Arko: Beware Heavy Debt Load [Seeking Alpha]
ARKO Corp. (ARKO)
Company Research
Source: Seeking Alpha
The main cause of ARKO's weak stock performance has been retail fuel volumes, which continues to contract significantly. Arko also has a heavily levered balance sheet that is not well-suited for the current high interest rate environment. I remain cautious on the company until its financial performance improves or it can meaningfully delever its balance sheet. It's been more than a year since I last wrote about Arko Corp. ( NASDAQ: ARKO ). Back in March 2023, I noted that despite a 20%+ decline in the stock, Arko was still trading at a premium to peers. Since my article, Arko's shares have continued to underperform, declining by another 26%. At just under $6 / share, Arko has now declined by more than 40% since I initiated on the company in late 2022. However, as I am fond of saying, even bad companies may be good for a trade if the price is right. Has Arko's share price reached a buy level in my view? Brief Company Overview First, for those not familiar with the company,
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ARKO
News
- ARKO to Report First Quarter 2024 Financial Results on May 7, 2024 [Yahoo! Finance]Yahoo! Finance
- ARKO to Report First Quarter 2024 Financial Results on May 7, 2024GlobeNewswire
- Arko Corp. (NASDAQ: ARKO) had its price target lowered by analysts at Wells Fargo & Company from $7.00 to $5.00. They now have an "equal weight" rating on the stock.MarketBeat
- ARKO Corp. Subsidiary to Open New Handy Mart Store in Newport, North Carolina [Yahoo! Finance]Yahoo! Finance
- ARKO Corp. Subsidiary to Open New Handy Mart Store in Newport, North CarolinaGlobeNewswire
ARKO
Earnings
- 2/27/24 - Miss
ARKO
Sec Filings
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form ARS/A
- 4/19/24 - Form ARS
- ARKO's page on the SEC website