EXPI - EXp World Holdings: Trough Earnings But Expensive

2024-04-08 09:15:14 ET

Summary

• eXp World Holdings is a cloud-based real estate brokerage that challenges the need for physical locations.
• The company markets itself as a tech company, but its success relies on a healthy housing market.
• The housing market currently faces challenges such as high interest rates and unaffordability, but a potential drop in rates could improve the situation.

Dear readers,

eXp World Holdings ( EXPI ) is a cloud-based real estate brokerage which has tried to revolutionize the real estate industry by challenging the age-old norm that a brokerage needs a physical brick and mortar location to operate. The company IPOed in 2013, but hasn’t really gained any traction until 2020 when its stock price sky rocketed from $4 per share to almost $80 per share....

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