Arko Corp. operates convenience stores in the United States. It operates through three segments: Retail, Wholesale, and GPM Petroleum. The Retail segment engages in the sale of fuel and merchandise to retail consumers. The Wholesale segment supplies fuel to third-party dealers and consignment agents. The GPM Petroleum segment supplies fuel to sub-wholesalers and bulk purchasers. The company operates approximately 2,950 locations comprising approximately 1,350 company-operated stores and approximately 1,600 dealer sites. Arko Corp. is based in Richmond, Virginia.
IPO Year:
Exchange: NASDAQ
Website: arkocorp.com
| 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 |
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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
PASADENA, Calif., Sept. 25, 2023 (GLOBE NEWSWIRE) -- Near Intelligence, Inc. (NASDAQ:NIR), a global data intelligence platform that curates one of the world's largest sources of intelligence on people and places, today announced the appointment of two new members to its Board of Directors, effective September 19, 2023: Richard J. Salute, former Director of Capital Markets and SEC Practice at J.H. Cohn and CohnReznick LLP, and served in various leadership roles over 29 years at Arthur Andersen.Sherman Edmiston III, former managing director of Zolfo Cooper LLC (now Alix Partners), and currently a Managing Member of HI CapM Advisors, Ltd. "We're thrilled to bring these talented and
RICHMOND, Va., Dec. 14, 2021 (GLOBE NEWSWIRE) -- ARKO Corp. (NASDAQ:ARKO) ("ARKO" or the "Company"), the 6th largest convenience store chain in the U.S., announces that Ross Parman has been appointed Vice President of Investor Relations and Government Affairs. Parman will also manage and direct ARKO's investor and corporate communications, including relationships with investors and sell-side analysts. Prior to joining ARKO, Parman was Director of Communications for Altria, the largest tobacco company in the United States. He was responsible for communications initiatives across the enterprise, including regulatory and government affairs. Ross also previously held several senior roles in c
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., 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
RICHMOND, Va., July 25, 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 Tuesday, August 6, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 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: Tuesday, August 6, 2024Time: 5:00 p.m. Eastern timeToll-free dial-in number: (800) 245-3047International dial-in number: (203)
RICHMOND, Va., June 11, 2024 (GLOBE NEWSWIRE) -- ARKO Corp. (NASDAQ:ARKO) ("ARKO" or the "Company"), one of the largest convenience store operators and fuel wholesalers in the United States, today announced it was named to the 2024 Fortune 500 list for the third consecutive year. The yearly ranking highlights companies based on total revenue in the United States. ARKO ranked at No. 453, moving up 7 places on the list from its ranking in 2023 and 45 places from its 2022 debut at No. 498. "This achievement reflects the hard work and dedication of our entire team, as well as our commitment to strategic growth and operational excellence," said Arie Kotler, Chairman, President, and CEO of AR
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 provide the best quality food at the best prices available. With this new offering, the Company will elevate customers' dining experience by adding a juicy, delicious, and well-known pr
RICHMOND, Va., May 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 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 driven by lower fuel contribution, regulatory state-wide elimination of Virginia gaming income, and increases in same store operating expenses.Merchandise revenue increased 3.6% to $414.7 million.Merch
RICHMOND, Va., April 25, 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 Tuesday, May 7, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 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: Tuesday, May 7, 2024Time: 5:00 p.m. Eastern timeToll-free dial-in number: (800) 267-6316International dial-in number: (203) 518-
RICHMOND, Va., April 16, 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 its subsidiary GPM broke ground with a New To Industry Handy Mart branded location at 2934 Highway 24, Newport, North Carolina that is scheduled to open later this year. This location is the second announced New To Industry location in process that the Company has announced in the last 30 days. "We have been very happy with the performance of our Handy Mart stores, which we acquired in November of 2021, and our ability to improve performance at those stores," said Arie Kotle
RICHMOND, Va., April 09, 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"), has launched multiple deals and value-oriented promotions featuring its $4.99 pizza to last through the middle of May 2024 and lead into the summer season. As Spring rolls in, enrolled fas REWARDS® loyalty members can purchase a delicious pizza, available in cheese and pepperoni, coupled with tasty beverages for inflation-busting prices. "While we are still a short time away from our annual 100 days of summer promotions, in keeping
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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
Stifel initiated coverage of ARKO Corp. with a rating of Buy and set a new price target of $12.00
Raymond James initiated coverage of ARKO with a rating of Strong Buy and set a new price target of $13.00
Raymond James initiated coverage of Haymaker Acquisition Corp. II with a rating of Strong-Buy
BMO Capital Markets initiated coverage of ARKO Corp. with a rating of Outperform and set a new price target of $13.00
BMO Capital Markets initiated coverage of Haymaker Acquisition Corp. II with a rating of Outperform
BMO Capital analyst Kelly Bania maintains ARKO (NASDAQ:ARKO) with a Market Perform and lowers the price target from $7 to $6.
Shares of Upstart Holdings, Inc. (NASDAQ:UPST) fell sharply during Wednesday's session after the company reported first-quarter financial results and issued second-quarter revenue guidance below estimates. Upstart reported first-quarter revenue of $128 million, which beat the consensus estimate of $124.867 million, according to Benzinga Pro. Upstart expects second-quarter revenue of approximately $125 million versus estimates of $140.83 million. The company anticipates a second-quarter adjusted EBITDA loss of approximately $25 million. Upstart shares dipped 10.3% to $21.96 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Reborn Coffee, In
Gainers Cricut (NASDAQ:CRCT) stock rose 39.0% to $7.69 during Wednesday's regular session. The market value of their outstanding shares is at $1.6 billion. As per the news, the Q1 earnings report came out yesterday. Luminar Technologies (NASDAQ:LAZR) shares rose 31.8% to $2.17. The market value of their outstanding shares is at $968.9 million. As per the press release, Q1 earnings came out yesterday. Mullen Automotive (NASDAQ:MULN) stock rose 29.9% to $7.46. The company's market cap stands at $48.8 million. Latham Group (NASDAQ:SWIM) shares moved upwards by 21.07% to $3.62. The company's market cap stands at $417.6 million. As per the press release, Q1 earnings came out yesterday. ARKO
U.S. stocks were mixed, with the Dow Jones gaining around 70 points on Wednesday. Shares of Louisiana-Pacific Corporation (NYSE:LPX) rose sharply during Wednesday's session following better-than-expected first-quarter financial results. LPX reported net sales growth of 24% year-over-year to $724 million, beating the consensus of $688.85 million. Louisiana-Pacific shares climbed 15% to $83.93 on Wednesday. Here are some other big stocks recording gains in today's session. Cricut, Inc. (NASDAQ:CRCT) shares surged 31% to $7.25 after the company reported better-than-expected first-quarter GAAP EPS results. MaxCyte, Inc. (NASDAQ:MXCT) jumped 27.6% to $5.01 following upbeat qua
ARKO (NASDAQ:ARKO) reported quarterly losses of $(0.02) per share which beat the analyst consensus estimate of $(0.17) by 88.24 percent. This is a 33.33 percent increase over losses of $(0.03) per share from the same period last year. The company reported quarterly sales of $2.072 billion which missed the analyst consensus estimate of $2.079 billion by 0.32 percent. This is a 0.79 percent decrease over sales of $2.088 billion the same period last year.
Wells Fargo analyst Anthony Bonadio maintains ARKO (NASDAQ:ARKO) with a Equal-Weight and lowers the price target from $7 to $5.
Gainers Aterian (NASDAQ:ATER) stock increased by 5.8% to $2.69 during Thursday's after-market session. The market value of their outstanding shares is at $20.6 million. BurgerFi International (NASDAQ:BFI) stock increased by 4.99% to $0.51. The market value of their outstanding shares is at $13.7 million. Cango (NYSE:CANG) shares rose 4.83% to $1.51. The company's market cap stands at $203.4 million. Connexa Sports Techs (NASDAQ:CNXA) stock moved upwards by 4.62% to $1.13. The market value of their outstanding shares is at $208.7 million. CarParts.com (NASDAQ:PRTS) shares moved upwards by 3.94% to $1.58. The company's market cap stands at $89.4 million. ARKO (NASDAQ:ARKO) stock increase
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
RICHMOND, Va., July 25, 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 Tuesday, August 6, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 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: Tuesday, August 6, 2024Time: 5:00 p.m. Eastern timeToll-free dial-in number: (800) 245-3047International dial-in number: (203)
RICHMOND, Va., May 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 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 driven by lower fuel contribution, regulatory state-wide elimination of Virginia gaming income, and increases in same store operating expenses.Merchandise revenue increased 3.6% to $414.7 million.Merch
RICHMOND, Va., April 25, 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 Tuesday, May 7, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 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: Tuesday, May 7, 2024Time: 5:00 p.m. Eastern timeToll-free dial-in number: (800) 267-6316International dial-in number: (203) 518-
RICHMOND, Va., Feb. 27, 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 quarter and full year ended December 31, 2023. Fourth Quarter and Full Year 2023 Key Highlights1,2 Net income for the quarter was $1.1 million, compared to $12.9 million for the prior year quarter. For the year, net income was $34.6 million, compared to $72.0 million for the prior year.Adjusted EBITDA for the quarter was $65.5 million, compared to $72.4 million for the prior year quarter, primarily due to reduced fuel contribution at same stores, with re
RICHMOND, Va., Feb. 13, 2024 (GLOBE NEWSWIRE) -- ARKO Corp. (NASDAQ:ARKO) (the "Company") today announced that the Company will report results for the fourth quarter and full year ended December 31, 2023 on Tuesday, February 27, 2024 after the markets close in the United States. The Company will host a conference call to discuss these results at 10:00 a.m. Eastern Time on February 28, 2024. Investors and analysts interested in participating in the live call can dial 877-605-1792 or 201-689-8728. A simultaneous, live webcast will also be available on the Investor Relations section of the Company's website at https://www.arkocorp.com/news-events/ir-calendar. The webcast will be archived for
RICHMOND, Va., Nov. 06, 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 financial results for the quarter ended September 30, 2023. Third Quarter 2023 Key Highlights1 Net income for the quarter was $21.5 million, compared to $25.0 million for the prior year quarter.Adjusted EBITDA for the quarter was $91.2 million, compared to $99.5 million for the prior year quarter, primarily due to reduced fuel contribution at same stores, with retail cents per gallon ("CPG") of 40.3 in the current quarter compared to retail CPG of 44.8 in Q3 2022.Same store merch
RICHMOND, Va., Oct. 24, 2023 (GLOBE NEWSWIRE) -- ARKO Corp. (NASDAQ:ARKO) (the "Company") today announced that the Company will report results for the third quarter ended September 30th, on Monday, November 6, 2023, after U.S. markets close. The Company will host a conference call to discuss these results at 10:00 a.m. Eastern Time on November 7, 2023. Investors interested in participating in the live call can dial 877-605-1792 or (+1) 201-689-8728. A telephone replay will be available approximately two hours after the call concludes through November 21, 2023, by dialing 877-660-6853 or (+1) 201-612-7415 and entering confirmation code 13737981. There will also be a simultaneous, live web
RICHMOND, Va., Aug. 07, 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 financial results for the quarter ended June 30, 2023. Second Quarter 2023 Key Highlights1 Net income for the quarter was $14.5 million, compared to $31.8 million in the prior year quarter, primarily due to an approximately $15 million increase in depreciation and amortization expenses in connection with recent acquisitions, and favorable fair-value adjustments in the prior year quarter.Adjusted EBITDA for the quarter was $86.2 million, an increase of
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