REAX▲
Real Brokerage and Re/Max complete merger to form Real REMAX Group
The Real Brokerage and Re/Max have closed their previously announced merger and now operate under the name Real REMAX Group. The combined company also announced a $450 million share repurchase authorization. Starting Tuesday, Aug. 25, 2026, shares of Real REMAX Group will trade on the Nasdaq under the REAX symbol. Under the agreement, Real Brokerage shareholders, following a 10-for-1 share consolidation, received one share of Real REMAX common stock for each REAX share held, while Re/Max shareholders received either 0.515 REAX shares or $4.33 in cash and 0.3535 REAX shares for each RMAX share. Real Brokerage stock rose 8.6% and Re/Max shares jumped 7.6% in after-hours trading.
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REAX▲
Real REMAX Group authorizes up to $450M share repurchase program
Real REMAX Group announced on Monday that its Board of Directors has authorized a share repurchase program under which the company may repurchase up to the lesser of $450 million in value or 25 million shares of its common stock. Chairman and CEO Tamir Poleg said the authorization reflects the board's confidence in the company's long-term strategy and commitment to balanced capital allocation, including deleveraging and share repurchases. Shares of REAX gained nearly 7% during extended trading hours.
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REAX▲
Real Brokerage Q2 revenue rises 30% to $700.6 million
The Real Brokerage reported second-quarter revenue of $700.6 million, up 30% year over year, driven by a 27% increase in closed transactions to 62,380 sides. Non-GAAP adjusted EBITDA grew 38% to $27.6 million, while net loss was $8 million, including $11.6 million in acquisition-related costs tied to the pending RE/MAX transaction. Agent count rose 26% year over year to 35,348 at quarter end and has since exceeded 36,000. Gross margin declined to 8.3% from 8.9% a year earlier as capped agents accounted for 42% of closed sides, up 300 basis points. Management expects third-quarter revenue and adjusted EBITDA to decline sequentially due to normal seasonal patterns, and the company ended the quarter with $86.6 million in unrestricted cash and investments.
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REAX▲
CoStar, JPMorgan, Real Brokerage, Semtech, and Paramount moved sharply on Tuesday
Several stocks made notable moves on Tuesday. CoStar fell 3.6% after its CFO departed, prompting a Baird downgrade. JPMorgan Chase rose 2.6% after reporting second-quarter results that beat Wall Street expectations. The Real Brokerage gained 4.5% after the Department of Justice granted early termination of the Hart-Scott-Rodino waiting period for its proposed merger with RE/MAX Holdings. Semtech rose 5.7% after Needham reiterated a Buy rating and $200 price target following investor meetings with executives. Paramount fell 2.9% after a coalition of 12 US states filed a lawsuit seeking to block its proposed $110 billion acquisition of Warner Bros. Discovery.
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REAX▲
Real Brokerage surpasses 35,000 agents across US and Canada
The Real Brokerage announced on June 24, 2026 that it has surpassed 35,000 agents across the United States and Canada, a milestone CEO Tamir Poleg called incredible. Earlier in June, the company added NOVEM Real Estate, expanding its presence in key New York markets including Manhattan, Brooklyn, Queens, Long Island, and Westchester County. On June 17, entrepreneur and JPAR Real Estate founder JP Piccinini joined as a Growth Leader to support agents, teams, and brokerage leaders alongside Chief Growth Officer Jason Cassity.
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REAX▼
Newmark Q1 revenue beats estimates but stock falls 5.7%
Newmark reported first-quarter revenues of $846.5 million, up 27.2% year on year and exceeding analysts' expectations by 13.2%, alongside full-year revenue guidance that also topped estimates. Among the 14 consumer discretionary real estate services stocks tracked, the group overall beat revenue consensus by 3.8% but issued next-quarter guidance 6.7% below expectations, and shares have fallen an average of 6.4% since reporting. Howard Hughes Holdings posted the biggest beat, with revenues of $235.9 million surpassing estimates by 20.4%, while RE/MAX was the weakest, missing revenue expectations by 2.7% with a 5.7% year-on-year decline. Compass recorded the fastest revenue growth at 99.4% year on year to $2.70 billion and raised guidance the most among peers, while The Real Brokerage missed revenue estimates by 3.4% despite a 31.5% increase.
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