Rocket Companies, Inc., provides spanning mortgage, real estate, and personal finance services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company offers Rocket Mortgage, a mortgage lender service; Rocket Close, an appraisal management, settlement, and title service; Rocket Homes, a home search platform and real estate agent referral network that provides technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business. It also provides Rocket Money that provides financial wellness services, including subscription cancellation, budget management, and credit score; and Lendesk, a software service that provides a point of sale system for mortgage professionals and a loan origination system for private lenders. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. operates as a subsidiary of Rock Holdings Inc.
Mortgage Giant's Pulse | Rocket Companies navigates market volatility with mixed Q1 results, meeting EPS expectations but facing challenges in Q2 projections and margins |
Strategic Acquisition | Delve into Rocket's $1.75B Redfin acquisition, a bold move to boost market share and diversify revenue streams, with potential EPS benefits by 2026 |
Market Dynamics | Explore the paradox of increased refinancing activity and home purchase plans amidst high mortgage rates, presenting opportunities and challenges |
Future Trajectory | Analyst targets range from $10 to $18, reflecting divided opinions on Rocket's ability to overcome near-term hurdles and capitalize on long-term potential |
Metrics to compare | RKT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipRKTPeersSector | |
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P/E Ratio | −121,419.8x | 4.1x | 9.7x | |
PEG Ratio | - | −0.01 | 0.03 | |
Price/Book | 5.0x | 3.0x | 1.0x | |
Price / LTM Sales | 7.3x | 4.0x | 2.9x | |
Upside (Analyst Target) | −10.1% | 1.8% | 10.4% | |
Fair Value Upside | Unlock | 8.1% | 0.9% | Unlock |