fell, with the S&P 500 down 0.1%. Palo Alto Networks shares rose 9% after strong Q4 earnings and increased buyback authorization. InMed Pharmaceuticals surged 194% on Alzheimer's program news. Bit Digital and Titan Pharmaceuticals also saw significant gains. Mynaric, ATRenew, and Vipshop Holdings experienced declines.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 6:51 pm

U.S. stocks traded lower with the Nasdaq Composite falling around 50 points. Medtronic reported better-than-expected earnings, boosting its stock. InMed Pharmaceuticals, Bit Digital, and Titan Pharmaceuticals saw significant stock price increases, while Mynaric, ATRenew, and Vipshop Holdings experienced declines.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 4:02 pm

ATRenew shares declined following the release of disappointing Q3 adjusted EPS results, which were worse than expected.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 2:32 pm

ATRenew's Q2 2024 adjusted EPS of RMB0.48 missed the estimate of RMB0.50, while sales of RMB3.78 billion exceeded the estimate of RMB3.72 billion.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 1:36 pm

Several stocks, including Vipshop Holdings, Jiayin Group, and ATRenew, experienced declines in pre-market trading. Vipshop's shares fell 7.2% after reporting a year-over-year sales decrease, despite beating Wall Street expectations. The company also projected a revenue decline for Q3 2024.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 12:16 pm

Bit Digital shares rose 11% in pre-market trading due to better-than-expected Q2 sales and a new agreement with Boosteroid. The company reported a revenue of $29 million, surpassing estimates, despite missing EPS expectations. Other stocks like Treasure Global and Heramba Electric also saw significant pre-market gains.

Portfolio Pulse from Avi Kapoor

August 20, 2024 | 10:16 am

ATRenew has announced its expected Q3 revenue to be between RMB3.97 billion and RMB4.07 billion. This guidance provides insight into the company's financial performance for the quarter.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:21 am

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