Compass: Amid Market Share Gains And NAR Ruling Confidence, This Stock Is A Buy [Seeking Alpha]
Compass, Inc. Class A (COMP)
Company Research
Source: Seeking Alpha
Shares of Compass have rallied after the company's strong Q2 earnings print, bringing YTD gains to above 20% and beating the S&P 500. Importantly, Compass CEO Robert Reffkin also claimed that Compass is seeing minimal impact from real estate rule changes that are designed to bring agent fees down. The company gained major market share in Q2, up 50bps y/y to 5.13% of the U.S. real estate market. It acquired a regional broker in Q2 to expand in Louisiana and Mississippi. The company is also making enormous strides in adjusted EBITDA profitability and continues to expect to be FCF positive this year. Justin Paget The whole market is volatile right now, but one industry that is going through tremendous changes on multiple fronts is the real estate industry. Despite the potential benefit from declining interest rate expectations (mortgage rates have been dropping over the past few weeks, owing in large part to expectations of Fed rate cuts amid a possible U.S. recession), the
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News
- What Makes Compass, Inc. (COMP) a Strong Momentum Stock: Buy Now? [Yahoo! Finance]Yahoo! Finance
- Compass, Inc. (NYSE: COMP) had its "outperform" rating re-affirmed by analysts at Oppenheimer Holdings Inc.. They now have a $8.50 price target on the stock, up previously from $8.00.MarketBeat
- Nashville Yards Offering its First Residences for Sale at The Emory [Yahoo! Finance]Yahoo! Finance
- Nashville Yards Offering its First Residences for Sale at The Emory [Yahoo! Finance Canada]Yahoo! Finance Canada
- Compass, Inc. (NYSE: COMP) had its price target raised by analysts at Barclays PLC from $5.00 to $6.00. They now have an "equal weight" rating on the stock.MarketBeat
COMP
Earnings
- 10/30/24 - Beat
COMP
Sec Filings
- 11/21/24 - Form 4
- 11/18/24 - Form 4
- 11/12/24 - Form 4
- COMP's page on the SEC website