Benzinga | Jul 6, 2021 02:57PM EDT

RealReal's Q2 Gross Merchandise Value Up 91%; Growth Rate Slows In June

* Online marketplace for resale luxury goods, The RealReal Inc (NASDAQ:REAL) has reported the Gross Merchandise Value (GMV) of about $350 million for the second quarter, a 91% increase year-on-year.

* GMV growth rate was 132% for April, 85% for May, and 67% for June.

* GMV has exceeded the company's prior outlook of $320 million to $330 million.

* The Average Order Value (AOV) grew 25% Y/Y to about $520.

* The year-on-year AOV growth rate was 28% for April, 25% for May, and 22% for June.

* Price action: REAL shares are trading lower by 6.79% at $18.90.