ROCKET COMP. CL.A -,00001

ValueAct increased its position in Rocket Companies by nearly 48% to 41.67 million shares, a stake worth about $656.3 million at quarter-end. Rocket is broadening beyond Rocket Mortgage through acquisitions of Redfin and Mr. Cooper, operating across brokerage, origination, servicing, title, and consumer finance. About 70% of Rocket's revenue is recurring or less rate-sensitive, but the company remains exposed to high mortgage rates and weak housing demand as 30-year fixed rates near 7%. » Więcej na finance.yahoo.com

Rocket Companies reported its most profitable quarter in four years with $2.76 billion in adjusted revenue, a 28% adjusted EBITDA margin, purchase market share of 6.2% and refinance share of 14.3%. Jim Cramer declined to forecast a return to near $30, citing past forecasting errors and the company’s exposure to housing-cycle and interest-rate volatility. Hedge fund ownership ticked down modestly while short interest remains around 5.4%, underscoring lingering valuation and macro risks despite operational gains. » Więcej na finance.yahoo.com

Rocket Companies reported Q2 adjusted revenue of $2.8 billion, adjusted EBITDA of $766 million (28% margin) and adjusted diluted EPS of $0.16, its most profitable quarter in four years. Purchase market share rose to 6.2% and refinance share to 14.3%, driven by Redfin lead growth, servicing recapture and integration synergies from Mr. Cooper. The company generated $49 billion in closed loan volume, ended the quarter with $11.2 billion of liquidity and raised its expected annualized expense synergies. For Q3 Rocket expects adjusted revenue of $2.5–$2.7 billion while continuing to expand market share and reduce expenses sequentially. » Więcej na finance.yahoo.com

Rocket Companies’ stock climbed slightly intraday after the company reported Q2 adjusted EPS of $0.16 (consensus $0.17) and adjusted revenue of $2.76 billion (consensus $2.82 billion; +93% YoY). For Q3 management forecasts adjusted revenue of $2.50–2.70 billion, with the midpoint well below the analyst consensus of $2.91 billion. Several banks subsequently cut their price targets, increasing selling pressure, while CEO Varun Krishna pointed to record market share and the most profitable quarter in four years. The stock remains near its 52-week low and shows limited near-term upside due to the weak outlook and heightened analyst caution. » Więcej na de.investing.com

Opendoor, trading near $3.6 billion market cap with $999 million cash and sharply reduced aged inventory, is positioned as a likely take-private target. Analysts identify five potential acquirers, ranking Rocket Companies as the best strategic fit given its Redfin and Mr. Cooper assets and mortgage servicing scale, followed by Zillow, CoStar, Compass, and Amazon as longer shots. A private-equity or strategic investor deal is plausible as Opendoor pursues adjusted net income profitability by end of 2026; key catalysts include execution on Q2 guidance, shifts in the 10-year yield, and any 13D or options activity. » Więcej na finance.yahoo.com