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$RERE

3 stories mentioning REREUpdated 21d ago

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Wire

ATRenew Launches Global B2B Marketplace, Opens ReRe Store in Hong Kong

ATRenew (RERE) said Tuesday it launched its FoneSquare global B2B marketplace for pre-owned consumer electronics and opened its first store in Hong Kong for its new ReRe consumer brand.The ReRe store, located at Citywalk in Tsuen Wan, offers recycling services and retail of pre-owned consumer electronics, luxury goods, sporting goods, and hobby items, the company said.ATRenew also said it has deployed its AI valuation machine and MAX front-end inspection terminal at the store.Shares of ATRenew were up more than 5% in Tuesday trading.Price: $4.34, Change: $+0.22, Percent Change: +5.22%

$RERE
Research

UBS Initiates ATRenew at Buy With $5.50 Price Target

ATRenew (RERE) has an average rating of buy and mean price target of $7.19, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$RERE
Wire

ATRenew Q1 Adjusted Net Income, Revenue Rise; Issues Q2 Outlook -- Shares Rise Pre-Bell

ATRenew (RERE) reported Q1 adjusted net income Tuesday of 0.87 Chinese renminbi ($0.13) per diluted share, up from 0.48 renminbi a year earlier.An analyst polled by FactSet expected 0.77 renminbi.Net revenue for the quarter ended March 31 was 6.16 billion renminbi, compared with 4.65 billion renminbi a year earlier.An analyst surveyed by FactSet expected 5.91 billion renminbi.The company said it expects Q2 revenue of 6.24 billion renminbi to 6.34 billion renminbi. An analyst surveyed by FactSet expects 6.37 billion renminbi.Shares of the company were up more than 4% in Tuesday premarket activity.Price: $4.70, Change: $+0.20, Percent Change: +4.44%

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