The IPO of ARKO Petroleum Corp (APC) marks a strategic shift to 'ARKO 2.0', separating the retail business from wholesale and fleet fueling to unlock shareholder value and provide clearer economics. Management attributes the 16% growth in Adjusted EBITDA to internal execution across dealerization, remodels, and loyalty programs rather than favorable macro conditions. The dealerization strategy has successfully reduced fixed costs and maintenance CapEx, contributing a $5 million benefit to operating in ...