ARKO Sees Q2 2024 Adj. EBITDA $70M-$77M
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/14/2023 | $10.00 → $8.00 | Outperform → Market Perform | BMO Capital Markets |
| 8/9/2023 | $11.00 | Buy | Odeon |
| 5/25/2022 | $7.75 | Equal Weight | Wells Fargo |
BMO Capital Markets downgraded ARKO Corp. from Outperform to Market Perform and set a new price target of $8.00 from $10.00 previously
Odeon initiated coverage of ARKO Corp. with a rating of Buy and set a new price target of $11.00
Wells Fargo initiated coverage of ARKO Corp. with a rating of Equal Weight and set a new price target of $7.75
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 market landscape, GPM recognizes the importance of investing in top-tier talent to maintain its competitive edge and continue delivering exceptional products/services to its customers su
RICHMOND, Va., Jan. 31, 2024 (GLOBE NEWSWIRE) -- ARKO Corp. (NASDAQ:ARKO), a Fortune 500 company and one of the largest convenience store operators in the United States ("ARKO" or the "Company"), announced today that the Company has launched its delicious, inflation-busting $4.99 whole pizza in stores across the Company's Family of Community Brands. "Having a value pizza offering is table stakes for convenience store operators, and we have raised the ante with the exceptional quality resulting from a thorough research and development process executed in concert with a premier pizza innovation team," said Arie Kotler, Chairman, President, and Chief Executive Officer of ARKO. "We strongly
RICHMOND, Va., Dec. 21, 2023 (GLOBE NEWSWIRE) -- 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 that the Company has appointed Robert E. Giammatteo as its Executive Vice President and Chief Financial Officer, effective January 2, 2024. Mr. Giammatteo will also serve as Chief Financial Officer of ARKO subsidiary GPM Investments, LLC. Mr. Giammatteo's appointment is the culmination of a process to identify a successor for Don Bassell, the Company's current Chief Financial Officer, who at the beginning of 2023 announced his intention to retire by the end of the year. Mr. Gi
4 - ARKO Corp. (0001823794) (Issuer)
4 - ARKO Corp. (0001823794) (Issuer)
4 - ARKO Corp. (0001823794) (Issuer)
BMO Capital analyst Kelly Bania maintains ARKO (NASDAQ:ARKO) with a Market Perform and lowers the price target from $7 to $6.
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RICHMOND, Va., Nov. 07, 2024 (GLOBE NEWSWIRE) -- 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 third quarter ended September 30, 2024. Third Quarter 2024 Key Highlights (vs. Year-Ago Quarter)1,2 Net income for the quarter was $9.7 million compared to $21.5 million.Adjusted EBITDA for the quarter was $78.8 million, as compared to $87.3 million for the prior year period; performance for the quarter was at the midpoint of the Company's previously issued guidance of $70 million to $86 million.Retail fuel margin for the quarter was
RICHMOND, Va., Oct. 24, 2024 (GLOBE NEWSWIRE) -- ARKO Corp. (NASDAQ:ARKO) (the "Company") a Fortune 500 company and one of the largest convenience store operators in the United States, today announced that the Company will host a conference call on Thursday, November 7, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2024. ARKO Corp.'s management team will host the conference call, followed by a question-and-answer period. The Company will provide its financial results in a press release prior to the call. Date: Thursday, November 7, 2024Time: 5:00 p.m. Eastern timeToll-free dial-in number: (800) 343-4136International dial-in numb
RICHMOND, Va., Aug. 28, 2024 (GLOBE NEWSWIRE) -- ARKO Corp. (NASDAQ:ARKO), a Fortune 500 company and one of the largest convenience store operators in the United States, today announces the opening of its newest Handy Mart store in Newport, North Carolina. Officially open as of August 26th, the 5,600-square-foot store, located at 2934 Highway 24, offers delicious food and beverage selection, including fresh coffee, Frazil frozen drinks, and a variety of grab-and-go items like breakfast sandwiches, donuts, cheeseburgers and fried chicken. Additionally, the store offers its delicious, high-value $4.99 pizza, both take-and-bake and served hot, 2 for $3.33 Nathan's hot dogs and $2.99 Tyson
RICHMOND, Va., Nov. 07, 2024 (GLOBE NEWSWIRE) -- 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 third quarter ended September 30, 2024. Third Quarter 2024 Key Highlights (vs. Year-Ago Quarter)1,2 Net income for the quarter was $9.7 million compared to $21.5 million.Adjusted EBITDA for the quarter was $78.8 million, as compared to $87.3 million for the prior year period; performance for the quarter was at the midpoint of the Company's previously issued guidance of $70 million to $86 million.Retail fuel margin for the quarter was
RICHMOND, Va., Oct. 24, 2024 (GLOBE NEWSWIRE) -- ARKO Corp. (NASDAQ:ARKO) (the "Company") a Fortune 500 company and one of the largest convenience store operators in the United States, today announced that the Company will host a conference call on Thursday, November 7, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2024. ARKO Corp.'s management team will host the conference call, followed by a question-and-answer period. The Company will provide its financial results in a press release prior to the call. Date: Thursday, November 7, 2024Time: 5:00 p.m. Eastern timeToll-free dial-in number: (800) 343-4136International dial-in numb
RICHMOND, Va., Aug. 06, 2024 (GLOBE NEWSWIRE) -- 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 second quarter ended June 30, 2024. Second Quarter 2024 Key Highlights (vs. Year-Ago Quarter)1,2 Net income for the quarter was $14.1 million compared to $14.5 million, with recent acquisitions and higher fuel margin partially offsetting continued declines in gallon demand and lower same store merchandise contribution.Adjusted EBITDA for the quarter was $83.8 million compared to $86.2 million, which was above the Company's previously issued g
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