Therealreal Inc Stock News

An investor who can find a stock that goes up 15% annually has found a remarkable thing. The S&P 500 itself goes up roughly 10% per year, and investors who pick individual stocks want to beat this.

HOUSTON, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Today, The RealReal (Nasdaq: REAL), the world's largest online marketplace for authenticated, resale luxury goods, is excited to announce the opening of its newest location in Houston's award-winning Montrose Collective project. This location marks The RealReal's fifteenth brick-and-mortar location and the second in Texas.

The luxury fashion world's loss has been The RealReal's gain this year. As The Wall Street Journal (WSJ) reported Thursday (Dec. 19), sales for the luxury resale website have grown for three quarters in a row as shoppers seek secondhand prices for first-class goods from the likes of Gucci and Chanel.

Don't get me wrong -- I love the S&P 500. It's a curated stock market index comprised of around 500 of the biggest, most profitable U.S.-based businesses.

Michael Burry of ‘The Big Short' fame is known for his deft handling of the 2008 subprime mortgage crisis, which netted him $100 million and his clients seven times as much. However, he hasn't been resting on his laurels — through his firm, Scion Asset Management, Burry remains quite an active investor.

After the famous ‘Big Short' investor Michael Burry abandoned his 2023 bet against the semiconductor industry – though, interestingly, the short position may not have been wrong, only poorly timed – he again stirred controversy with his persistent bullishness about Chinese stocks.

The RealReal's shift to a consignment model has driven revenue growth, improved gross margins, and increased active buyers, leading to strong Q3 performance. GMV growth re-accelerated to 6% y/y in Q3, while the company also gained trailing 3-moonth active buyers. REAL is pushing its luxury sales managers to procure products with higher GMV and margins, which should help the company retain riche...

For Rati Sahi Levesque, newly appointed CEO at secondhand luxury goods marketplace The RealReal, her first week at the company's helm was a promising one.  In a marketplace driven by value-conscious consumers, The RealReal reported third-quarter earnings Monday (Nov. 4) that exceeded expectations.