In a regulatory filing, Realogy disclosed that USAA is discontinuing the USAA Real Estate Rewards Network, and that it will have a "material impact on earnings at Cartus [one of Realogy's subsidiaries] and will result in a reduction of in-network homesale transactions for Realogy and its brands. Investing Basics As the largest full-service residential real estate services company in the U.S., Realogy is particularly exposed to the threat posed by discount brokerages. Shares are down nearly 22 percent since the market opened after Realogy announced changes … Let's conquer your financial goals together...faster. See you at the top!
And according to the filing, USAA accounted for a "significant portion" of the company's business.Realogy also mentioned that its Cartus brand is launching its own military rewards program on Sept. 7, the day after the USAA Real Estate Rewards Network program will accept its last enrollments.Additionally, Realogy has some other potential positive catalysts, such as its Even so, it's questionable just how much of a profit boost the Amazon program could provide even if it's successful, and it's unlikely that Realogy's military rewards program will be as effective of a lead generator as the USAA program it aims to replace.Realogy has been beaten down tremendously, losing nearly 70% of its value so far in 2019 alone. Follow him on Twitter to keep up with his latest work!
About Us As of 11:40 a.m. EDT on Thursday, Realogy shares were down by roughly 20%.
Investing Basics
Cumulative Growth of a $10,000 Investment in Stock AdvisorWhy Realogy Shares Are Down 20% Today @themotleyfool #stocks $RLGY Realogy has been beaten down tremendously, losing nearly 70% of its value so far in 2019 alone.
And its stock is now worth $4.75. Cumulative Growth of a $10,000 Investment in Stock AdvisorHere's Why Realogy Stock Is Plunging Today @themotleyfool #stocks $RLGY "Given this news, it's not difficult to see why investors are disappointed. Personal Finance Revenue declined by 9% year over year, which was an accelerated rate of decline compared with the 6.2% annual drop in the fourth quarter.Realogy lost $0.67 per share on an adjusted basis, far steeper than the $0.38 per share it lost in the first quarter of 2018.The main culprit for the poor results was low home sale volume.
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Retirement Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. See you at the top! This comes on the heels of already-dismal performance in 2019, fueled by the company's Not only were Realogy's numbers bad, but they also actually worsened from the ugly fourth quarter. Personal Finance Realogy Stock Hits Low, Now Same Price as a Starbucks Latte Returns as of 08/29/2020. However, this is particularly concerning as the National Association of Realtors reports just a 4% decline in home sale volume in the first quarter of 2019 versus the first quarter of 2018.Realogy blames a combination of geographic-specific weakness and higher competition in certain markets. Unless the company can show it's able to compete more effectively and increase its sales volume, I'm not expecting shares to rebound anytime soon.Stock Advisor launched in February of 2002.
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