Latest news with #ErikCarlson
Yahoo
27-06-2025
- Business
- Yahoo
5 Insightful Analyst Questions From RE/MAX's Q1 Earnings Call
RE/MAX's first quarter saw the company deliver better-than-expected revenue and profitability, with the market responding positively to higher margins and disciplined expense management. Management attributed the results to operational focus, improved broker fee revenue, and continued efforts to manage costs, despite industry-wide softness and a challenging macroeconomic backdrop. CEO Erik Carlson noted that the real estate market remains clouded by uncertainty, including shifting industry policies and economic pressures. He emphasized that RE/MAX's ability to adapt and focus on operational excellence was key to the quarter's performance. Is now the time to buy RMAX? Find out in our full research report (it's free). Revenue: $74.47 million vs analyst estimates of $73.53 million (4.9% year-on-year decline, 1.3% beat) Adjusted EPS: $0.24 vs analyst estimates of $0.18 (35.2% beat) Adjusted EBITDA: $19.29 million vs analyst estimates of $17.62 million (25.9% margin, 9.5% beat) The company reconfirmed its revenue guidance for the full year of $300 million at the midpoint EBITDA guidance for the full year is $95 million at the midpoint, in line with analyst expectations Operating Margin: 7.2%, up from 5.8% in the same quarter last year Agents: 146,126, up 2,839 year on year Market Capitalization: $170 million While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Anthony Paolone (JP Morgan) asked about the franchise sales decline and its drivers. CFO Karri Callahan attributed it to lower conference revenue and the wind-down of a prior tech acquisition, while CEO Erik Carlson discussed industry consolidation and the timing of potential M&A activity. Nick McAndrew (Zelman) inquired about how the Aspire program positions RE/MAX against competitors and whether it attracts different agent cohorts. CEO Erik Carlson explained Aspire's role in widening recruitment and providing more flexibility to brokers, noting it complements traditional models. Stephen Sheldon (William Blair) questioned whether Aspire and other new initiatives could stabilize U.S. agent count. CEO Erik Carlson said early adoption was encouraging and that improved value propositions were drawing attention from agents inside and outside the network. John Campbell (Stephens Inc.) probed about margin sustainability and reinvestment needs if revenue growth returns. CFO Karri Callahan said future investments would focus on technology, marketing, and support to enhance agent productivity, with an emphasis on capital efficiency. Tommy McJoynt (KBW) asked about U.S. agent market share trends and corporate guidance on NAR policy changes. CFO Karri Callahan said RE/MAX agents remain more productive than industry averages, while CEO Erik Carlson affirmed the company's stance on transparency and broad distribution of listings. In coming quarters, the StockStory team will be tracking (1) the ramp-up and impact of Aspire and other agent-facing initiatives on U.S. agent count and productivity, (2) further margin improvements as operational discipline persists, and (3) the pace of recovery in the mortgage segment amid macroeconomic pressures. Additional developments in international agent growth and the adoption of new digital tools will also be important markers for execution. RE/MAX currently trades at $8.47, up from $7.80 just before the earnings. At this price, is it a buy or sell? The answer lies in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today.
Malaysian Reserve
11-06-2025
- Business
- Malaysian Reserve
REMAX® Agents and Teams Dominate Again, Rank Among the Nation's Most Productive in 2025
RealTrends Verified rankings recognize top-performing REMAX agents and teams. DENVER, June 10, 2025 /PRNewswire/ — REMAX®, the #1 name in real estate1, proudly celebrates the outstanding achievements of its affiliates recognized in the 2025 RealTrends Verified Top Agents and Teams rankings. Once again, REMAX professionals have demonstrated their utmost productivity and commitment to excellence, earning top spots as industry leaders nationwide. This year's rankings highlight the exceptional performance of REMAX agents across the country. Of the over 45,000 participating U.S. agents and team leaders that qualified for the list, more than 6,000 are REMAX agents. Of those agents, 4,461 are individuals (the most qualifiers of any brand) and 1,901 are teams (the third most teams of any brand)2, earning industry recognition for their 2024 sales volume and transaction sides. 'REMAX agents continue to raise the bar year after year,' said Erik Carlson, CEO of RE/MAX Holdings. 'Their dedication to their clients, strong market knowledge, and relentless drive to succeed are what set them apart. We're incredibly proud to see so many REMAX professionals honored among the best in the business.' Among the highlights: One in seven of America's top-producing agents and teams is affiliated with REMAX.2 Of the more than 4,000 REMAX agents that qualified, 3,302 qualified by transaction sides, averaging nearly 40 home sales per agent in 2024.2 REMAX teams led the industry in productivity, achieving the highest sides-per-agent average among brands with at least 150 qualifying team members in each RealTrends team size category. Across 1,584 REMAX teams, agents averaged 17.2 transaction sides each.2 REMAX earned 118 placements in 'The Thousand,' a prestigious subset of the rankings that honors the top 1,000 agents and teams by transaction sides and sales volume. REMAX agents and teams were ranked in the top 65 in all of the 10 agent and team categories and in the top 10 in five categories.3 REMAX also qualified more individual agents (63) for transaction sides in 'The Thousand' than any other brand. These agents averaged an impressive 143.7 transaction sides each.3 REMAX agents have consistently earned the highest number of individual agent rankings for transaction sides in 'The Thousand' for 13 consecutive years.3 This recognition underscores the REMAX network's commitment to delivering exceptional service and results for buyers and sellers across the United States. The RealTrends Verified rankings are based on independently verified data and recognize the top-performing participating agents and teams in the U.S. across several categories, including transaction sides and sales volume. To qualify for the rankings, individual agents must have closed at least 25 residential transaction sides or $10 million in closed sales volume in 2024, and teams must have closed at least 40 residential transaction sides or $16 million in sales volume in 2024. For more information about the RealTrends Verified rankings, visit 1MMR Strategy Group study of unaided awareness.2RealTrends Verified list ranks participating U.S. agents and teams based on their 2024 residential transaction sides and sales volume.3RealTrends 'The Thousand' list ranks participating U.S. agents and teams based on their 2024 residential transaction sides and sales volume. About the REMAX Network As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 145,000 agents in nearly 9,000 offices and a presence in more than 110 countries and territories. Nobody in the world sells more real estate than REMAX, as measured by residential transaction sides. REMAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. REMAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about REMAX, to search home listings or find an agent in your community, please visit For the latest news about REMAX, please visit
Yahoo
02-06-2025
- Business
- Yahoo
Reflecting On Real Estate Services Stocks' Q1 Earnings: RE/MAX (NYSE:RMAX)
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let's take a look at how RE/MAX (NYSE:RMAX) and the rest of the real estate services stocks fared in Q1. Technology has been a double-edged sword in real estate services. On the one hand, internet listings are effective at disseminating information far and wide, casting a wide net for buyers and sellers to increase the chances of transactions. On the other hand, digitization in the real estate market could potentially disintermediate key players like agents who use information asymmetries to their advantage. The 13 real estate services stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 2% while next quarter's revenue guidance was 0.8% below. While some real estate services stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 1.8% since the latest earnings results. Short for Real Estate Maximums, RE/MAX (NYSE:RMAX) operates a real estate franchise network spanning over 100 countries and territories. RE/MAX reported revenues of $74.47 million, down 4.9% year on year. This print exceeded analysts' expectations by 1.3%. Overall, it was a satisfactory quarter for the company with a solid beat of analysts' EPS estimates but EBITDA guidance for next quarter missing analysts' expectations. "For the fourth consecutive quarter, our company delivered solid profit and margin performance," said Erik Carlson, RE/MAX Holdings Chief Executive Officer. RE/MAX pulled off the highest full-year guidance raise of the whole group. The results were likely priced in, however, and the stock is flat since reporting. It currently trades at $7.75. Is now the time to buy RE/MAX? Access our full analysis of the earnings results here, it's free. Founded in Toronto, Canada in 2014, The Real Brokerage (NASDAQ:REAX) is a technology-driven real estate brokerage firm combining a tech-centric model with an agent-centric philosophy. The Real Brokerage reported revenues of $354 million, up 76.3% year on year, outperforming analysts' expectations by 6.3%. The business had a stunning quarter with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. The Real Brokerage achieved the fastest revenue growth among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 7.6% since reporting. It currently trades at $4.12. Is now the time to buy The Real Brokerage? Access our full analysis of the earnings results here, it's free. Founded in 2009, eXp World (NASDAQ:EXPI) is a real estate company known for its virtual, cloud-based approach to real estate brokerage. eXp World reported revenues of $954.9 million, up 1.3% year on year, falling short of analysts' expectations by 4%. It was a disappointing quarter as it posted a significant miss of analysts' adjusted operating income estimates. As expected, the stock is down 1.7% since the results and currently trades at $8.52. Read our full analysis of eXp World's results here. Founded in 1999 through the merger of Jones Lang Wootton and LaSalle Partners, JLL (NYSE:JLL) is a company specializing in real estate advisory and investment management services. JLL reported revenues of $5.75 billion, up 12.1% year on year. This result topped analysts' expectations by 4.1%. Aside from that, it was a mixed quarter as it also logged a decent beat of analysts' EBITDA estimates. The stock is down 3% since reporting and currently trades at $222.70. Read our full, actionable report on JLL here, it's free. Founded by a former medical school student, electrical engineer, and Amazon data engineer, Redfin (NASDAQ:RDFN) is a real estate company offering brokerage services through an online platform. Redfin reported revenues of $221 million, down 2% year on year. This number met analysts' expectations. Overall, it was a strong quarter as it also logged an impressive beat of analysts' EPS estimates and a solid beat of analysts' adjusted operating income estimates. The stock is up 13.2% since reporting and currently trades at $10. Read our full, actionable report on Redfin here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
Yahoo
16-05-2025
- Business
- Yahoo
RMAX Q1 Earnings Call: Revenue Tops Expectations Amid New Agent Initiatives and Cost Controls
Real estate franchise company RE/MAX (NYSE:RMAX) announced better-than-expected revenue in Q1 CY2025, but sales fell by 4.9% year on year to $74.47 million. Revenue guidance for the full year exceeded analysts' estimates, but next quarter's guidance of $72.5 million was less impressive, coming in 1.9% below expectations. Its non-GAAP profit of $0.24 per share was 35.2% above analysts' consensus estimates. Is now the time to buy RMAX? Find out in our full research report (it's free). Revenue: $74.47 million vs analyst estimates of $73.53 million (4.9% year-on-year decline, 1.3% beat) Adjusted EPS: $0.24 vs analyst estimates of $0.18 (35.2% beat) Adjusted EBITDA: $19.29 million vs analyst estimates of $17.62 million (25.9% margin, 9.5% beat) The company reconfirmed its revenue guidance for the full year of $300 million at the midpoint EBITDA guidance for the full year is $95 million at the midpoint, in line with analyst expectations Operating Margin: 7.2%, up from 5.8% in the same quarter last year Free Cash Flow was -$1.16 million, down from $4.54 million in the same quarter last year Agents: 146,126, up 2,839 year on year Market Capitalization: $155.3 million RE/MAX's first quarter results reflected higher than anticipated margin and profit performance, with management crediting ongoing operational discipline and a strategic focus on cost control. CEO Erik Carlson emphasized investments in new agent education and marketing technology, noting that recent product rollouts—including refreshed branding and agent tools—are designed to enhance the company's value proposition and support long-term growth. CFO Karri Callahan highlighted the company's ability to deliver improved margins through disciplined expense management, despite a challenging real estate market. Looking ahead, RE/MAX's leadership maintained full-year revenue guidance above Wall Street expectations and expects agent-focused initiatives such as the Aspire onboarding program to help stabilize and eventually grow agent count. However, management acknowledged continued macroeconomic uncertainty, particularly in the U.S. housing and mortgage sectors, which may affect the pace of recovery. As Carlson explained, '2025 is a year of transition, continued building, innovation, evolution, and execution,' with an emphasis on expanding and modernizing the company's products and services. Management attributed the quarter's results to ongoing cost discipline and the rollout of several strategic initiatives targeting agent productivity and recruitment. These efforts aim to position RE/MAX for future growth, even as the broader real estate market remains pressured by macroeconomic challenges. Agent-Focused Initiatives: The launch of the Aspire onboarding program, combining education, technology, and financial incentives, is intended to attract and support new agents while reducing early attrition. Management described early adoption as better than expected, with the program viewed as a step toward greater model flexibility. Brand and Digital Refresh: A refreshed RE/MAX logo and balloon branding, alongside digital tools like MAX/Engage and AI-powered features, are being introduced to strengthen the brand's online presence and support agent marketing efforts. These updates seek to address shifting consumer behaviors and the growing importance of digital engagement in real estate transactions. International Agent Growth: RE/MAX reported notable agent count growth outside the U.S., especially in markets like South America and Portugal. Management attributed this to strong local operators and brand momentum, as well as tailored technology and marketing offerings for international affiliates. Operational Efficiencies: The company achieved margin improvements through ongoing expense reductions, especially in professional fees and personnel costs. Callahan noted that this cultural shift toward cost management has become ingrained over the last 12–18 months. Mortgage Segment Headwinds: The mortgage segment, including Motto and wemlo, continued to face challenges from a tough macro environment. However, recent franchise renewals and high event attendance were cited as signs of underlying resiliency, with management expecting gradual improvement as market conditions stabilize. Management's outlook for the year centers on leveraging new agent tools, disciplined expense management, and international expansion to offset ongoing macro headwinds in the U.S. housing market. Strategic investments in technology and agent support are expected to foster gradual improvement in agent count and profitability. Agent Recruitment and Retention: The Aspire program and related onboarding initiatives are seen as critical to stabilizing and eventually growing agent count, with management aiming to lower early-stage agent churn and enhance productivity. Digital and Brand Modernization: Continued investment in digital marketing tools and brand updates is expected to help agents compete more effectively, especially as more homebuyers begin their search online. International Expansion: Growth in agent count abroad remains a priority, supported by localized technology offerings and marketing platforms. Management believes international markets present meaningful long-term opportunities for both revenue and profitability. Anthony Paolone (JP Morgan): Asked about franchise sales declines and whether new initiatives might pressure this line. Management cited wind-down of legacy tech acquisitions and emphasized potential of new ancillary revenue streams like RE/MAX Media Network. Nick McAndrew (Zelman): Queried competitive positioning of Aspire and its ability to attract agents from cap-based models. CEO Carlson highlighted Aspire's flexibility and broader appeal to agents previously not considering RE/MAX. Stephen Sheldon (William Blair): Probed whether new initiatives could stabilize U.S. agent count. Management reported positive early adoption and noted April's agent count trends were the best since 2022. John Campbell (Stephens Inc.): Asked if margin gains could continue as revenue grows. CFO Callahan stressed a disciplined approach to reinvestment and a focus on purposeful, return-driven spending. Tommy McJoynt (KBW): Sought clarity on RE/MAX's U.S. agent market share and the company's position regarding recent changes to the National Association of Realtors' Clear Cooperation Policy. Management reaffirmed its commitment to transparency and broad listing distribution. Looking forward, the StockStory team will be watching (1) adoption rates and impact of the Aspire onboarding program on agent recruitment and retention, (2) further progress in digital product rollouts and their effect on agent productivity, and (3) stabilization or improvement in the mortgage segment's revenue. Continued international agent growth and the company's ability to manage expenses while pursuing new revenue streams will also be important drivers to track. RE/MAX currently trades at a forward P/E ratio of 6×. In the wake of earnings, is it a buy or sell? See for yourself in our free research report. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-05-2025
- Entertainment
- Yahoo
Morgantown ‘Arts Walk' dates and times for 2025
MORGANTOWN, (WBOY) — Main Street Morgantown held its first 'Arts Walk' in downtown Morgantown for the 2025 summer season, but it'll be the first of several to be held throughout the year. From May until November, each month will have its own Arts Walk and its own theme to go along with it. Each walk will have a collection of vendors on High Street selling food, art, decorations, clothing, jewelry and more. May 10, 11 a.m. to 3 p.m. – Spring Arts Walk June 14, 11 a.m. to 3 p.m. – Pride in our Community July 12, 11 a.m. to 3 p.m. – Summer Arts Walk Aug. 9, 11 a.m. to 3 p.m. – Dog Days of Summer & Back to School Sept. 12, 6 p.m. to 9 p.m. – Pep Rally Oct. 3, 6 p.m. to 9 p.m. – Halloween & Cryptid Creatures Nov. 7, 6 p.m. to 9 p.m. – Local for the Holidays Executive Director of Main Street Morgantown Erik Carlson said the Arts Walk are designed to make the most out of downtown Morgantown and attract people who may not normally spend an afternoon in the city learn more about what it has to offer. Major charities in Morgantown merge to better serve public 'We want to have as many reasons as possible for people to come visit our downtown,' Carlson said. 'See the stores that we have, see the offerings that we have, build and support local arts scenes, and hope to see them come down when it's not Arts Walk as well, because there's so many great things that are happening downtown.' To learn more about the Morgantown Arts Walk or or to find out how you can become a vendor at the event, you can visit its official website here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
