ATRenew (NYSE:RERE) Announces Quarterly Earnings Results

ATRenew (NYSE:RERE) posted its quarterly earnings results on Tuesday. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01, Zacks reports. The firm had revenue of $893.46 million for the quarter, compared to analyst estimates of $856.02 million. ATRenew had a net margin of 1.90% and a return on equity of 11.60%.

Here are the key takeaways from ATRenew’s conference call:

• Q1 revenue and profit beat expectations, with total revenue up 32.4% year over year to RMB 6.16 billion and Non-GAAP operating income up 70.2% to over RMB 190 million, both reaching record levels.
• The company’s 1P-centric strategy continued to gain traction, with 1P2C retail accounting for 45.1% of product revenue, up from 33.0% a year ago, helping improve 1P gross margin to 15.9%.
• Compliant refurbishment and direct-to-consumer sales grew rapidly, with refurbished product revenue up 76.1% and March monthly sales of compliant refurbished products surpassing RMB 200 million for the first time.
• The 3P marketplace and multi-category recycling businesses also expanded strongly, including multi-category recycling GMV up 81.5% and PJT Marketplace registered merchants rising to nearly 2 million.
• Management reiterated 2026 growth and margin improvement expectations and guided Q2 revenue to RMB 6.24 billion-RMB 6.34 billion, up 25%-27% year over year, while also extending its share repurchase program.

ATRenew Stock Performance

Shares of RERE opened at $5.10 on Thursday. ATRenew has a fifty-two week low of $2.41 and a fifty-two week high of $6.47. The firm has a 50-day simple moving average of $4.83 and a 200-day simple moving average of $5.11. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 20.53 and a beta of 0.25.

ATRenew Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 6th were paid a $0.10 dividend. The ex-dividend date was Monday, April 6th. ATRenew’s payout ratio is currently 40.00%.

Institutional Trading of ATRenew

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC lifted its holdings in shares of ATRenew by 29.4% during the fourth quarter. Squarepoint Ops LLC now owns 38,701 shares of the company’s stock worth $205,000 after purchasing an additional 8,785 shares during the period. Van ECK Associates Corp lifted its holdings in ATRenew by 10.3% in the fourth quarter. Van ECK Associates Corp now owns 19,794 shares of the company’s stock valued at $105,000 after acquiring an additional 1,855 shares during the period. Prelude Capital Management LLC purchased a new position in shares of ATRenew in the 3rd quarter valued at about $113,000. Two Sigma Investments LP acquired a new stake in shares of ATRenew in the third quarter valued at about $201,000. Finally, Caxton Associates LLP acquired a new stake in shares of ATRenew in the first quarter valued at about $114,000. 19.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on RERE. Wall Street Zen raised shares of ATRenew from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 22nd. Weiss Ratings downgraded shares of ATRenew from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

ATRenew Company Profile

ATRenew Inc, through its subsidiaries, operates pre-owned consumer electronics transactions and services platform in the People's Republic of China. It primarily sells mobile phones, laptops, tablets, drones, digital cameras; and vintage bags, watches, liquor, gold, and various household goods through its online platforms and offline stores, as well as provides services to third-party merchants to sell the products through its platforms. The company was formerly known as AiHuiShou International Co Ltd.