ARKO (ARKO)
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Is Trending Stock ARKO Corp. (ARKO) a Buy Now?
zacks.com· 2024-05-24 14:02
Core Viewpoint - ARKO Corp. has seen a significant stock performance increase of +25.6% over the past month, outperforming the Zacks S&P 500 composite's +4% and the Zacks Consumer Products - Staples industry's +0.8% [1] Earnings Estimates Revisions - For the current quarter, ARKO is expected to post earnings of $0.18 per share, reflecting a +63.6% change from the year-ago quarter, with the Zacks Consensus Estimate changing by +80% over the last 30 days [2] - The consensus earnings estimate for the current fiscal year is $0.54, indicating a year-over-year change of +125%, with a significant change of +494.5% over the last 30 days [3] - For the next fiscal year, the consensus earnings estimate is $0.49, indicating a -8.3% change from the previous year, with a recent change of +600% [3] Revenue Growth Potential - The consensus sales estimate for the current quarter is $2.41 billion, indicating a year-over-year change of -2.5%, while estimates for the current and next fiscal years are $9.17 billion and $9.15 billion, reflecting -2.6% and -0.2% changes respectively [5] Last Reported Results - ARKO reported revenues of $2.07 billion in the last quarter, representing a year-over-year change of -0.8%, with an EPS of -$0.02 compared to -$0.03 a year ago [6] - The reported revenues were below the Zacks Consensus Estimate of $2.11 billion, resulting in a surprise of -1.93%, while the EPS surprise was +88.24% [6] Valuation Metrics - ARKO is graded A on the Zacks Value Style Score, indicating it is trading at a discount to its peers [9] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is fairly valued, overvalued, or undervalued [7][8] Bottom Line - The Zacks Rank 1 suggests that ARKO may outperform the broader market in the near term, supported by the discussed earnings estimates and valuation metrics [10]
GPM Investments Now Offering Nathan's Famous Hot Dogs
Newsfilter· 2024-05-15 13:00
RICHMOND, Va., May 15, 2024 (GLOBE NEWSWIRE) -- GPM Investments, LLC ("GPM"), a wholly owned subsidiary of ARKO Corp. (NASDAQ:ARKO) a Fortune 500 company and one of the largest convenience store operators in the United States ("ARKO" or the "Company"), today announces it is now selling Nathan's Famous hot dogs. Nathan's Famous will be the Company's new supplier of quality, 100% all-beef hot dogs at more than 450 locations. This is a continuation of the Company's enhanced food program rollout, which aims to ...
ARKO (ARKO) - 2024 Q1 - Earnings Call Transcript
2024-05-12 12:02
Arko Corp. ( [ARKO] Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Arie Kotler - Chairman, President & CEO Rob Giammatteo - EVP & CFO Jordan Mann - IR Conference Call Participants Bobby Griffin - Raymond James Anthony Bonadio - Wells Fargo Ben Wood - BMO Capital Markets Karru Martinson - Jefferies Hal Holden - Barclays Mark Astrachan - Stifel Operator Greetings. Welcome to the Arko Corp. first quarter 2024 earnings conference call. [Operator Instructions] Please note this confe ...
Can ARKO (ARKO) Run Higher on Rising Earnings Estimates?
Zacks Investment Research· 2024-05-10 17:21
ARKO Corp. (ARKO) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisio ...
Wall Street Analysts See a 51.83% Upside in ARKO (ARKO): Can the Stock Really Move This High?
Zacks Investment Research· 2024-05-10 14:56
Shares of ARKO Corp. (ARKO) have gained 7.7% over the past four weeks to close the last trading session at $5.19, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $7.88 indicates a potential upside of 51.8%.The mean estimate comprises four short-term price targets with a standard deviation of $2.53. While the lowest estimate of $5 indicates a 3.7% decline from the current price l ...
ARKO Corp. (ARKO) Reports Q1 Loss, Misses Revenue Estimates
Zacks Investment Research· 2024-05-07 22:36
ARKO Corp. (ARKO) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 88.24%. A quarter ago, it was expected that this company would post earnings of $0.04 per share when it actually produced break-even earnings, delivering a surprise of -100%.Over the last four quarters, the company has surpasse ...
ARKO (ARKO) - 2024 Q1 - Quarterly Report
2024-05-07 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 001-39828 ARKO Corp. (Exact Name of Registrant as Specified in Its Charter) Delaware 85-2784337 (State or Other Jurisdiction of I ...
ARKO (ARKO) - 2024 Q1 - Quarterly Results
2024-05-07 20:01
Exhibit 99.1 ARKO Corp. Reports First Quarter 2024 Results ARKO Corp. (Nasdaq: ARKO) ("ARKO" or the "Company"), a Fortune 500 company and one of the largest convenience store operators in the United States, today announced financial results for the first quarter ended March 31, 2024. First Quarter 2024 Key Highlights (vs. Year-Ago Quarter) 1,2 • Net loss for the quarter was $0.6 million compared to $2.5 million. • Adjusted EBITDA for the quarter was $36.6 million compared to $47.5 million, with the variance ...
ARKO Corp. Subsidiary to Open New Handy Mart Store in Newport, North Carolina
Newsfilter· 2024-04-16 11:00
Core Insights - ARKO Corp. announced the groundbreaking of a new Handy Mart location in Newport, North Carolina, marking the second New To Industry location in the last 30 days [1] - The new store will feature a variety of food and beverage options, including fresh coffee, frozen drinks, and a selection of hot food items, emphasizing the company's focus on enhancing customer experience [2][3] - The store will also support ARKO's strategic pillars of growing sales in core categories, expanding the fas REWARDS loyalty program, and enhancing food and beverage services [3] Company Overview - ARKO Corp. is a Fortune 500 company and one of the largest convenience store operators in the U.S., owning 100% of GPM Investments, LLC [4] - The company operates in four segments: retail, wholesale, GPM Petroleum, and fleet fueling, providing a wide range of products and services [4] - The fas REWARDS loyalty program offers exclusive savings on merchandise and fuel, enhancing customer engagement and retention [4]
ARKO Corp. Subsidiary GPM Investments Ramps Up Hiring Initiative to Strengthen Workforce and Foster Growth – Seeking to Hire 1,500 Employees
Newsfilter· 2024-03-20 21:00
RICHMOND, Va., March 20, 2024 (GLOBE NEWSWIRE) -- GPM Investments, LLC ("GPM") a wholly owned subsidiary of ARKO Corp. (NASDAQ:ARKO) a Fortune 500 company and one of the largest convenience store operators in the United States, proudly announces the launch of a comprehensive hiring initiative aimed at prepping for the summer selling season. With a steadfast commitment to excellence and growth, GPM is dedicated to fostering a diverse and dynamic team to propel its mission forward. Amidst a rapidly evolving m ...