Gogoro Stock (NASDAQ:GGR), Trade Ideas

Gogoro

Gogoro Inc is focused on eliminating the barriers to electric fuel adoption to bring swappable electric power within reach of every urban rider. Its battery swapping technology compromises an interoperable platform that seamlessly integrates a comprehensive ecosystem of hardware, software, and services, which consists of Gogoro Smart Batteries, GoStations, Gogoro Network Software & Battery Management Systems, Smartscooter, and related components and kits. Geographical presence in Taiwan and Other countries, majority of its revenue comes from Tiwan.

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U.S. stock futures traded lower this morning on Thursday. Here are some big stocks recording losses in today’s pre-market trading session.

Mattel, Meta, Align Technology And Other Big Stocks Moving Lower In Thursday&#39;s Pre-Market Session

Earnings

Equities

Guidance

General

Gogoro Records 3.8% Decline In Q2 Revenue Dragged By Lower Scooter Sales In Taiwan

Contracts

Gogoro, Bikebank To Launch Smartscooters And Battery Swapping Across Eight Korean Cities

Gogoro Inc

Exail Technologies SA

Golden Growers Coop

Gabelli Growth Innovators ETF

Gogoro And TSMC Announced Three New Mobility Initiatives In Taiwan To Continue Their Commitment To Making Taiwan More Clean Energy Focused

The company&nbsp;estimates that approximately&nbsp;90%&nbsp;of such full-year revenue will be generated from the&nbsp;Taiwan&nbsp;market and&nbsp;10%&nbsp;from international markets.

Gogoro Expects To Generate 2024 Revenue Of $385M-$420M

Gogoro Q4 Revenue $91.5M, Down 4.1% Y/Y; Loss Per Share $(0.12) Vs $(0.05) Last Year

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Earnings Scheduled For February 7, 2024

Gogoro Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced it was partnering with leading Latin American energy company, Copec, to launch its battery swapping and Smartscooters in&nbsp;Chile&nbsp;and&nbsp;Colombia&nbsp;in&nbsp;Q2&nbsp;2024.

Gogoro and Copec to Launch Two-wheel Battery Swapping Ecosystem in Latin America

JP Morgan analyst Bill Lin upgrades Gogoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>) from Underweight to Neutral and announces $2.2 price target.

Upgrades

Price Target

Analyst Ratings

JP Morgan Upgrades Gogoro to Neutral, Announces $2.2 Price Target

Gogoro opens battery swapping network in Delhi and Goa with plans to expand to Mumbai and Pune Maharashtra in the first half of 2024.
Gogoro introduces Gogoro CrossOver GX250, CrossOver 50 and CrossOver S.
DELHI, India, Dec. 12, 2023 /PRNewswire/ -- Gogoro Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced the immediate availability of its battery swapping ecosystem and Smartscooters in India. The company also unveiled its first India-made Smartscooter, the CrossOver GX250.
<a href="https://mma.prnewswire.com/media/2298752/Gogoro_India_Global.html">GGR</a>), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced the immediate availability of its battery swapping ecosystem and Smartscooters in India. The company also unveiled its first India-made Smartscooter, the CrossOver GX250." alt="Gogoro Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced the immediate availability of its battery swapping ecosystem and Smartscooters in India. The company also unveiled its first India-made Smartscooter, the CrossOver GX250."&gt;
Gogoro Launches Battery Swapping Ecosystem in India and Unveils India-made CrossOver Smartscooter
Initially available to B2B customers in Delhi and Goa, the company plans to roll out in Mumbai and Pune in the first half of 2024, with consumer availability in the second quarter of 2024.
"We are at the cusp of a dramatic change in the global urban transportation landscape, and with its more than 250 million mopeds and motorcycles India is well positioned to lead the shift to sustainable consumer and B2B transportation," said Horace Luke, founder and CEO of Gogoro. "The Gogoro CrossOver series embodies everything our brand has come to stand for and the new made-in-India CrossOver GX250 is optimized for riders in India with more seating space, greater storage and better ground clearance."

Global

Gogoro Launches Battery Swapping Ecosystem In India And Unveils India-Made CrossOver Smartscooter

Gogoro Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced the commercial launch and availability of its Smartscooters and battery swapping ecosystem in&nbsp;Manila, the Capital of&nbsp;the Philippines.

Gogoro Launches Smartscooters and Battery Swapping in the Philippines

<ul>
<li>SIDBI recognition makes specific Gogoro vehicles eligible for SIDBI financial&nbsp;programs that are focused on increasing EV penetration in&nbsp;India.</li>
<li>SIDBI is the principal financial institution set up in 1990 under an Act of&nbsp;India&#39;s&nbsp;Parliament for the promotion, financing, and development of the Micro, Small and&nbsp;Medium Enterprise (MSME) sectors.</li>
</ul>

Gogoro Becomes First Foreign Two-Wheel Vehicle OEM And Battery Swapping Provider To Be Recognized By The Small Industries Development Bank Of India

Gogoro Reaffirms FY23 Sales Guidance Of $340M-$370M Vs. Consensus Of $384.90M , And Estimates To Generate Approximately 95% Of FY23 Revenue From Taiwan Market

Gogoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>) reported quarterly losses of $(0.01) per share. This is a 104.17 percent decrease over earnings of $0.24 per share from the same period last year. The company reported $91.75 million in sales this quarter. This is a 10.21 percent decrease over sales of $102.18 million the same period last year.

Gogoro Q3 EPS $(0.01) Down From $0.24 YoY, Sales $91.75M Down From $102.18M YoY

<h3>Companies Reporting Before The Bell</h3>
&bull; Children&#39;s Place (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) is projected to report quarterly earnings at $3.56 per share on revenue of $471.82 million.
&bull; Eltek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELTK#NASDAQ">ELTK</a>) is estimated to report quarterly earnings at $0.31 per share on revenue of $11.90 million.
&bull; Borr Drilling (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BORR#NYSE">BORR</a>) is projected to report quarterly earnings at $0.08 per share on revenue of $191.00 million.
&bull; Shoe Carnival (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCVL#NASDAQ">SCVL</a>) is likely to report quarterly earnings at $1.01 per share on revenue of $328.26 million.
&bull; Brady (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>) is projected to report quarterly earnings at $0.93 per share on revenue of $340.92 million.
&bull; Alibaba Gr Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) is estimated to report quarterly earnings at $2.12 per share on revenue of $30.79 billion.
&bull; Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) is estimated to report quarterly loss at $0.66 per share on revenue of $315.88 million.
&bull; Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) is expected to report quarterly earnings at $1.41 per share on revenue of $149.82 billion.
&bull; BrightView Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BV#NYSE">BV</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $746.78 million.
&bull; Dole (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOLE#NYSE">DOLE</a>) is estimated to report quarterly earnings at $0.12 per share on revenue of $2.19 billion.
&bull; NetEase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) is expected to report quarterly earnings at $1.45 per share on revenue of $3.81 billion.
&bull; Youdao (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAO#NYSE">DAO</a>) is projected to report quarterly loss at $0.07 per share on revenue of $229.45 million.
&bull; Bath &amp; Body Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) is expected to report quarterly earnings at $0.35 per share on revenue of $1.56 billion.
&bull; Stratasys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSYS#NASDAQ">SSYS</a>) is expected to report quarterly earnings at $0.03 per share on revenue of $162.54 million.
&bull; Allot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) is likely to report quarterly loss at $0.27 per share on revenue of $23.13 million.
&bull; OneWater Marine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEW#NASDAQ">ONEW</a>) is estimated to report quarterly earnings at $0.64 per share on revenue of $416.40 million.
&bull; Atour Lifestyle Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATAT#NASDAQ">ATAT</a>) is estimated to report earnings for its third quarter.
&bull; Aurora Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) is estimated to report earnings for its third quarter.
&bull; Gogoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>) is likely to report earnings for its third quarter.
&bull; Dingdong (Cayman) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDL#NYSE">DDL</a>) is estimated to report earnings for its third quarter.
&bull; Arcos Dorados Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $1.11 billion.
&bull; Warner Music Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>) is estimated to report quarterly earnings at $0.25 per share on revenue of $1.58 billion.
&bull; Macy&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) is likely to report quarterly earnings at $0.02 per share on revenue of $4.79 billion.
&bull; NICE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NICE#NASDAQ">NICE</a>) is projected to report quarterly earnings at $2.15 per share on revenue of $595.19 million.
&bull; Berry Global Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BERY#NYSE">BERY</a>) is estimated to report quarterly earnings at $2.11 per share on revenue of $3.15 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Globus Maritime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBS#NASDAQ">GLBS</a>) is projected to report earnings for its third quarter.
&bull; Zenvia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENV#NASDAQ">ZENV</a>) is estimated to report earnings for its third quarter.
&bull; Copart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $990.66 million.
&bull; Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) is likely to report quarterly earnings at $1.48 per share on revenue of $544.65 million.
&bull; Haynes Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAYN#NASDAQ">HAYN</a>) is estimated to report quarterly earnings at $1.12 per share on revenue of $164.13 million.
&bull; American Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>) is estimated to report quarterly earnings at $0.09 per share on revenue of $28.00 million.
&bull; Qifu Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $569.27 million.
&bull; voxeljet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VJET#NASDAQ">VJET</a>) is expected to report quarterly loss at $0.48 per share on revenue of $6.51 million.
&bull; Applied Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) is expected to report quarterly earnings at $1.88 per share on revenue of $6.14 billion.
&bull; Woodward (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>) is likely to report quarterly earnings at $1.31 per share on revenue of $765.35 million.
&bull; Post Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POST#NYSE">POST</a>) is expected to report quarterly earnings at $1.18 per share on revenue of $1.92 billion.
&bull; Matthews International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATW#NASDAQ">MATW</a>) is likely to report quarterly earnings at $0.90 per share on revenue of $483.00 million.
&bull; Natural Grocers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVC#NYSE">NGVC</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $285.00 million.
&bull; Intchains Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) is projected to report earnings for its third quarter.
&bull; Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) is estimated to report quarterly earnings at $1.21 per share on revenue of $4.82 billion.
&bull; Geospace Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) is projected to report earnings for its fourth quarter.
&bull; ESCO Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESE#NYSE">ESE</a>) is likely to report quarterly earnings at $1.22 per share on revenue of $266.27 million.
&bull; Beazer Homes USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>) is likely to report quarterly earnings at $1.39 per share on revenue of $627.29 million.
&bull; Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $3.61 billion.
&bull; Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) is likely to report quarterly earnings at $0.53 per share on revenue of $290.20 million.
&bull; UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) is projected to report quarterly loss at $0.06 per share on revenue of $1.92 billion.
&bull; ZTO Express (Cayman) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) is projected to report quarterly earnings at $0.38 per share on revenue of $1.36 billion.
&bull; PagSeguro Digital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAGS#NYSE">PAGS</a>) is estimated to report quarterly earnings at $0.27 per share on revenue of $791.87 million.
&bull; Compass Minerals Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $231.26 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For November 16, 2023

U.S. stock futures traded lower this morning on Thursday. Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Align Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/algn#NASDAQ">ALGN</a>) shares tumbled 25.3% to $189.50 in pre-market trading after the company reported worse-than-expected third-quarter financial results and issued guidance.</li>
<li>MaxLinear, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mxl#NASDAQ">MXL</a>) shares dipped 21.2% to $14.50 in pre-market trading after reporting downbeat results for the third quarter. Roth MKM downgraded MaxLinear from Buy to Neutral and lowered the price target from $35 to $18.</li>
<li>Mattel, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mat#NASDAQ">MAT</a>) shares declined 10.2% to $18.05 in pre-market trading after reporting third-quarter results.</li>
<li>Pure Storage, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pstg#NYSE">PSTG</a>) shares declined 6.9% to $30.91 in pre-market trading.</li>
<li>Gogoro Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ggr#NASDAQ">GGR</a>) shares fell 6.3% to $2.68 in pre-market trading after gaining 10% on Wednesday.</li>
<li>Arista Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>) shares fell 5.4% to $176.05 in pre-market trading.</li>
<li>DraftKings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dkng#NASDAQ">DKNG</a>) shares declined 4.9% to $26.00 in pre-market trading.</li>
<li>Lithium Americas (Argentina) Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/laac#NYSE">LAAC</a>) shares fell 4.9% to $5.82 in pre-market trading after declining 4% on Wednesday.</li>
<li>Meta Platforms, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) shares declined 3.3% to $289.65 in pre-market trading. Meta reported better-than-expected results for its third quarter. The company said it sees fourth-quarter revenue coming in a range of $36.5 billion to $40 billion.</li>
<li>Tesla, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) shares fell 2.7% to $206.73 in pre-market trading. Tesla recently reported third-quarter financial results that came in below estimates from analysts.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/10/35431828/meta-amazon-and-3-stocks-to-watch-heading-into-thursday"> Meta, Amazon And 3 Stocks To Watch Heading Into Thursday</a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

Mattel, Meta, Align Technology And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

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Shares of EV stocks are trading higher as Treasury yields drop amid the Israel-Hamas conflict.

<h3>Gainers</h3>
<ul>
<li>EBET (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBET#NASDAQ">EBET</a>) stock rose 25.8% to $0.52 during Tuesday's regular session. As of 13:30 EST, this security is trading at a volume of 17.0 million shares, making up 371.3% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $7.7 million. </li>
<li>Tupperware Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TUP#NYSE">TUP</a>) shares increased by 23.22% to $1.44. Trading volume for Tupperware Brands's stock is 9.2 million as of 13:30 EST. This is 42.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $64.1 million. </li>
<li>Volcon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) shares rose 18.89% to $0.44. As of 13:30 EST, this security is trading at a volume of 483.4K shares, making up 381.7% of its average full-day volume over the last 100 days. The company's market cap stands at $14.0 million. </li>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) stock rose 17.79% to $1.39. Trading volume for this security as of 13:30 EST is 87.3K, which is 88.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $19.8 million. </li>
<li>JOANN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOAN#NASDAQ">JOAN</a>) stock increased by 15.7% to $0.72. As of 13:30 EST, JOANN's stock is trading at a volume of 173.7K, which is 38.6% of its average full-day volume over the last 100 days. The company's market cap stands at $30.0 million. </li>
<li>Gogoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>) stock increased by 15.07% to $2.9. Trading volume for this security as of 13:30 EST is 258.4K, which is 134.6% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $708.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Shift Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFT#NASDAQ">SFT</a>) shares declined by 22.4% to $0.2 during Tuesday's regular session. Shift Techs's stock is trading at a volume of 5.1 million shares as of 13:30 EST. This is 1187.6% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $3.3 million. </li>
<li>SIGNA Sports United (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSU#NYSE">SSU</a>) shares declined by 13.73% to $0.09. Trading volume for this security as of 13:30 EST is 900.7K, which is 159.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $36.7 million. </li>
<li>Kaival Brands Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) shares declined by 13.19% to $0.33. Trading volume for this security as of 13:30 EST is 1.8 million, which is 1217.6% of its average full-day volume over the last 100 days. The company's market cap stands at $19.3 million. </li>
<li>Cheetah Net Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) shares fell 12.31% to $1.71. The market value of their outstanding shares is at $30.6 million. </li>
<li>Cazoo Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CZOO#NYSE">CZOO</a>) shares fell 11.67% to $0.34. Trading volume for this security as of 13:30 EST is 225.6K, which is 105.7% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $13.3 million. </li>
<li>Fitell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) stock decreased by 11.48% to $1.62. The market value of their outstanding shares is at $18.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Tuesday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Carrols Restaurant Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TAST#NASDAQ">TAST</a>) shares increased by 11.1% to $6.91 during Friday's pre-market session. The company's market cap stands at $357.2 million. </li>
<li>Visionary Education Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEDU#NASDAQ">VEDU</a>) shares rose 8.3% to $0.19. The company's market cap stands at $9.0 million. </li>
<li>Volcon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) stock increased by 8.0% to $0.43. The market value of their outstanding shares is at $13.8 million. </li>
<li>Gogoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>) stock rose 7.75% to $2.66. The company's market cap stands at $649.9 million. </li>
<li>XPeng (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) stock moved upwards by 6.41% to $16.91. The company's market cap stands at $14.6 billion. </li>
<li>JOANN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOAN#NASDAQ">JOAN</a>) shares rose 6.31% to $0.93. The market value of their outstanding shares is at $39.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXA#NASDAQ">CNXA</a>) stock fell 13.1% to $0.14 during Friday's pre-market session. The company's market cap stands at $3.2 million. </li>
<li>SIGNA Sports United (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSU#NYSE">SSU</a>) stock declined by 10.21% to $0.35. The market value of their outstanding shares is at $135.6 million. </li>
<li>Cheetah Net Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) shares declined by 6.74% to $1.8. The market value of their outstanding shares is at $32.2 million. </li>
<li>FAT Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FATBP#NASDAQ">FATBP</a>) stock fell 6.45% to $15.11. </li>
<li>Chijet Motor Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) shares decreased by 5.58% to $2.2. The market value of their outstanding shares is at $353.0 million. </li>
<li>RumbleON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBL#NASDAQ">RMBL</a>) shares declined by 5.26% to $5.56. The company's market cap stands at $92.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CJET

CONNEXA SPORTS TECH INC by Connexa Sports Technologies Inc.

CNXA

FATBP

RMBL

TAST

VEDU

XPEV

12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session

Gogoro Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ggr#NASDAQ">GGR</a>) reported&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/08/n33699344/gogoro-releases-second-quarter-2023-financial-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">a second-quarter FY23 sales decline of 3.8%</a>&nbsp;year-on-year to $87.25 million. On a constant currency basis, the revenue increased by 0.2% Y/Y.
Battery swapping revenue for Q2 totaled $33.3 million, a 9.6% growth primarily due to its larger subscriber base and the high retention rate of subscribers.
The gross margin for the quarter expanded 120 basis points to 15.2%. The operating loss narrowed to $(20.3) million from $(224.1) million last year.
EPS loss for the quarter was $(0.02) <a href="https://www.benzinga.com/calendars/earnings">compared to $(0.53) last year.</a>
Adjusted EBITDA increased to $12.9 million from $9.3 million last year.
Gogoro held $144 million in cash and equivalents as of June 30, 2023.
Horace Luke, chairman, founder and CEO of Gogoro, said, &quot;In the second quarter, we improved gross margin, operating expenses, and adjusted EBITDA. We also continued our growth in battery swapping service revenue and saw a slight increase in our overall revenue on a constant currency basis. Despite these positive results, our scooter sales in Taiwan were slightly below that of the same quarter last year. But we aren&#39;t standing still, we are aggressively investing in our marketing and retail channel expansion in Taiwan and we are continuing to build out our portfolio. We plan to introduce several vehicle models in the coming quarters that will expand our product family, increase sales and grow revenue in both Taiwan and our other markets.&quot;
Outlook: Gogoro lowered its FY23 revenue outlook from $400 million - $450 million to <a href="https://www.benzinga.com/calendars/guidance">$340 million - $370 million.</a>
The company&#39;s revised outlook reflects soft demand in the Taiwan market, the current market outlook, and the timing of realizing its international projects.
Price Action: GGR shares traded higher by 1.82% at $3.07 on the last check Thursday.

Despite achieving targeted financial results in the first half, uncertainty in the market translates to a conservative second-half&nbsp;outlook&nbsp;and we expect our scooter sales in the second half of 2023 to track to historical seasonality.&nbsp;Given the potential for ongoing soft ePTW demand in the&nbsp;Taiwan&nbsp;market,, we are updating our 2023 revenue&nbsp;guidance. We estimate that we will generate approximately&nbsp;95%&nbsp;of 2023 full-year revenue from the&nbsp;Taiwan&nbsp;market.

Gogoro Revises FY23 Outlook: Revenue Of $340M-$370M From $400M-$450M

Gogoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>) reported quarterly losses of $(0.02) per share. This is a 96.23 percent increase over losses of $(0.53) per share from the same period last year. The company reported $87.25 million in sales this quarter. This is a 3.83 percent decrease over sales of $90.72 million the same period last year.

Gogoro Q2 EPS $(0.02) Up From $(0.53) YoY, Sales $87.25M Down From $90.72M YoY

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/11/23</td>
<td>$245.00</td>
<td>$54.3K</td>
<td>5.9K</td>
<td>39.0K</td>
</tr>
<tr>
<td>HRB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/15/23</td>
<td>$35.00</td>
<td>$28.3K</td>
<td>95</td>
<td>2.1K</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/20/23</td>
<td>$13.00</td>
<td>$99.5K</td>
<td>2.7K</td>
<td>1.7K</td>
</tr>
<tr>
<td>LCID</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/17/23</td>
<td>$8.00</td>
<td>$96.6K</td>
<td>9.1K</td>
<td>1.5K</td>
</tr>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/20/23</td>
<td>$16.00</td>
<td>$26.2K</td>
<td>2.0K</td>
<td>587</td>
</tr>
<tr>
<td>SIX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/18/23</td>
<td>$22.50</td>
<td>$50.0K</td>
<td>1.1K</td>
<td>548</td>
</tr>
<tr>
<td>ABNB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$160.00</td>
<td>$708.6K</td>
<td>837</td>
<td>300</td>
</tr>
<tr>
<td>LI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$40.00</td>
<td>$251.7K</td>
<td>3.4K</td>
<td>251</td>
</tr>
<tr>
<td>W</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/17/23</td>
<td>$80.00</td>
<td>$27.1K</td>
<td>199</td>
<td>208</td>
</tr>
<tr>
<td>GGR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/20/23</td>
<td>$5.00</td>
<td>$40.0K</td>
<td>459</td>
<td>200</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on August 11, 2023. Parties traded 179 contract(s) at a $245.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $54.3K, with a price of $303.0 per contract. There were 5983 open contracts at this strike prior to today, and today 39056 contract(s) were bought and sold. 
• For HRB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRB#NYSE">HRB</a>), we notice a put option sweep that happens to be bearish, expiring in 37 day(s) on September 15, 2023. This event was a transfer of 202 contract(s) at a $35.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $28.3K, with a price of $140.0 per contract. There were 95 open contracts at this strike prior to today, and today 2124 contract(s) were bought and sold. 
• Regarding NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we observe a call option sweep with bullish sentiment. It expires in 72 day(s) on October 20, 2023. Parties traded 500 contract(s) at a $13.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $99.5K, with a price of $199.0 per contract. There were 2709 open contracts at this strike prior to today, and today 1794 contract(s) were bought and sold. 
• For LCID (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), we notice a call option sweep that happens to be bullish, expiring in 100 day(s) on November 17, 2023. This event was a transfer of 1255 contract(s) at a $8.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $96.6K, with a price of $77.0 per contract. There were 9195 open contracts at this strike prior to today, and today 1539 contract(s) were bought and sold. 
• For XPEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), we notice a call option trade that happens to be neutral, expiring in 72 day(s) on October 20, 2023. This event was a transfer of 96 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $273.0 per contract. There were 2087 open contracts at this strike prior to today, and today 587 contract(s) were bought and sold. 
• Regarding SIX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIX#NYSE">SIX</a>), we observe a put option sweep with bearish sentiment. It expires in 9 day(s) on August 18, 2023. Parties traded 500 contract(s) at a $22.50 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $50.0K, with a price of $100.0 per contract. There were 1166 open contracts at this strike prior to today, and today 548 contract(s) were bought and sold. 
• Regarding ABNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), we observe a call option trade with bearish sentiment. It expires in 527 day(s) on January 17, 2025. Parties traded 300 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $708.6K, with a price of $2362.0 per contract. There were 837 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold. 
• Regarding LI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), we observe a call option sweep with bearish sentiment. It expires in 527 day(s) on January 17, 2025. Parties traded 190 contract(s) at a $40.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $251.7K, with a price of $1325.0 per contract. There were 3487 open contracts at this strike prior to today, and today 251 contract(s) were bought and sold. 
• Regarding W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we observe a put option sweep with bearish sentiment. It expires in 100 day(s) on November 17, 2023. Parties traded 21 contract(s) at a $80.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $27.1K, with a price of $1295.0 per contract. There were 199 open contracts at this strike prior to today, and today 208 contract(s) were bought and sold. 
• Regarding GGR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>), we observe a put option sweep with bearish sentiment. It expires in 72 day(s) on October 20, 2023. Parties traded 200 contract(s) at a $5.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $40.0K, with a price of $200.0 per contract. There were 459 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ABNB

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Gogoro Inc. (GGR) Q4 2023 Earnings Call Transcript

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What is the Market's View on Gogoro Inc (GGR) Stock's Price and Volume Trends Friday?

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