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Dan Gilbert's Rocket mortgage giant adds auto finance to its future e-commerce platform - Vimarsana News

Dan Gilbert's Rocket mortgage giant adds auto finance to its future e-commerce platform

Print Rocket Companies Inc., parent company of Detroit-based lending giant Rocket Mortgage, has partnered with AutoFi, a digital car sales and finance platform, to add finance offerings to its planned consumer-facing automotive retail marketplace. The future site, Rocket Auto, will feature vehicle inventory and connect customers directly to auto lender offerings. Rocket Companies would not say when the e-commerce site will launch. Rocket Auto currently serves as a white label call center for online used-car retailer Vroom and other vehicle retailers. "Rocket Companies is one of the most innov...

Home Point stock dips 17.7% after it reports $149M 1st quarter profit - Vimarsana News

Home Point stock dips 17.7% after it reports $149M 1st quarter profit

Home Point stock dips 17.7% after it reports $149M 1st quarter profit View Comments Home Point Capital Inc. shares tumbled 17.7% in afternoon trading after the Ann Arbor-based mortgage lender missed Wall Street expectations despite a booming housing market. The company reported revenue of $422 million in the first three months of 2021, more than five times that received in the prior-year quarter. But it missed analyst expectations by nearly $42 million, according to financial news website Seeking Alpha. The $1.07 earnings per share, however, surpassed expectation by 37 cents. Home Point repo...

Rocket Companies, Inc. (RKT) Q1 2021 Earnings Call Transcript - Vimarsana News

Rocket Companies, Inc. (RKT) Q1 2021 Earnings Call Transcript

Operator Good day, and thank you for standing by, and welcome to the Rocket Companies, Inc. first-quarter 2021 earnings call. [Operator instructions] I would now like to hand the conference over to your speaker today, Sharon Ng. Please go ahead. Sharon Ng -- Vice President of Investor Relations Good afternoon, everyone, and thank you for joining us for Rocket Companies earnings conference call covering the first quarter of 2021. I'm Sharon Ng, the new vice president of investor relations here at Rocket Companies. With us this afternoon are our CEO, Jay Farner; CFO Julie Booth; and President...

Source: fool.com
Rocket Companies, Inc. (NYSE:RKT) - Rocket Companies Falls Following Q1 EPS Miss, Revenue Beat - Vimarsana News

Rocket Companies, Inc. (NYSE:RKT) - Rocket Companies Falls Following Q1 EPS Miss, Revenue Beat

Share: What Happened: Rocket Companies Inc's (NYSE: RKT) first-quarter adjusted revenue of $4 billion was up 91% year over year, beating consensus estimates of $3.97 billion. Earnings per share of 89 cents per share came in just shy of analysts' 90-cent estimate. Closed loan origination volume hit $103.5 billion in the quarter. The first quarter was the strongest first quarter in company history for purchased closed loan volume. In March, the company had its highest-ever purchase application volume. Average visitors to the company’s Rocket Homes website saw a 300% year-over-year increase...

Rocket Companies Announces First Quarter 2021 Earnings Date - Vimarsana News

Rocket Companies Announces First Quarter 2021 Earnings Date

Rocket Companies Announces First Quarter 2021 Earnings Date News provided by Share this article Share this article DETROIT, April 21, 2021 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based holding company consisting of tech-driven real estate, mortgage and financial services businesses – including Rocket Mortgage, Rocket Homes and Rocket Auto – today announced the Company will issue its first quarter 2021 earnings on May 5, 2021. Management will host a conference call to discuss results at 4:30 p.m. ET on this date and a press relea...