RealReal’s Gross Merchandise Volume Jumps 44% in September


Online luxury goods resale platform The RealReal’s (REAL) gross merchandise volume (GMV) increased 44% year-over-year to $127.3 million in September. The average order value (AOV) jumped 9% to $481.

Watches, women’s shoes and women’s apparel, which accounted for nearly 50% of September GMV, were the fastest-growing categories. (See RealReal stock chart on TipRanks)

The company’s offerings include clothing, fine jewelry, watches, fine art and home décor from designers such as Cartier, Chanel, Christian Louboutin, Gucci, Hermes (HESAF), Louis Vuitton, Prada (PRDSF), Rolex, Tiffany & Co., and Valentino, among others.

The CEO of RealReal, Julie Wainwright, said, “At-home supply continued to increase as a percent of total supply in September, which positions us favorably in advance of the fall and holiday shopping seasons.”

In the third quarter of 2021, the company’s GMV rose 50% year-over-year to $367.9 million. RealReal’s shares closed 3.3% lower on Tuesday but gained 0.4% in the extended trading session to end the day at $11.95.

Last month, Needham analyst Anna Andreeva maintained a Buy rating on the stock with a price target of $35 (194.1% upside potential). The analyst expects the company to report a loss of $0.78 per share in the third quarter.

Overall, the stock has a Moderate Buy consensus rating based on 5 Buys and 4 Holds. The average The RealReal price target of $23.38 implies 96.5% upside potential. Shares have lost 48.3% over the past six months.

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