- Shares of Compass have slid more than 40% year to date and are down by two-thirds relative to all-time highs.
- The market has baked in the fear of a real estate slowdown, despite the fact that Compass continues to buck the industry trends.
- Revenue is still growing at double-digits, and Compass continues to gain market share.
- Compass has reiterated its target of achieving $1.2 billion in annual adjusted EBITDA by 2025, driven by improving agent productivity and additional adjacent services.
For further details see:
Compass: This Real Estate Titan Is Too Good Of A Steal To Pass On