RealReal

The RealReal updated its bot defense system after researchers showed Meta’s Muse could repeatedly reserve items and block human buyers by re-adding listings to carts. The retailer said the new configuration makes it much harder for agents to log in, add items to cart, and check out, while still allowing agents to surface product pages, and that it will continue strengthening protections as AI shopping evolves. » More on theverge.com

The RealReal will open a new Glendale store on October 1 to serve rising demand for vintage and resale luxury, citing a 432% increase in vintage interest since 2020 and a customer base now dominated by Gen Z and Millennials. The location will offer authentication, consignment support and curated luxury pieces, aiming to drive consignment volume and in-store sales. Risks include high lease and staffing costs, competition, regional economic swings and the company’s recent Q2 GAAP net loss widening to $27 million, though non-GAAP losses narrowed. Institutional ownership remains strong, with 47 hedge funds holding positions and short interest at 13.39%. » More on finance.yahoo.com

The RealReal reported all-time quarterly GMV of $617 million, up 22%, and revenue of $193 million, up 17%, prompting management to raise full-year GMV and revenue guidance. Adjusted EBITDA margin improved and active buyers and AOV rose, but GAAP net loss widened to $27 million largely due to an $18.6 million non-cash warrant liability adjustment while non-GAAP loss narrowed to $0.01 per share. Management did not reconcile forward-looking Adjusted EBITDA to GAAP, and the stock shows rising institutional ownership alongside 15.29% short interest and a forward P/E near 41. » More on finance.yahoo.com