Full Truck Alliance Q2 Profit Rises 6% on Higher Orders, Rates; Guides Q3 Revenue Up to RMB3.42B
YMM sits 19% above its 52-week low of $7.455.
Summary
Full Truck Alliance reported Q2 revenue of RMB 3.38 billion, up 4.4% year-over-year, driven by a 33.1% jump in transaction service revenue from higher order volume, penetration, and per-order fees. Adjusted net income rose 6.0% to RMB 1.43 billion. The company declared a Q3 cash dividend of about $87.5 million and guided Q3 revenue to RMB3.32-3.42 billion, roughly flat to slightly up versus RMB3.36 billion a year ago. Freight brokerage and value-added services revenues declined, but the core transaction business is accelerating. This follows Q1 results that showed strong operational growth despite a net income dip. The stock trades at 11x forward earnings, below its 12x multiple three months ago, with a median analyst price target of $12.39, about 41% above the last close.
At the time of this announcement, YMM was trading at $8.85 on NYSE in the Technology sector, with a market capitalization of approximately $9.1B. The 52-week trading range was $7.46 to $14.07. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.