Michael Burry of ‘The Big Short' fame is known for his deft handling of the 2008 subprime mortgage crisis, which netted him $100 million and his clients seven times as much. However, he hasn't been resting on his laurels — through his firm, Scion Asset Management, Burry remains quite an active investor.
After reaching an important support level, The RealReal, Inc. (REAL) could be a good stock pick from a technical perspective. REAL recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
The RealReal's shift to a consignment model has driven revenue growth, improved gross margins, and increased active buyers, leading to strong Q3 performance. GMV growth re-accelerated to 6% y/y in Q3, while the company also gained trailing 3-moonth active buyers. REAL is pushing its luxury sales managers to procure products with higher GMV and margins, which should help the company retain richer margins into FY25.
REAL posts Q3 2024 results with an 11% revenue increase and a 6% rise in GMV. The company raises its 2024 guidance.
For Rati Sahi Levesque, newly appointed CEO at secondhand luxury goods marketplace The RealReal, her first week at the company's helm was a promising one. In a marketplace driven by value-conscious consumers, The RealReal reported third-quarter earnings Monday (Nov. 4) that exceeded expectations.
The RealReal, Inc. (NASDAQ:REAL ) Q3 2024 Earnings Conference Call November 4, 2024 5:00 PM ET Company Participants Caitlin Howe - Senor Vice President of Finance Rati Levesque - Chief Executive Officer & President Ajay Gopal - Chief Financial Officer Conference Call Participants Mark Altschwager - Baird Ashley Owens - KeyBanc Capital Markets Bobby Brooks - Northland Capital Markets Marvin Fong - BTIG Jay Sole - UBS Operator Good day and thank you for standing by. Welcome to the RealReal Third Quarter 2024 Financial Results Conference Call.
The RealReal has appointed President and Chief Operating Officer Rati Sahi Levesque as president and CEO and as a member of the board. Levesque succeeds John Koryl, who has left the company and is no longer on the board, the online marketplace for resale luxury goods said in a Monday (Oct. 28) press release.
Here is how The RealReal (REAL) and Reservoir Media, Inc. (RSVR) have performed compared to their sector so far this year.
The RealReal (REAL) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
The RealReal stock fell 30% post-Q2 results, despite a healthy earnings beat. Investors criticized the company's full-year revenue and GMV cut, which bakes in potential macro headwinds (though the company has noted it has felt little macro impacts to date). Management still expects GMV to accelerate in the back half of FY24, driven by the company's higher-margin consignment business, which is also still adding active buyers.
The RealReal (REAL) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.30 per share a year ago.
The RealReal, Inc. (NASDAQ:REAL ) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Caitlin Howe - SVP of Finance John Koryl - CEO Rati Levesque - President and COO Ajay Gopal - CFO Conference Call Participants Chandana Madaka - KeyBank Capital Markets Marvin Fong - BTIG Operator Good day and thank you for standing by. Welcome to the RealReal Second Quarter 2024 Financial Results Conference Call.