Thu. 8 Feb 2024, 6:58am ET
Benzinga
Earnings, News
GMV for the fiscal first quarter of 2024 was $305.9 million, a 13% increase from $270.8 million in the first fiscal quarter of 2023.
GMV in our GovDeals segment increased 18%,
GMV for the fiscal first quarter of 2024 was $305.9 million, a 13% increase from $270.8 million in the first fiscal quarter of 2023.
- GMV in our GovDeals segment increased 18%, driven by increased availability of vehicles and real estate.
- GMV in our RSCG segment increased 3%, reflecting an increase in sell-in-place consignment solutions partially offset by an inferior product mix in certain full-service consignment and purchase programs.
- GMV in our CAG segment increased 9%, driven by increases in its global energy, industrial and biopharma consignment categories.
- Consignment sales represented 89% of consolidated GMV for the first fiscal quarter of 2024.