RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. It operates through three segments: Real Estate, Mortgage, and Marketing Funds. The company offers its real estate franchise services under the RE/MAX brand; and mortgage brokerage services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand. It also provides real estate technology and marketing tools, including booj Platform, which integrates a suite of digital products that enables agents, brokers, and teams to establish and manage client relationships; First mobile app; and on-demand access to industry information and advanced training in various areas, such as distressed and luxury properties, senior clients, buyer agency, and other real estate specialty. The company was founded in 1973 and is headquartered in Denver, Colorado.
IPO Year: 2013
Exchange: NYSE
Website: remax.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/18/2023 | $16.00 → $14.00 | Neutral → Underweight | JP Morgan |
11/7/2023 | $19.50 → $9.00 | Equal-Weight → Underweight | Morgan Stanley |
7/18/2023 | Neutral | BTIG Research | |
2/21/2023 | $28.00 → $21.00 | Overweight → Equal-Weight | Stephens |
3/9/2022 | $30.50 → $28.50 | Equal-Weight | Morgan Stanley |
3/2/2022 | $38.00 | Buy | JonesTrading |
12/9/2021 | $33.50 → $30.50 | Equal-Weight | Morgan Stanley |
9/22/2021 | $40.00 → $33.50 | Overweight → Equal-Weight | Morgan Stanley |
7/21/2021 | $41.00 | Buy | Berenberg |
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10-Q - RE/MAX Holdings, Inc. (0001581091) (Filer)
8-K - RE/MAX Holdings, Inc. (0001581091) (Filer)
10-Q - RE/MAX Holdings, Inc. (0001581091) (Filer)
8-K - RE/MAX Holdings, Inc. (0001581091) (Filer)
8-K - RE/MAX Holdings, Inc. (0001581091) (Filer)
8-K - RE/MAX Holdings, Inc. (0001581091) (Filer)
8-K - RE/MAX Holdings, Inc. (0001581091) (Filer)
10-Q - RE/MAX Holdings, Inc. (0001581091) (Filer)
8-K - RE/MAX Holdings, Inc. (0001581091) (Filer)
ARS - RE/MAX Holdings, Inc. (0001581091) (Filer)
DENVER, Nov. 15, 2024 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., announced today that Chief Executive Officer Erik Carlson and Chief Financial Officer Karri Callahan are scheduled to appear at the Stephens Annual Investment Conference on Tuesday, November 19, 2024, at 12:00 p.m. CST. A link to the live webcast of the Fireside Chat, as well as the replay, will be available at h
Total Revenue of $78.5 Million, Adjusted EBITDA of $27.3 Million DENVER, Oct. 31, 2024 /PRNewswire/ -- Third Quarter 2024 Highlights(Compared to third quarter 2023 unless otherwise noted) Total Revenue decreased 3.4% to $78.5 millionRevenue excluding the Marketing Funds1 decreased 3.3% to $58.4 million, driven by negative 3.0% organic growth2 and 0.3% adverse foreign currency movementsNet income attributable to RE/MAX Holdings, Inc. of $1.0 million and earnings per diluted share (GAAP EPS) of $0.05Adjusted EBITDA3 increased 2.0% to $27.3 million, Adjusted EBITDA margin3 of 3
DENVER, Oct. 10, 2024 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., will release financial results for the quarter ended September 30, 2024, after market close on Thursday, October 31, 2024, and will host a conference call and webcast for interested parties on Friday, November 1, 2024, at 8:30 a.m. Eastern Time. RE/MAX Holdings, Inc. Third Quarter Earnings Conference Call Date: N
Raffaeli, who will serve on the Compensation and Audit Committees, succeeds retiring Board member Kathleen Cunningham DENVER, Aug. 19, 2024 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), the parent company of RE/MAX, LLC, a global leader in real estate brokerage franchising, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., is pleased to announce that Cathi Raffaeli joined its Board of Directors on August 19, 2024. Raffaeli has also been appointed to the Board's Compensation and Audit committees. With over 25 years of experience in board leadership across financial services, technology and education, she brings a wealth of expertise to the ro
Total Revenue of $78.5 Million, Adjusted EBITDA of $28.1 Million DENVER, Aug. 8, 2024 /PRNewswire/ -- Second Quarter 2024 Highlights(Compared to second quarter 2023 unless otherwise noted) Total Revenue decreased 4.8% to $78.5 millionRevenue excluding the Marketing Funds1 decreased 4.8% to $58.4 million, driven by negative 4.5% organic growth2 and 0.3% adverse foreign currency movementsNet income attributable to RE/MAX Holdings, Inc. of $3.7 million and earnings per diluted share (GAAP EPS) of $0.19Adjusted EBITDA3 increased 5.4% to $28.1 million, Adjusted EBITDA margin3 of 3
DENVER, July 11, 2024 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., will release financial results for the quarter ended June 30, 2024, after market close on Thursday, August 8, 2024, and will host a conference call and webcast for interested parties on Friday, August 9, 2024, at 8:30 a.m. Eastern Time. RE/MAX Holdings, Inc. Second Quarter Earnings Conference Call Date: August 9,
CHARLESTON, S.C. and IRVINE, Calif., July 9, 2024 /PRNewswire/ -- BOSSCAT™ Home Services and Technologies announced today a new collaboration with RE/MAX® as an approved supplier for BOSSCAT's online instant estimates, marketplace ordering technology, and local turnkey repair, renovation, and maintenance services to serve 75,000 agents across the United States and Canada. "We are excited to launch our new collaboration to offer RE/MAX agents more choices for accurate and timely repair pricing and pre-list renovation services. Our proprietary technology and HOMEBASE platform au
Total Revenue of $78.3 Million, Adjusted EBITDA of $19.0 Million DENVER, May 2, 2024 /PRNewswire/ -- First Quarter 2024 Highlights(Compared to first quarter 2023 unless otherwise noted) Total Revenue decreased 8.3% to $78.3 millionRevenue excluding the Marketing Funds1 decreased 9.3% to $58.1 million, driven by negative 9.3% organic growth2Net loss attributable to RE/MAX Holdings, Inc. of $3.4 million and loss per diluted share (GAAP EPS) of $0.18Adjusted EBITDA3 decreased 4.7% to $19.0 million, Adjusted EBITDA margin3 of 24.3% and Adjusted earnings per diluted share (Adjuste
DENVER, April 9, 2024 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., will release financial results for the quarter ended March 31, 2024, after market close on Thursday, May 2, 2024, and will host a conference call and webcast for interested parties on Friday, May 3, 2024, at 8:30 a.m. Eastern Time. RE/MAX Holdings, Inc. First Quarter Earnings Conference Call Date: May 3, 202
The consistently strong showing of RE/MAX in the Entrepreneur Franchise 500 ranking is a testament to the quality of the RE/MAX brand and its franchisees DENVER, March 21, 2024 /PRNewswire/ -- For the 40th consecutive year, RE/MAX, the #1 name in real estate1, has earned a spot on the prestigious Entrepreneur Franchise 500® ranking, which evaluates strong, influential franchisors across the U.S. and Canada. RE/MAX was also named to the Franchise 500 Hall of Fame – an exceptional honor for elite brands that have ranked in the Franchise 500 for 25 or more consecutive years. Entr
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JP Morgan downgraded RE/MAX Holdings from Neutral to Underweight and set a new price target of $14.00 from $16.00 previously
Morgan Stanley downgraded RE/MAX Holdings from Equal-Weight to Underweight and set a new price target of $9.00 from $19.50 previously
BTIG Research initiated coverage of RE/MAX Holdings with a rating of Neutral
Stephens downgraded RE/MAX Holdings from Overweight to Equal-Weight and set a new price target of $21.00 from $28.00 previously
Morgan Stanley reiterated coverage of RE/MAX Hldgs with a rating of Equal-Weight and set a new price target of $28.50 from $30.50 previously
JonesTrading initiated coverage of RE/MAX Hldgs with a rating of Buy and set a new price target of $38.00
Morgan Stanley reiterated coverage of RE/MAX Hldgs with a rating of Equal-Weight and set a new price target of $30.50 from $33.50 previously
Morgan Stanley downgraded RE/MAX Hldgs from Overweight to Equal-Weight and set a new price target of $33.50 from $40.00 previously
Berenberg initiated coverage of RE/MAX Holdings with a rating of Buy and set a new price target of $41.00
Compass Point downgraded RE/MAX Holdings from Buy to Neutral and set a new price target of $44.00
Raffaeli, who will serve on the Compensation and Audit Committees, succeeds retiring Board member Kathleen Cunningham DENVER, Aug. 19, 2024 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), the parent company of RE/MAX, LLC, a global leader in real estate brokerage franchising, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., is pleased to announce that Cathi Raffaeli joined its Board of Directors on August 19, 2024. Raffaeli has also been appointed to the Board's Compensation and Audit committees. With over 25 years of experience in board leadership across financial services, technology and education, she brings a wealth of expertise to the ro
CHARLESTON, S.C. and IRVINE, Calif., July 9, 2024 /PRNewswire/ -- BOSSCAT™ Home Services and Technologies announced today a new collaboration with RE/MAX® as an approved supplier for BOSSCAT's online instant estimates, marketplace ordering technology, and local turnkey repair, renovation, and maintenance services to serve 75,000 agents across the United States and Canada. "We are excited to launch our new collaboration to offer RE/MAX agents more choices for accurate and timely repair pricing and pre-list renovation services. Our proprietary technology and HOMEBASE platform au
The consistently strong showing of RE/MAX in the Entrepreneur Franchise 500 ranking is a testament to the quality of the RE/MAX brand and its franchisees DENVER, March 21, 2024 /PRNewswire/ -- For the 40th consecutive year, RE/MAX, the #1 name in real estate1, has earned a spot on the prestigious Entrepreneur Franchise 500® ranking, which evaluates strong, influential franchisors across the U.S. and Canada. RE/MAX was also named to the Franchise 500 Hall of Fame – an exceptional honor for elite brands that have ranked in the Franchise 500 for 25 or more consecutive years. Entr
DENVER, Feb. 22, 2024 /PRNewswire/ -- RE/MAX Holdings, Inc. (the "Company") (NYSE:RMAX), parent company of RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, and of Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., today announced the promotions of three of its senior leaders, Amy Lessinger, Abby Lee, and Susie Winders, in recognition of their contributions to the Company over their long tenures. Ms. Lessinger is being promoted from Senior Vice President of Region Development for RE/MAX, LLC to Presi
DENVER, Nov. 13, 2023 /PRNewswire/ -- RE/MAX Holdings, Inc. (the "Company" or "RE/MAX Holdings") (NYSE: RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and of Motto Mortgage, the first national mortgage brokerage franchise brand in the U.S., today announced that following a comprehensive search, the Company's Board of Directors has appointed Erik Carlson as Chief Executive Officer and a member of the RE/MAX Holdings Board of Directors, effective today. Mr. Carlson was most recently President and CEO of DISH Network Cor
DENVER, Aug. 1, 2023 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and of Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., announced today that its Board of Directors declared a quarterly cash dividend of $0.23 per share of Class A common stock. The dividend is payable on August 29, 2023, to shareholders of record at the close of business on August 15, 2023. About RE/MAX Holdings, Inc. RE/MAX Holdings, Inc. (NYSE:RMAX) is one of th
One of the world's leading franchisors in the real estate industry appointed seasoned financial executive Katie Scherping to its Board of Directors; Scherping will succeed Board member Joe DeSplinter who in September announced his intention to retire upon the appointment of his successor DENVER, Dec. 9, 2022 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE: RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first-and-only national mortgage brokerage franchise brand in the U.S., today announced that veteran financial executive Katie Scherping has been appointed to the Company's Board of Directors and will serve on the
Menogan brings decades of public company leadership experience to one of the world's leading franchisors in the real estate industry DENVER, June 6, 2022 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., today announced that its stockholders elected Annita M. Menogan to its Board of Directors at the Company's annual meeting of stockholders on June 1, 2022. Stockholders also voted to re-elect Dave Liniger, Steve Joyce, and Teresa Van De Bogart to the Board.
Although U.S. stocks closed mixed on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Tilly’s The Trade: Tilly’s, Inc. (NYSE:TLYS) 10% owner Pleasant Lake Partners LLC acquired a total of 116,675 shares at an
Sales of new single‐family homes declined last month as mortgage rates continued to remain elevated. May sales came in at a seasonally adjusted annual rate of 619,000 homes, according to estimates released jointly on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development. That figure is 11.3% below the revised estimate of 698,000 houses for April and 16.5% below the May 2023 estimate of 741,000 homes. Also Read: Home Listings Surge, Indicating A Healthier Housing Market "Persistently high mortgage rates in May kept many prospective buyers on the sidelines," National Association of Home Builders Chairman Carl Harris said in a statement on Wednesd
- Reuters
Stephens & Co. analyst John Campbell maintains RE/MAX Hldgs (NYSE:RMAX) with a Equal-Weight and lowers the price target from $10 to $9.
U.S. stocks were higher, with the Dow Jones index gaining over 400 points on Friday. Shares of Amgen Inc. (NASDAQ:AMGN) rose sharply during Friday's session after the company reported better-than-expected first-quarter financial results. Also, the company announced a $50 million milestone payment from Royalty Pharma. Amgen reported quarterly earnings of $3.96 per share, which beat the analyst consensus estimate of $3.87 by 2.33%. The company said EPS decreased by 1% due to higher operating and interest expenses driven by the Horizon acquisition, partially offset by higher revenues, according to data from Benzinga Pro. The company reported quarterly sales of $7.447 billion, which bea
OutlookThe Company's second quarter and full-year 2024 Outlook assumes no further currency movements, acquisitions, or divestitures.For the second quarter of 2024, RE/MAX Holdings expects:Agent count to change negative 1.5% to 0.0% over second quarter 2023;Revenue in a range of $75.0 million to $80.0 million (including revenue from the Marketing Funds in a range of $19.0 million to $21.0 million); andAdjusted EBITDA in a range of $24.0 million to $27.0 million.For the full year 2024, the Company expects:Agent count to change negative 0.5% to positive 1.5% over full year 2023;Revenue in a range of $300.0 million to $320.0 million (including revenue from the Marketing Funds in a range of $78.0
RE/MAX Hldgs (NYSE:RMAX) reported quarterly earnings of $0.20 per share which beat the analyst consensus estimate of $0.19 by 5.26 percent. This is a 23.08 percent decrease over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $78.287 million which beat the analyst consensus estimate of $77.265 million by 1.32 percent. This is a 8.33 percent decrease over sales of $85.401 million the same period last year.
A fresh unexpected surge in inflation blindsided markets, shattering hopes for imminent Fed rate cuts and sending stocks down across the board. In March 2024, the annual Consumer Price Index (CPI) inflation rate surged to 3.5%, up from February’s 3.2%, surpassing expectations set at 3.4%. Adding to concerns, core inflation, which excludes energy and food, also exceeded expectations, reaching 3.8% compared to the anticipated 3.7%, dismissing any justifications solely attributed to higher gasoline price pressures. Consequently, investors sharply revised down their expectations for Fed rate cuts, now anticipating the commencement of any easing policy no earlier than September, with less
Morgan Stanley analyst Ronald Kamdem maintains RE/MAX Hldgs (NYSE:RMAX) with a Underweight and lowers the price target from $9 to $7.
Total Revenue of $78.5 Million, Adjusted EBITDA of $27.3 Million DENVER, Oct. 31, 2024 /PRNewswire/ -- Third Quarter 2024 Highlights(Compared to third quarter 2023 unless otherwise noted) Total Revenue decreased 3.4% to $78.5 millionRevenue excluding the Marketing Funds1 decreased 3.3% to $58.4 million, driven by negative 3.0% organic growth2 and 0.3% adverse foreign currency movementsNet income attributable to RE/MAX Holdings, Inc. of $1.0 million and earnings per diluted share (GAAP EPS) of $0.05Adjusted EBITDA3 increased 2.0% to $27.3 million, Adjusted EBITDA margin3 of 3
DENVER, Oct. 10, 2024 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., will release financial results for the quarter ended September 30, 2024, after market close on Thursday, October 31, 2024, and will host a conference call and webcast for interested parties on Friday, November 1, 2024, at 8:30 a.m. Eastern Time. RE/MAX Holdings, Inc. Third Quarter Earnings Conference Call Date: N
Total Revenue of $78.5 Million, Adjusted EBITDA of $28.1 Million DENVER, Aug. 8, 2024 /PRNewswire/ -- Second Quarter 2024 Highlights(Compared to second quarter 2023 unless otherwise noted) Total Revenue decreased 4.8% to $78.5 millionRevenue excluding the Marketing Funds1 decreased 4.8% to $58.4 million, driven by negative 4.5% organic growth2 and 0.3% adverse foreign currency movementsNet income attributable to RE/MAX Holdings, Inc. of $3.7 million and earnings per diluted share (GAAP EPS) of $0.19Adjusted EBITDA3 increased 5.4% to $28.1 million, Adjusted EBITDA margin3 of 3
DENVER, July 11, 2024 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., will release financial results for the quarter ended June 30, 2024, after market close on Thursday, August 8, 2024, and will host a conference call and webcast for interested parties on Friday, August 9, 2024, at 8:30 a.m. Eastern Time. RE/MAX Holdings, Inc. Second Quarter Earnings Conference Call Date: August 9,
Total Revenue of $78.3 Million, Adjusted EBITDA of $19.0 Million DENVER, May 2, 2024 /PRNewswire/ -- First Quarter 2024 Highlights(Compared to first quarter 2023 unless otherwise noted) Total Revenue decreased 8.3% to $78.3 millionRevenue excluding the Marketing Funds1 decreased 9.3% to $58.1 million, driven by negative 9.3% organic growth2Net loss attributable to RE/MAX Holdings, Inc. of $3.4 million and loss per diluted share (GAAP EPS) of $0.18Adjusted EBITDA3 decreased 4.7% to $19.0 million, Adjusted EBITDA margin3 of 24.3% and Adjusted earnings per diluted share (Adjuste
DENVER, April 9, 2024 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., will release financial results for the quarter ended March 31, 2024, after market close on Thursday, May 2, 2024, and will host a conference call and webcast for interested parties on Friday, May 3, 2024, at 8:30 a.m. Eastern Time. RE/MAX Holdings, Inc. First Quarter Earnings Conference Call Date: May 3, 202
Total Revenue of $76.6 Million, Adjusted EBITDA of $23.0 Million DENVER, Feb. 22, 2024 /PRNewswire/ -- Fourth Quarter 2023 Highlights(Compared to fourth quarter 2022 unless otherwise noted) Total Revenue decreased 5.7% to $76.6 millionRevenue excluding the Marketing Funds1 decreased 5.8% to $56.0 million, driven by negative 5.6% organic growth2 and adverse foreign currency movements of 0.2%Net loss attributable to RE/MAX Holdings, Inc. of $10.9 million and loss per diluted share (GAAP EPS) of $0.60Adjusted EBITDA3 decreased 13.4% to $23.0 million, Adjusted EBITDA margin3 of 30
DENVER, Jan. 24, 2024 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., will release financial results for the quarter and full year ended December 31, 2023, after market close on Thursday, February 22, 2024, and will host a conference call and webcast for interested parties on Friday, February 23, 2024, at 8:30 a.m. Eastern Time. RE/MAX Holdings, Inc. Fourth Quarter Earnings Confere
DENVER, Oct. 11, 2023 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., will release financial results for the quarter ended September 30, 2023, after market close on Thursday, November 2, 2023, and will host a conference call and webcast for interested parties on Friday, November 3, 2023, at 8:30 a.m. Eastern Time. RE/MAX Holdings, Inc. Third Quarter Earnings Conference Call Date:
Total Revenue of $82.4 Million, Adjusted EBITDA of $26.6 Million DENVER, Aug. 2, 2023 /PRNewswire/ -- Second Quarter 2023 Highlights(Compared to second quarter 2022 unless otherwise noted) Total Revenue decreased 10.6% to $82.4 millionRevenue excluding the Marketing Funds1 decreased 11.4% to $61.4 million, driven by negative 10.5% organic growth2 and adverse foreign currency movements of 0.9%Net income attributable to RE/MAX Holdings, Inc. of $2.0 million and earnings per diluted share (GAAP EPS) of $0.11Adjusted EBITDA3 decreased 24.2% to $26.6 million, Adjusted EBITDA margin