|Bid||52.58 x 1000|
|Ask||58.26 x 1100|
|Day's range||56.26 - 58.20|
|52-week range||18.65 - 66.96|
|Beta (5Y monthly)||1.13|
|PE ratio (TTM)||N/A|
|Earnings date||05 Aug 2020 - 10 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||42.53|
Carvana (NYSE: CVNA), Spotify (NYSE: SPOT), and Zillow Group (NASDAQ: ZG)(NASDAQ: Z) are three high-growth stocks that are just getting started. Carvana is the country's third-largest retailer of used cars, but its business model is completely different than that of traditional car dealers. For starters, it doesn't even have dealership locations.
Zillow Group (ZG) resumes home buying for Zillow Offers in four of its markets, and announces implementation of new initiative to protect company stakeholders.
Shares of Zillow Group (NASDAQ: ZG) (NASDAQ: Z) fell nearly 12% on Tuesday after the real estate platform said it would seek to raise $1 billion via stock and convertible debt offerings. In its recently released first-quarter earnings report, Zillow highlighted the steps it was taking to bolster its cash reserves during the COVID-19 crisis, ahead of what many economists believe will be a forthcoming economic recession. Zillow's cost-reduction initiatives helped it grow its cash and investments up to $2.6 billion by the end of March.
Online home valuation resource Zillow Group (NASDAQ: Z) (NASDAQ: ZG) plans to boost its liquidity even further. At Zillow's current stock price of just about $52 per share, the company will issue about 9.6 million new Zillow C-shares. In an accompanying press release, Zillow announced that it "intends to use the net proceeds from the Shares Offering and the Notes Offering to repurchase a portion of its outstanding 2.00% convertible senior notes due 2021" (thus rolling over old debt), but also, potentially, for "acquisitions of, or investments in, other businesses, products or technologies" (i.e.
Both share classes of Zillow Group (NASDAQ: Z)(NASDAQ: ZG) blew past the market on Friday. For the quarter, Zillow's total revenue rose 148% on a year-over-year basis to nearly $1.13 billion. The company's generally accepted accounting principles (GAAP) net loss deepened to $163 million, from the year-ago shortfall of almost $68 million.
As of 3:10 p.m. EDT today, Zillow's stock was up 10%. Revenue soared 148% year over year to $1.1 billion, driven by a sixfold increase in its Zillow Offers home-flipping business. Notably, revenue growth in Zillow's Premier Agent business, which sells leads to real estate agents, accelerated to 11% in the first quarter, up from 6% in the fourth quarter of 2019.
Zillow (ZG) delivered earnings and revenue surprises of 28.57% and 6.49%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Zillow Group (NASDAQ: Z)(NASDAQ: ZG) soared 28.2% during April, according to data from S&P Global Market Intelligence. April's strong gain came on the heels of a dreadful March, when Zillow Group shares tanked 39% from $56 to $34 due to the panic over COVID-19. During April, CEO Rich Barton released his 2019 shareholder letter in which he reviewed some of the company's recent efforts.
Real estate marketplace platform Zillow (NASDAQ: Z) published a report today saying it believes home prices will dip 2% to 3% this year from pre-coronavirus levels, with prices returning to the levels seen at the end of 2019 by the third quarter of 2021. In what it believes to be the most likely of several scenarios outlined in the report, Zillow predicts that sales could rebound at a rate of about 10% per month after the initial plunge, as a quick economic recovery follows a short-term recession when the economy reopens. At the end of April, the National Association of Home Builders (NAHB) said that home builder confidence in 55 markets dropped to its lowest level since the fourth quarter of 2012.
Zillow (ZG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The traditional "spring buying season" for homes may be a bust this year for traditional realtors, Redfin (NASDAQ: RDFN), Zillow Group (NASDAQ: Z)(NASDAQ: ZG), and others, according to March data released Wednesday morning by the National Association of Realtors (NAR).
Zillow said Monday it will temporarily stop buying homes in all 24 markets where it operates in response to public health orders related to the COVID-19 pandemic, the latest real estate startup to shift how it operates as the disease caused by coronavirus continues to spread. Zillow said it decided to pause making offers to sellers after several counties and states, including California, Illinois, Louisiana, Ohio, New York and Nevada, implemented emergency orders requiring people to stay home and all non-essential business activities, including some real estate-related activities, to stop. Zillow follows action from other real estate startups such as Opendoor and Redfin to temporarily pause making offers on homes.
TORONTO and CINCINNATI, Feb. 27, 2020 /CNW/ -- Dotloop®, an industry-leading, end-to-end transaction management platform for real estate professionals, announced today its first Canadian provincial-wide access to forms. Ontario Real Estate Association's Standard Forms and Clauses are now available directly within dotloop, creating an improved transaction management option for OREA's 80,000 members. The addition of OREA Forms provides agents a more reliable, faster, and easier to use way to manage their transactions in dotloop.
TORONTO , Feb. 24, 2020 /CNW/ -- For residents of Canada's largest city, Toronto , it is no secret that the housing market presents challenges. According to a recent Zillow and Ipsos survey, Torontonians confidence in their ability to own the home they want is on the decline due to rising home prices. Toronto is also the city most likely to be perceived to be in a housing bubble.
Zillow Group's (ZG) fourth-quarter results reflect solid growth in Homes segment revenues, momentum in the Premier Agent business and robust demand for Zillow Offers.
Zillow (ZG) delivered earnings and revenue surprises of 27.78% and 16.01%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?