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 reported Q2 2024 earnings of $0.07 per share, missing the $0.50 estimate. Sales were $519.7M, below the $3.719B estimate, but up 27.16% from last year.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:19 am

The article highlights the pre-market movements of 12 consumer discretionary stocks on Friday. Delta Apparel, Connexa Sports Techs, Red Robin Gourmet Burgers, Purple Innovation, ATRenew, and CarParts.com saw gains, while Kaival Brands Innovations, MGO Global, Petco Health and Wellness, Volcon, Lobo EV Technologies, and Zapp Electric Vehicles experienced declines.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 12:08 pm

ATRenew Inc. (NYSE:RERE) has announced an increase in its share repurchase program from $20 million to $50 million and extended the term to June 27, 2025.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 9:02 am

Shares of companies within the broader discretionary sector are trading lower following softer-than-expected consumer sentiment data.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 7:56 pm

The article highlights significant intraday movements in consumer discretionary stocks on Friday. Notable gainers include Kaival Brands Innovations (KAVL), SRIVARU Holding (SVMH), and MOGU (MOGU). On the losing side, AMMO (POWW), Zapp Electric Vehicles (ZAPP), and RH (RH) experienced substantial declines, with earnings reports influencing some of these movements.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 4:32 pm

ATRenew has renewed its business cooperation agreement with JD.com. The partnership will continue to focus on user traffic, technology support, and logistics, aiming to enhance customer experiences in the second-hand market.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 9:04 am

ATRenew Inc. (NYSE:RERE) reported strong Q1 revenue growth and predicted similar gains for Q2, driven by China's national recycling campaign and strong ties with JD.com (NASDAQ:JD). Despite a 4.2% drop in stock price on the announcement day, ATRenew's stock has more than doubled since early February. The company benefits from JD.com's recycling initiatives and partnerships with Apple (NASDAQ:AAPL).

Portfolio Pulse from The Bamboo Works

May 29, 2024 | 1:42 pm

ATRenew Inc. (NYSE:RERE) reported strong Q1 revenue growth, driven by China's national recycling campaign and strong ties with JD.com (NASDAQ:JD). Despite a 4.2% stock drop on the announcement day, ATRenew's stock has more than doubled since early February. The company benefits from JD.com's recycling initiatives and has seen increased consumer trade-ins. ATRenew's partnerships with JD.com and Apple (NASDAQ:AAPL) have bolstered its performance, with significant gains in its refurbishment business.

Portfolio Pulse from The Bamboo Works

May 24, 2024 | 3:28 pm

ATRenew Inc (NYSE:RERE) reported a revenue beat for Q1, with total net revenue of $505.7 million, representing a 27.1% year-over-year growth. Despite this, shares declined by 3.41% to $2.55. The company is expanding its multi-category recycling business and leveraging trade-in policies to secure high-quality supplies. Analysts are mostly bullish with an average target price of $3.15.

Portfolio Pulse from Priya Nigam

May 22, 2024 | 6:53 pm

Virios Therapeutics shares fell 47.6% after pricing a $1.7 million public offering. Other notable movers include MultiMetaVerse Holdings, GT Biopharma, and Faraday Future Intelligent Electric, among others.

Portfolio Pulse from Avi Kapoor

May 20, 2024 | 5:28 pm

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