Arko Corp.
- Open
- 4.43
- Day high
- 4.58
- Day low
- 4.30
- Prev close
- 4.37
- Volume
- 1.3M
- Mkt cap
- $512M
- P/E (TTM)
- 56.1
- EPS (TTM)
- $0.08
- P/B
- 1.0
- P/S
- 0.1
- Yield
- 2.63%
- Per share
- $0.12
- ▼Insiders net selling -$195K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions accumulating (13F)
Arko Corp. (ARKO) is a Consumer Cyclical company listed on NASDAQ. The stock is down 12% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4).
Arko Corp. (ARKO) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ARKO earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 7, 2026 | $0.15 | $0.04 | -73.3% | $2.3B | +18.2% |
| May 7, 2026 | $-0.16 | $-0.07 | +56.3% | $1.8B | +7.3% |
| Nov 5, 2025 | $0.12 | $0.10 | -16.7% | $2.0B | +11.5% |
| Aug 6, 2025 | $0.12 | $0.16 | +33.3% | $2.0B | -2.9% |
| May 8, 2025 | $-0.17 | $-0.12 | +29.4% | $1.8B | -11.9% |
| Feb 26, 2025 | $0.02 | $-0.03 | -250.0% | $2.0B | -6.5% |
| Nov 7, 2024 | $0.12 | $0.07 | -41.7% | $2.3B | +6.9% |
| Feb 27, 2024 | $0.06 | $0.01 | -84.6% | $2.2B | -0.2% |
| Feb 27, 2023 | $0.10 | $0.09 | -10.0% | $2.2B | -1.5% |
| May 4, 2022 | $0.03 | $0.01 | -60.0% | $2.0B | +2.1% |
| Feb 23, 2022 | $0.10 | $0.09 | -10.0% | $2.0B | -1.2% |
| Nov 10, 2021 | $0.21 | $0.25 | +19.0% | $2.0B | +15.8% |
ARKO insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | HEYER ANDREW Rdirector | Grant | 5,821 | — |
| Jul 2, 2026 | FRIEDMAN AVRAM Zdirector | Grant | 4,748 | — |
| Jul 2, 2026 | Edmiston Sherman IIIdirector | Grant | 306 | — |
| Jul 2, 2026 | Fogel Yonadirector | Grant | 1,026 | — |
| Jun 11, 2026 | Bricks Mauryofficer: General Counsel/Secretary | Sell | 10,000 | $8.00 |
| Jun 8, 2026 | Edmiston Sherman IIIdirector | Grant | 21,262 | — |
| Jun 8, 2026 | HEYER ANDREW Rdirector | Grant | 21,262 | — |
| Jun 8, 2026 | Bricks Mauryofficer: General Counsel/Secretary | Sell | 15,000 | $7.69 |
| Jun 8, 2026 | Fogel Yonadirector | Grant | 21,262 | — |
| Jun 8, 2026 | Shapira Karet Lauradirector | Grant | 21,262 | — |
| Jun 8, 2026 | FRIEDMAN AVRAM Zdirector | Grant | 21,262 | — |
| May 22, 2026 | Kotler Ariedirector, 10 percent owner, officer: Chairman, President and CEO | Sell | 12,000 | $9.00 |
| Apr 2, 2026 | FRIEDMAN AVRAM Zdirector | Grant | 5,244 | — |
| Apr 2, 2026 | Fogel Yonadirector | Grant | 1,081 | — |
| Apr 2, 2026 | Edmiston Sherman IIIdirector | Grant | 437 | — |
Source: ARKO SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full ARKO insider & 13F page →Arko Corp. company profile
Overview
Arko Corp. (NASDAQ:ARKO) is a convenience store operator founded in 2019 through the merger of GPM Investments and Arko Holdings. The company went public in July 2019 and is headquartered in Richmond, Virginia. Arko operates one of the largest convenience store networks in the United States, with approximately 3,000 locations across the country. The company has pursued an aggressive acquisition strategy since its founding, completing multiple acquisitions to expand its footprint and diversify its revenue streams.
Business
Arko Corp operates in the convenience store industry, which serves as a critical component of America's retail fuel and merchandise infrastructure. The company provides essential services to consumers who need quick access to fuel, food, beverages, and everyday items. Convenience stores typically operate with extended hours and are strategically located along highways, in urban areas, and residential neighborhoods to serve customers who prioritize speed and accessibility over extensive product selection. The company operates through three distinct business segments: **Retail Segment** represents the core business, operating approximately 1,400 company-owned convenience stores that sell fuel and merchandise directly to consumers. This segment generates the majority of the company's revenue and includes popular brand names. The retail locations offer a typical convenience store product mix including packaged beverages, snacks, candy, tobacco products, prepared foods, and automotive supplies. Many locations also feature food service offerings such as pizza, hot dogs, and coffee. **Wholesale Segment** supplies fuel to approximately 1,650 third-party dealer sites and consignment agents. This business-to-business operation allows Arko to expand its fuel distribution network without the capital investment required for company-operated stores. The wholesale segment provides fuel supply services, credit card processing, and other support services to independent convenience store operators. **Fleet Segment** (also called GPM Petroleum) serves commercial customers including independent dealers, bulk purchasers, and fleet operators. This segment operates cardlock fueling stations and provides fuel supply services to businesses that operate vehicle fleets. The fleet business typically involves higher-volume, lower-margin transactions compared to retail operations.
Revenue model
Arko generates revenue through multiple streams across its three business segments. The **retail segment** makes money through fuel sales and merchandise sales at company-operated stores. Fuel sales typically operate on thin margins but drive high transaction volumes, while merchandise sales provide higher profit margins. The company's **fas REWARDS** loyalty program helps increase customer frequency and spending, with enrolled members spending 47% more and visiting 2.5 times more frequently than non-members. The **wholesale segment** earns revenue by supplying fuel to independent dealers and collecting margins on fuel distribution, along with fees for credit card processing and other services. This model requires less capital investment than retail operations while still capturing fuel distribution margins. The **fleet segment** generates revenue through commercial fuel sales to businesses and fleet operators, typically involving larger volume transactions. Several factors can significantly impact Arko's profitability. **Fuel price volatility** affects both costs and consumer behavior - when fuel prices rise rapidly, consumers may reduce discretionary spending on higher-margin merchandise. **Consumer spending patterns** directly impact merchandise sales, with economic downturns typically reducing purchases of non-essential items. **Competition from other convenience store chains, gas stations, and quick-service restaurants** can pressure both fuel and merchandise margins. **Labor costs and availability** significantly impact operating expenses, particularly given the extended operating hours typical of convenience stores. **Regulatory changes** affecting tobacco sales, fuel standards, or minimum wage requirements can materially impact profitability. **Seasonal weather patterns** influence both fuel demand and foot traffic, with severe weather events potentially disrupting operations and reducing sales volumes.
Competitive moat
Arko's competitive moat is relatively limited, reflecting the challenging nature of the convenience store industry. The company's primary advantages include **scale benefits** from operating approximately 3,000 locations, which provides purchasing power for merchandise and fuel procurement. The company's **geographic footprint** offers some local market advantages, particularly in areas where it has dense store coverage that can support efficient distribution and marketing. The **fas REWARDS loyalty program** creates modest customer stickiness, with enrolled members demonstrating higher spending and visit frequency. However, this advantage is not particularly strong as loyalty programs are easily replicated by competitors. Arko's **wholesale and fleet segments** provide some diversification benefits and require less capital investment than pure retail operations, but these markets are also competitive. The convenience store industry faces significant competitive pressures. **Large integrated oil companies** like ExxonMobil and Shell operate extensive convenience store networks with stronger brand recognition and deeper financial resources. **Regional convenience store chains** compete directly for market share, while **grocery stores, dollar stores, and quick-service restaurants** increasingly compete for customer wallet share, particularly in higher-margin food and beverage categories. **Online delivery services** and **electric vehicle adoption** represent longer-term competitive threats that could reduce foot traffic and fuel demand respectively. The industry's low barriers to entry and commodity-like nature of fuel sales limit Arko's ability to maintain sustainable competitive advantages. Success depends largely on execution, location quality, and operational efficiency rather than strong structural moats.
Risks & safety
Arko's margin of safety appears moderate with some concerning leverage metrics, though the company maintains adequate liquidity. **Liquidity and Solvency:** - Cash and short-term investments: $265 million (Q1 2025) - Current ratio: 1.55, indicating adequate short-term liquidity - Debt-to-equity ratio: 7.22, representing very high leverage - Free cash flow: $16 million (Q1 2025), down from $108 million (FY 2024) **Valuation Metrics:** - EV/EBITDA: 21.1x (Q1 2025), elevated compared to historical levels - P/E ratio: Negative due to recent losses - Price-to-book: 1.29x, reasonable for the industry **Other Considerations:** - EBITDA has been declining from $266 million (FY 2023) to $257 million (FY 2024) - Same-store sales showing negative trends - High debt levels create financial risk in economic downturns - Asset-heavy business model with significant fixed costs
Recent development
Over the past few years, Arko has implemented several strategic initiatives to transform its business model and improve profitability. The company's **dealerization program** represents a significant strategic pivot, converting company-operated retail stores to dealer-operated wholesale sites. This program aims to reduce capital requirements and operating expenses while maintaining fuel volume control. As of Q1 2025, the company had converted 77 stores with over 130 additional stores under contract, expecting to deliver $20 million in annualized operating income benefits. The **"Fueling America's Future" campaign** launched in 2024 offers loyalty program members up to $2 off per gallon of fuel, resulting in a 35% increase in daily loyalty enrollment and higher gallons per transaction. This initiative demonstrates the company's focus on customer retention and transaction size growth. **Food service expansion** has been a key focus area, with the company launching Nathan's Famous hot dogs in over 500 stores and introducing a value-oriented pizza program. The company has also been testing **new store formats** with seven pilot locations featuring expanded merchandise assortments and enhanced food experiences, including a new branded food offering called "FastGraves." The company has pursued **strategic acquisitions** to expand its footprint and capabilities, including the acquisition of fleet fueling operations and wholesale distribution networks. These acquisitions have added both retail locations and wholesale/fleet customer relationships. **Tobacco category optimization** has involved expanding Other Tobacco Products (OTP) backbar space across 1,000 stores, with OTP representing approximately 10% of merchandise sales and showing improved margins.
ARKO company profile · for informational purposes only — not investment advice.
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