La catena delle opzioni mostra i dati chiave delle opzioni azionarie di RealReal a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per RealReal..

RealReal (NASDAQ:REAL) Azioni, Catena delle Opzioni

RealReal

The RealReal is the largest pure-play luxury resale platform in the US, generating $1.7 billion in 2023 gross merchandise volume and addressing a niche (personal luxury resale) that had previously been serviced by inefficient upscale boutiques and local pawn shops. The company generates revenue via consignment and first-party sales on its online marketplace, and through a small volume of direct sales. With a hands-on approach that actively sources inventory and authenticates every item on its platform, The RealReal is able to justify much higher take rates than peers, working out to roughly 34% of net merchandise value, which excludes returns, cancellations, and first-party sales.

The RealReal Inc

REAL ESTATE CR INVTS LTD by REAL ESTATE CR INVTS LTD.

REALTEK SEMICNDCTR CORP by Realtek Semiconductor Corp.

ReAlpha Tech Corp

REAL AMER CAP CORP by Real American Capital Corp.

Real American Capital Corp

Real Brands Inc

Real Estate Select Sector SPDR Fund (The)

Real Good Food PLC

REAL LUCK GROUP LTD by Real Luck Group, Ltd.

Real Luck Group Ltd

REAL MATTERS INC ORD by Real Matters Inc.

Real Matters Inc

Real Messenger Corporation - Ordinary Shares

Real Messenger Corp

Real Messenger Corporation - Warrants

REAL SECURITY CO INC by Real Security Co., Inc. (The)

Real Security Co Inc

RealFevr

RealTract

Realbotix Corp

REALITY RACING INC by Reality Racing, Inc.

Reality Racing Inc

REALTEK SEMICONDUCTOR144A by Realtek Semiconductor Corp.

Realtek Semiconductor Corp

Realty Income Corp

<h3>Companies Reporting Before The Bell</h3>
• Vestis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) is likely to report quarterly earnings at $0.13 per share on revenue of $690.99 million. 
• Nano X Imaging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNOX#NASDAQ">NNOX</a>) is expected to report quarterly loss at $0.15 per share on revenue of $3.53 million. 
• Warner Music Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>) is estimated to report quarterly earnings at $0.31 per share on revenue of $1.60 billion. 
• Construction Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>) is estimated to report quarterly earnings at $0.57 per share on revenue of $538.05 million. 
• Cerence (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNC#NASDAQ">CRNC</a>) is projected to report quarterly loss at $0.38 per share on revenue of $47.65 million. 
• BJ's Wholesale Club (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) is projected to report quarterly earnings at $0.93 per share on revenue of $5.11 billion. 
• Ituran Location &amp; Control (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRN#NASDAQ">ITRN</a>) is projected to report quarterly earnings at $0.66 per share on revenue of $85.44 million. 
• Baozun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZUN#NASDAQ">BZUN</a>) is projected to report earnings for its third quarter. 
• Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $316.23 million. 
• Atkore (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATKR#NYSE">ATKR</a>) is projected to report quarterly earnings at $2.47 per share on revenue of $748.32 million. 
• iQIYI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $1.02 billion. 
• GreenTree Hospitality Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHG#NYSE">GHG</a>) is likely to report earnings for its third quarter. 
• PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) is projected to report quarterly earnings at $2.82 per share on revenue of $14.47 billion. 
• Deere (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) is projected to report quarterly earnings at $3.87 per share on revenue of $9.35 billion. 
• KE Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $3.23 billion. 
• Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) is expected to report quarterly earnings at $2.35 per share on revenue of $4.69 billion. 
• Yunji (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YJ#NASDAQ">YJ</a>) is likely to report earnings for its third quarter. 
• Evogene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGN#NASDAQ">EVGN</a>) is projected to report quarterly loss at $1.01 per share on revenue of $2.85 million. 
• Lotus Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOT#NASDAQ">LOT</a>) is expected to report earnings for its third quarter. 
• RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) is projected to report earnings for its fourth quarter. 
<h3>Companies Reporting After The Bell</h3>
• Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) is estimated to report quarterly earnings at $0.37 per share on revenue of $1.10 billion. 
• UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) is likely to report quarterly loss at $0.29 per share on revenue of $1.65 billion. 
• Matthews International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATW#NASDAQ">MATW</a>) is likely to report quarterly earnings at $0.38 per share on revenue of $440.46 million. 
• Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $3.81 billion. 
• Logility Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGTY#NASDAQ">LGTY</a>) is projected to report quarterly earnings at $0.09 per share on revenue of $25.93 million. 
• Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) is estimated to report quarterly earnings at $0.38 per share on revenue of $354.28 million. 
• Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) is estimated to report quarterly earnings at $1.40 per share on revenue of $5.15 billion. 
• NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) is estimated to report quarterly earnings at $1.78 per share on revenue of $1.64 billion. 
• Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) is estimated to report quarterly earnings at $2.36 per share on revenue of $3.14 billion. 
• Geospace Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) is projected to report earnings for its fourth quarter. 
• Natural Grocers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVC#NYSE">NGVC</a>) is expected to report earnings for its fourth quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

ATKR

BEKE

BIDU

BZUN

CPRT

CRNC

ESTC

EVGN

GEOS

INTU

ITRN

LGTY

MATW

NGVC

NNOX

NTAP

Citigourp Global Markets 2% Protected Notes Linked To The Djia

REAL

ROAD

ROST

SCVL

VSTS

Earnings Scheduled For November 21, 2024

RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) is gearing up to announce its quarterly earnings on Monday, 2024-11-04. Here's a quick overview of what investors should know before the release.
Analysts are estimating that RealReal will report an earnings per share (EPS) of $-0.09.
Anticipation surrounds RealReal's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Earnings History Snapshot</h3>
In the previous earnings release, the company beat EPS by $0.01, leading to a 23.23% drop in the share price the following trading session.
Here's a look at RealReal's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.09</td>
<td>-0.14</td>
<td>-0.16</td>
<td>-0.11</td>
<td>-0.26</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.09</td>
<td>-0.13</td>
<td>-0.12</td>
<td>-0.07</td>
<td>-0.15</td>
</tr>
<tr>
<td>Price Change %</td>
<td>20.0%</td>
<td>-23.0%</td>
<td>8.0%</td>
<td>56.00000000000001%</td>
<td>24.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1732111337_0.png" alt="eps graph" />
<h3>Tracking RealReal's Stock Performance</h3>
Shares of RealReal were trading at $4.32 as of November 19. Over the last 52-week period, shares are up 94.59%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/REAL/earnings">To track all earnings releases for RealReal visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: RealReal's Earnings

UBS analyst Kunal Madhukar maintains RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) with a Neutral and raises the price target from $3 to $3.25.

News

Price Target

Analyst Ratings

UBS Maintains Neutral on RealReal, Raises Price Target to $3.25

WIIM

The RealReal shares are trading higher after the company reported better-than-expected Q3 financial results and issued Q4 revenue guidance above estimates.

RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) affirms FY2024 sales outlook from $595.00 million-602.00 million to $595.00 million-602.00 million.

Guidance

RealReal Affirms FY2024 Sales Guidance from $595.00M-602.00M to $595.00M-602.00M

RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) sees Q4 sales of $158.000 million-165.000 million vs $157.81 million estimate.

RealReal Sees Q4 Sales $158.000M-165.000M vs $157.81M Est

RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) reported quarterly losses of $(0.09) per share which met the analyst consensus estimate. The company reported quarterly sales of $147.755 million which beat the analyst consensus estimate of $142.017 million by 4.04 percent. This is a 10.95 percent increase over sales of $133.172 million the same period last year.

Earnings Beats

RealReal Q3 2024 Adj. EPS $(0.09), Inline, Sales $147.755M Beat $142.017M Estimate

The RealReal Sees FY24 Revenue $595M-$602M Up From $580M-$595M Vs $585.204M Est.

The RealReal Sees Prelim. Q3 Revenue $147.8M Vs $139.172M Est.

Management

The RealReal Appoints Rati Sahi Levesque As CEO; Succeeds John Koryl

Michael Burry, the investor renowned for his prescient bet against the housing market before the 2008 financial crisis, has seen his recent wager on <a href="https://www.benzinga.com/markets/asia/24/08/40386342/big-short-fame-michael-burry-bets-big-on-china-reveals-alibaba-as-top-holding-jd-com-and-baidu-also">Chinese stocks yield significant returns</a>. 
What Happened: Burry&#8217;s top three Chinese holdings have surged an average of 59.39% within two months, according to regulatory filings and market data.
Burry&#8217;s hedge fund, Scion Asset Management, made substantial changes to its portfolio in the second quarter of 2024. The fund&#8217;s latest 13F report, filed with the U.S. Securities and Exchange Commission on Aug. 14, revealed a notable shift toward Chinese tech giants.
Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Burry&#8217;s largest Chinese position with 155,000 shares, saw its stock price climb from $73.40 on the filing date to a peak of $117.52 on Monday — a 60.11% increase. The stock has since retreated to $91.94 amid a <a href="https://www.benzinga.com/markets/asia/24/10/41243227/chinese-stocks-plunge-as-hang-seng-drops-1-39-extending-volatile-streak-tech-giants-jd-com-alibaba-b">broader sell-off in Chinese equities</a>.
Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), in which Scion holds 75,000 shares, experienced a 36.29% surge from $83.99 to a Monday high of $114.47. It now trades at $106.01.
JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), representing Burry&#8217;s third-largest Chinese bet with 250,000 shares, skyrocketed 81.78% from $25.90 to $47.08 before settling at $43.54.
The impressive gains in these Chinese stocks stand in stark contrast to the performance of Burry&#8217;s American holdings. Molina Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) has dropped 4.11% over the same period, while Shift4 Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOUR#NYSE">FOUR</a>) has risen a more modest 13.26%.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41246126/ray-dalio-issues-stark-warning-as-investors-get-optimistic-about-china-again-theres-something-bi">Ray Dalio Issues Stark Warning As Investors Get Optimistic About China Again: &#8216;There&#8217;s Something Big Going On&#8230;&#8217;</a>
Why It Matters: Burry&#8217;s pivot to Chinese equities came just before a significant rally in the sector, fueled by expectations of government stimulus. However, the rally faltered on Monday when Beijing&#8217;s announced <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41227136/chinese-stocks-plunge-as-stimulus-hopes-fade-hong-kong-posts-worst-daily-decline-si">measures fell short of market expectations</a>.
The investor&#8217;s other notable holdings include The RealReal Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>), Olaplex Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLPX#NASDAQ">OLPX</a>), and American Coastal Insurance Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>). BioAtla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCAB#NASDAQ">BCAB</a>), a clinical-stage biopharmaceutical company, also represents a smaller position in the portfolio.
Earlier this year, Burry made headlines for substantial investments in gold and renewable energy while <a href="https://www.benzinga.com/markets/asia/24/05/38878116/big-short-investor-michael-burry-bets-heavy-on-gold-renewable-energy-stocks-exits-amazon-alphabet">exiting positions in major U.S. tech companies</a> like Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>).
Investors should note that 13F reports, typically filed 45 days after each quarter&#8217;s end, only disclose holdings in U.S. equity securities and do not provide information on the timing of purchases or sales, <a href="https://www.sec.gov/divisions/investment/13ffaq">according</a> to the SEC. While these reports offer valuable insights into market trends and institutional strategies, they represent a snapshot of holdings at a specific point in time.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41247174/us-stocks-set-to-open-marginally-lower-nvidia-gains-traders-eye-fed-minutes-strategist-predicts-man">US Stocks Set To Open Marginally Lower, Nvidia Gains, Traders Eye Fed Minutes: Strategist Predicts Many More Years Of Gains Ahead Of Bull Market&#8217;s 2nd Anniversary</a></li>
</ul>
Michael Burry&#8217;s illustration was created using artificial intelligence.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Markets

ACIC

AMZN

BABA

BCAB

FOUR

GOOG

GOOGL

OLPX

'Big Short' Investor Michael Burry's China Bet Pays Off As Top Picks Surge Nearly 60% In 2 Months

Northland Capital Markets analyst Robert Brooks initiates coverage on RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) with a Outperform rating and announces Price Target of $6.

Initiation

Northland Capital Markets Initiates Coverage On RealReal with Outperform Rating, Announces Price Target of $6

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has The RealReal (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/real#NASDAQ">REAL</a>) been one of those stocks this year? Let&#39;s take a closer look at the stock&#39;s year-to-date performance to find out.
The RealReal is one of 279 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. The RealReal is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for REAL&#39;s full-year earnings has moved 7.5% higher. This signals that analyst sentiment is improving and the stock&#39;s earnings outlook is more positive.
Based on the latest available data, REAL has gained about 13.4% so far this year. Meanwhile, stocks in the Consumer Discretionary group have lost about 2.7% on average. This means that The RealReal is outperforming the sector as a whole this year.
Reservoir Media, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rsvr#NASDAQ">RSVR</a>) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 2.8%.
In Reservoir Media, Inc.&#39;s case, the consensus EPS estimate for the current year increased 12.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, The RealReal belongs to the Consumer Products - Discretionary industry, a group that includes 25 individual stocks and currently sits at #103 in the Zacks Industry Rank. This group has gained an average of 19.9% so far this year, so REAL is slightly underperforming its industry in this area.
Reservoir Media, Inc. however, belongs to the Media Conglomerates industry. Currently, this 15-stock industry is ranked #26. The industry has moved -4.4% so far this year.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to The RealReal and Reservoir Media, Inc. as they could maintain their solid performance.
<a href="https://www.zacks.com/stock/news/2333382/is-the-realreal-real-stock-outpacing-its-consumer-discretionary-peers-this-year?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_1-2333382">To read this article on Zacks.com click here.</a>

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Is The RealReal Stock Outpacing Its Consumer Discretionary Peers This Year?

<h4>Key Takeaways:</h4>
<ul>
<li>ATRenew posted strong revenue growth in the second quarter and predicted similar trends in the third, as it banks on rising demand from value-conscious consumers</li>
<li>The recycling specialist is placing greater emphasis on its higher-margin businesses, which it is pursuing partly through growing ties with partners Apple and JD.com</li>
</ul>
&nbsp;&nbsp;
By Doug Young
The&nbsp;<a href="https://www.prnewswire.com/news-releases/atrenew-inc-reports-unaudited-second-quarter-2024-financial-results-302226212.html">latest financial report</a>&nbsp;from recycling specialist&nbsp;ATRenew Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rere#NYSE">RERE</a>) shows continued progress on several fronts, including improving margins as it emphasizes more profitable businesses and tweaks a major partnership with global smartphone giant&nbsp;Apple&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>).
At the more macro level, the report&rsquo;s highlights include the company&rsquo;s significant deepening of ties with longtime e-commerce partner&nbsp;JD.com&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jd#NASDAQ">JD</a>) through a major new multiyear agreement. That pairing, along with the Apple tie-up launched last year, are rapidly emerging as key partnerships for ATRenew as China aggressively rolls out new policies to achieve its twin goals of boosting consumption and promoting the circular economy.
While other Chinese companies have reported slowing revenue growth as China&rsquo;s economy slows, ATRenew has bucked that trend by maintaining strong double-digit gains by syncing with government priorities and catering to increasingly value-conscious consumers. It forecast that growth would continue into the third quarter as more Chinese cities roll out new programs aimed at boosting consumption through increasingly popular trade-in programs.
&ldquo;We have witnessed a significant shift in consumer behavior with trade-ins becoming a more mainstream choice for consumers seeking to upgrade their electronic products,&rdquo; said ATRenew founder and Chairman Kerry Chen on the company&rsquo;s earnings call last week. &ldquo;Looking ahead to the second half of the year, we anticipate that national policies promoting consumer product trade-ins will provide greater certainty for the industry.&rdquo;
ATRenew reported its revenue grew 27.4% in the second quarter to 3.78 billion yuan ($530 million), slightly topping the high end of its previous guidance range. It predicted the figure would continue growing at a similar rate of between 22% and 25% in the third quarter, potentially topping the 4 billion yuan mark just a year after passing 3 billion yuan.
The big majority of the company&rsquo;s revenue, about 90%, comes from product sales, which grew 29% during the quarter year-on-year, with the rest coming from services.
The company has been honing its operations in the last two years to focus on the most profitable businesses of product refurbishment and directly selling to consumers. Both of those offer higher margins than simpler trading in smartphones, electronics and other products with middlemen buyers and agents. It announced that revenue from its direct-selling business more than doubled in the second quarter, rising 125% year-on-year to 960 million yuan, accounting for about a quarter of its total.
The company also posted strong gains for its two-year-old non-electronics recycling business, which includes such categories as designer bags, gold and even vintage liquors. Transaction value for that part of the business reached 900 million yuan in the second quarter, ahead of 600 million yuan in the previous quarter and up by nearly 400% year-on-year.
The company&rsquo;s non-GAAP operating margin improved by 0.7 percentage points to 2.5%, helping to lift its adjusted net profit to a record 80.5 million yuan from 36.4 million yuan year-on-year. It lost money on a net basis, though the loss narrowed to 10.7 million yuan from 64.8 million yuan a year earlier.
<h4>Growing JD ties</h4>
Despite the broadly upbeat report, ATRenew&rsquo;s shares fell 11.3% the day it announced its results, though they pared some of those losses in the following days. The bigger story is a broader rally for the company&rsquo;s shares, which are up about 35% so far this year, outpacing a far smaller 4% gain for the broader iShares MSCI China ETF.
The stock trades at valuations levels comparable with its global recycling peers, though most of those stocks look relatively undervalued. Its price-to-sales (P/S) ratio currently stands at 0.31, which trails the 0.49 for&nbsp;The RealReal&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/real#NASDAQ">REAL</a>) but leads the 0.14 for&nbsp;Rent the Runway&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rent#NASDAQ">RENT</a>). All those numbers are well behind the 2.79 P/S for used car trader&nbsp;Carvana&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvna#NYSE">CVNA</a>), showing the kind of valuations the other companies could someday fetch.
Next, we&rsquo;ll turn to the new JD.com tie-up, and also look at some of the other developments mentioned earlier. ATRenew is a longtime partner of JD.com, and the latter is a major ATRenew stakeholder with 34% of its shares. ATRenew said the pair signed a new agreement in May running through the end of 2027 that will see them &ldquo;continue to cooperate in the second-hand business by integrating resources and leveraging their respective strengths.&rdquo;
That&rsquo;s quite significant, since JD.com is one of China&rsquo;s top online electronics sellers and has recently ramped up its drive to promote used electronics in sync with the government&rsquo;s latest priorities. As that happens, the value of ATRenew&rsquo;s products traded through JD.com&rsquo;s various platforms doubled in May from a year earlier, and also grew by a similar amount during the June 18 shopping festival, a major online event.
At the same time, ATRenew has been tweaking its other major partnership for iPhone recycling with Apple, which dates back to last year. The company said the partnership had the potential to add up to 1.5 billion yuan to its annual revenue, but it got off to a shaky start due to low margins. Over the past year, however, ATRenew has been tweaking the program and said it achieved the important milestone of a positive gross margin for the business in the second quarter.
More broadly, ATRenew said a growing number of Chinese cities are rolling out programs to encourage trade-ins of used electronics, following the central government&rsquo;s release of an action plan in March for such large-scale trade-ins of consumer goods. The southern metropolis of Shenzhen rolled out a program in July to encourage smartphone trade-ins, and Chen said other cities are now crafting their own phone-specific subsidies at the local level.
&ldquo;In the second half of the year, we expect more cities to introduce similar subsidies, further promoting the effective recycling of items, electronic products within the circular economy,&rdquo; he said.
As it continued to sharpen its focus on its most profitable business lines, and continued efforts to improve efficiency through more automation of its inspection processes and recycling at the city level, ATRenew&rsquo;s operating loss narrowed sharply 5.6 million yuan in the second quarter from 61 million yuan a year earlier. While the company operates profitably on a non-GAAP basis, it could soon also operate profitably on a GAAP basis as well if current trends continue, representing another symbolic milestone for its profitability metrics.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Asia

AAPL

CVNA

RENT

RERE

ATRenew Posts Market-Defying Growth As Partnerships With JD.com, Apple Advance

Famed investor Michael Burry, known for his prescient bet against the housing market before the 2008 financial crisis, has made significant changes to his hedge fund&#8217;s portfolio in the second quarter of 2024. 
What Happened: Scion Asset Management, based in Saratoga and run by Burry, filed its latest 13F report with the U.S. Securities and Exchange Commission on Wednesday, revealing a notable shift in investment strategy.
Key Highlights:
<ol>
<li>Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Takes Top Spot: Chinese e-commerce giant Alibaba has become Scion&#8217;s largest holding, with a position valued at approximately $11.16 million, consisting of 155,000 shares.</li>
<li>Tech Focus: The portfolio shows a continued interest in Chinese tech companies, with significant positions in Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) with 75,000 shares valued at $6.49 million, and JD.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) with 250,000 shares valued at $6.46 million.</li>
<li>Healthcare and Fintech: Molina Healthcare Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) and Shift4 Payments Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOUR#NYSE">FOUR</a>) represent substantial investments, valued at $7.29 million and $7.34 million respectively.</li>
<li>Real Estate Exposure: Hudson Pacific Properties Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPP#NYSE">HPP</a>) stands out as a significant real estate play, with over 1.1 million shares valued at $5.50 million.</li>
<li>Emerging Biotech: BioAtla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCAB#NASDAQ">BCAB</a>), a clinical-stage biopharmaceutical company, represents a smaller but noteworthy position in the portfolio.</li>
</ol>
Other notable holdings include The RealReal Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>), Olaplex Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLPX#NASDAQ">OLPX</a>), and American Coastal Insurance Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>).
See Also: <a href="https://www.benzinga.com/markets/equities/24/08/40329069/cathie-wood-seizing-low-valuation-opportunity-among-magnificent-7-ark-invest-snaps-up-2-4m-in-al?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood Seizing Low-Valuation Opportunity Among Magnificent 7? Ark Invest Snaps Up $2.4M In Alphabet Shares</a>
Why It Matters: This latest filing offers insight into Burry&#8217;s current market outlook, suggesting a diverse approach with significant bets on Chinese technology firms, U.S. healthcare, fintech, and select real estate opportunities. 
In May, Burry made headlines for his substantial investments in <a href="https://www.benzinga.com/markets/asia/24/05/38878116/big-short-investor-michael-burry-bets-heavy-on-gold-renewable-energy-stocks-exits-amazon-alphabet">gold and renewable energy</a>, while exiting positions in major tech companies like Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>). This pivot indicated a focus on physical commodities and sustainable energy sources.
In a related development, a <a href="https://www.benzinga.com/general/entertainment/24/07/39695004/elon-musk-warren-buffett-nancy-pelosi-jensen-huang-michael-saylor-who-you-sitting-by-on-a-p">recent poll highlighted </a>how investors seek advice from top figures like Elon Musk, Warren Buffett, and Burry himself, underscoring his influence in the investment community.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/08/40303410/warren-buffett-declares-shift-selling-apple-stock-to-invest-in-this-magnificent-megacap-heres-why?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Warren Buffett Declares Shift: Selling Apple Stock To Invest In This &#8216;Magnificent&#8217; Megacap – Here&#8217;s Why</a></li>
</ul>
Michael Burry illustration by Gonzalo Lanzilotta for
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Global

'Big Short' Fame Michael Burry Bets Big On China, Reveals Alibaba As Top Holding — JD.com And Baidu Also Feature On Scion's Portfolio

Baird analyst Mark Altschwager maintains RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) with a Neutral and lowers the price target from $4 to $3.5.

Baird Maintains Neutral on RealReal, Lowers Price Target to $3.5

Wedbush analyst Tom Nikic maintains RealReal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) with a Outperform and lowers the price target from $4.5 to $4.

Wedbush Maintains Outperform on RealReal, Lowers Price Target to $4

U.S. stock futures were higher this morning, with the Dow futures gaining around 300 points on Wednesday.
Shares of Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) dipped 15.8% to $109.68 after the company reported worse-than-expected second-quarter EPS results and issued third-quarter revenue <a href="https://www.benzinga.com/markets/equities/24/08/40213199/why-airbnb-stock-is-down-16-in-wednesday-pre-market">guidance below estimates</a>.
Airbnb's second-quarter sales of $2.748 billion exceeded the analyst consensus estimate of $2.738 billion, marking a 10.63% increase from the same period last year. However, the company's quarterly GAAP earnings of 86 cents per share fell short of the analyst consensus estimate of 92 cents, missing the mark by 6.52%.
ZoomInfo Technologies shares dipped 15.2% to $8.31 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Emergent BioSolutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBS#NYSE">EBS</a>) shares dipped 36.2% to $6.27 in pre-market trading after posting a loss for the second quarter.</li>
<li>Nevro Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVRO#NYSE">NVRO</a>) shares declined 31.1% to $5.99 in pre-market trading after the company reported worse-than-expected second-quarter sales results.</li>
<li>National Vision Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYE#NASDAQ">EYE</a>) dipped 24.8% to $10.50 in pre-market trading following weak quarterly sales.</li>
<li>Cryoport, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYRX#NASDAQ">CYRX</a>) shares slipped 23.5% to $5.95 in pre-market trading after posting weak quarterly sales.</li>
<li>The RealReal, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) dipped 19.4% to $2.50 in pre-market trading following second-quarter results.</li>
<li>Trex Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TREX#NYSE">TREX</a>) fell 16.7% to $63.75 in pre-market trading after the company reported worse-than-expected second-quarter sales results.</li>
<li>ACADIA Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACAD#NASDAQ">ACAD</a>) dipped 16.7% to $15.70 following second-quarter results.</li>
<li>Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) fell 16.5% to $21.48 in pre-market trading after the company reported worse-than-expected second-quarter revenue results.</li>
<li>Tripadvisor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>) fell 15.4% to $13.80 in pre-market trading after the company reported worse-than-expected second-quarter sales results.</li>
<li>Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) shares declined 14.2% to $9.41 following second-quarter financial results.</li>
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) dipped 8.1% to $13.60 after the company reported worse-than-expected quarterly adjusted EPS results.</li>
<li>Ashland Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASH#NYSE">ASH</a>) dipped 6.2% to $84.78 following weak quarterly sales.</li>
<li>Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) fell 3.8% to $113.05.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40194186/top-4-materials-stocks-which-could-rescue-your-portfolio-this-month">Top 4 Materials Stocks Which Could Rescue Your Portfolio This Month</a></li>
</ul>

Pre-Market Outlook

Movers

ABNB

ACAD

CYRX

EXPE

LYFT

NVRO

PGNY

RIVN

TREX

TRIP

Airbnb Reports Weak Earnings, Joins Cryoport, Tripadvisor, Lyft And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

RealReal shares are trading lower after the company reported Q2 financial results and issued Q3 revenue guidance below estimates.

Q3 and Full Year 2024 Guidance Based on market conditions as of August 6, 2024, we are updating our full year guidance and providing guidance for third quarter 2024 GMV, total revenue and Adjusted EBITDA, which is a Non-GAAP financial measure.
We have not reconciled forward-looking Adjusted EBITDA to net income (loss), the most directly comparable GAAP measure, because we cannot predict with reasonable certainty the ultimate outcome of certain components of such reconciliations including payroll tax expense on employee stock transactions that are not within our control, or other components that may arise, without unreasonable effort. For these reasons, we are unable to assess the probable significance of the unavailable information, which could materially impact the amount of future net income (loss).
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Q3 2024</td>
<td>Full Year 2024</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>GMV</td>
<td>$410 - $430 million</td>
<td>$1.79 - $1.82 billion</td>
</tr>
<tr>
<td>Total Revenue</td>
<td>$135 - $142 million</td>
<td>$580 - $595 million</td>
</tr>
<tr>
<td>Adjusted EBITDA</td>
<td>$(2) - $1 million</td>
<td>$0 - $6 million</td>
</tr>
</tbody>
</table>
</figure>

The RealReal Sees Q3 Revenue $135M-$142M Vs $144.15 Est.; FY24 Revenue $580M-$595M Vs $588.97M Est.

Realreal (REAL) has disclosed a new risk, in the Debt & Financing category. Realreal faces a significant risk in its pursuit of business growth, as...

Realreal's Growth Ambitions Threatened by Capital Challenges: Risks of Financing and Shareholder Impact

The RealReal: With Active Buyers And GMV Accelerating, I'm All In

Northland analyst Bobby Brooks raised the firm's price target on RealReal (REAL) to $6.50 from $6 and keeps an Outperform rating on the shares. Las...

RealReal price target raised to $6.50 from $6 at Northland

eCommerce Analyst Fong holds a meeting with CEO Koryl and CFO Gopal. in New York on November 13 hosted by BTIG. Published first on TheFly – the ult...

RealReal management to meet with BTIG

Unusual total active option classes on open include: Weyerhaeuser (WY), RealReal (REAL), Guggenheim S&P 500 Equal Weight (RSP), Amedisys (AMED), Tr...

Unusually active option classes on open November 13th

Michael Burry's Scion fund exits BioAtla, boosts Alibaba stake, adds puts: top Q3 trades

Michael Burry, a hedge fund manager who became famous thanks to his "Big Short" against the housing bubble in 2008, revealed his recent moves in a ...

Michael Burry Boosts His Bet on Chinese Stocks in Q3

RealReal (REAL – Research Report) received a Buy rating and a $6.50 price target from Northland Securities analyst Bobby Brooks, CFA today. The com...

RealReal (REAL) Has a New Rating from Northland Securities

BTIG analyst Marvin Fong raised the firm's price target on RealReal (REAL) to $5.50 from $4 and keeps a Buy rating on the shares. The firm hosted t...

RealReal price target raised to $5.50 from $4 at BTIG

The RealReal is seen as one of the bigger AI beneficiaries in the e-commerce sector

ACHR

AMED

JBLU

LUNR

SPCE

Press Releases

General

The RealReal 'Opens' an Installation on Canal Street, Starting a Conversation About Fakes

The RealReal Announces Timing of Its Second Quarter 2024 Earnings Conference Call

The RealReal Announces Second Quarter 2024 Results

Economics

The 2024 Luxury Resale Report: The RealReal Reveals Top Brands and Trends Shaping the Market

The RealReal to Participate in Fireside Chat Hosted by Wells Fargo

The RealReal Announces Timing of Its Third Quarter 2024 Earnings Conference Call

The RealReal and Conservation International Unite for a Star-Studded Closet Sale

The RealReal Appoints Rati Sahi Levesque as Chief Executive Officer

The RealReal Announces Third Quarter 2024 Results

PROG Holdings Appoints Two New Independent Directors to Board

SHLS

TSX:NVEI

American Eagle Outfitters, Inc. Common Stock

American Eagle Outfitters

a.k.a. Brands Holding

Abercrombie & Fitch

Buckle

Boot Barn Holdings

Burlington Stores

Caleres

Torrid Holdings

Designer Brands Inc. Class A Common Stock

Designer Brands

Foot Locker

Genesco

Guess

J.Jill

Lands' End

MYT Netherlands Parent B.V. American Depositary Shares, each representing one Ordinary Share

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