RealRealNASDAQ: REAL

NEW YORK, June 13, 2024 (GLOBE NEWSWIRE) -- Today, The RealReal, the world's largest online marketplace for authenticated, resale luxury goods, unveils an installation of fake handbags at 301 Canal Street. In a moment where authenticity has never been so important, we're drawing attention to the pervasive counterfeit crisis and provocatively prompting passer-bys to ask themselves what's real, with the goal of starting a conversation about why it matters on a street synonymous with counterfeit culture.

The RealReal has returned to 2% y/y GMV growth in Q1, following a -9% y/y decline in Q4. Impressively, Q1 GMV also grew nominally versus the Q4 holiday quarter. The company expects continued GMV acceleration in Q2. REAL's decision to focus on consignment revenue and ditch its direct sales business has also dramatically improved its profitability.

The RealReal, a luxury clothing consignment platform, has experienced a notable rise in its stock value this year. By concentrating on consignment and restructuring its debt, the company has enhanced its gross margin profile. While facing competition from platforms such as Poshmark, The RealReal sets itself apart in the luxury market by offering a carefully curated collection and lower fees for specific categories like watches and sneakers.

The RealReal, the biggest online platform for authenticated luxury goods, will report its financial results for the first quarter of 2024 on May 7, 2024, after the market closes.

The RealReal, Inc. (REAL) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, REAL's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.

Does The RealReal (REAL) have what it takes to be a top stock pick for momentum investors? Let's find out.

The RealReal (REAL) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

The RealReal (REAL) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

The second-hand luxury goods market is on fire, growing twice as fast as the primary market, advancing at an 11.6% compound annual growth rate since 2019 compared to 5.2% CAGR for the primary personal luxury goods market.