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
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
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RICHMOND, Va., Dec. 01, 2024 (GLOBE NEWSWIRE) -- Today GPM Investments, LLC launched the MDA Holiday Retail Campaign in support of Muscular Dystrophy Association's (MDA) mission at approximately 1,500 locations across the United States from December 1 through December 31, 2024. For more than 13 years GPM Investments has raised funds to accelerate research, advance care, and advocate to empower families living with muscular dystrophy, ALS, and related neuromuscular diseases. We invite customers to participate in the MDA Holiday retail campaign by purchasing a $1 or $5 pinup or rounding up their purchase. Donations made by customers will be displayed on special MDA Holiday pinups in each
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., 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., 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
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