RKT
SHORTROCKET COS INC
Research: Finviz ↗·Perplexity ↗
🗄 Viewing archived Q1 2026 data — frozen, no longer refreshed.
News Summary
NegativeRocket Companies delivered strong Q1-Q2 2026 earnings with record market share gains (6.2% purchase, 14.3% refinance) and impressive profitability ($738M-$766M adjusted EBITDA), but issued significantly below-consensus Q3 guidance ($2.5-$2.7B vs. $2.91B consensus) citing a smaller mortgage market, causing a 10% after-hours stock decline. The company faces mounting headwinds including rising mortgage rates (6.8%), an FTC antitrust trial against Redfin (subsidiary), a missed 10-Q SEC filing deadline, and declining full-year EPS estimates ($0.64→$0.50 over 90 days), partially offset by successful integration synergies ($140M from Redfin) and AI-driven productivity improvements.
Red flags
- •Q3 2026 guidance midpoint 10.1% below analyst consensus; substantial market disappointment
- •Mortgage rates rising to 6.8%, highest in over a year, pressuring demand and affordability
- •Full-year 2026 EPS estimates declined from $0.64 to $0.50 over past 90 days
- •FTC antitrust trial against Redfin (Rocket subsidiary) commenced August 24, 2026 with two-week duration; stock fell 3.3% on trial news
- •Missed SEC 10-Q filing deadline (May 12, 2026), creating regulatory uncertainty and information asymmetry
- •Q3 mortgage market expected smaller than Q2—trend not seen since 2022, signaling structural market weakness
Funds Reducing / Exiting (3)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Soros Fund Management | Soros Family Office | 13K | -30,399 | $0M | <0.1% | -69% | Existing |
| Third Point | Dan Loeb | 0 | −9.5M | — | 2.5% | -100% | EXITED |
| Coatue Management | Philippe Laffont | 0 | −6.7M | — | 0.3% | -100% | EXITED |
Shares Held reflects quarter-end positions for partial reductions. Funds that fully exited show 0 shares held. ∆ Shares is the change from the prior quarter. % of Fund is the prior-quarter position size — how much of the book was sold down.
Fund 13D/13G Filings (5)
Tracked funds' beneficial-ownership filings on this stock — disclosed within days of a position change, fresher than the quarterly 13F. Since Filing compares the stock to SPY from the filing date (shown for filings within the last 90 days).
| Fund | Form | ∆ Shares | % of Class | Since Filing | Filed | Src |
|---|---|---|---|---|---|---|
| ValueAct Holdings | SC 13D/A | +16.1M | 4.3% | — | 2025-10-03 | ↗ |
| ValueAct Holdings | SC 13D/A | +2.7M | 9.9% | — | 2025-08-04 | ↗ |
| ValueAct Holdings | SC 13D/A | +3.0M | 8.9% | — | 2025-07-11 | ↗ |
| ValueAct Holdings | SC 13D/A | +4.6M | 7.7% | — | 2025-07-03 | ↗ |
| ValueAct Holdings | SC 13D | NEW | 9.9% | — | 2025-05-15 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| FMR LLC | SC 13G/A | 21.9M | 2.3% | 2026-02-05 | ↗ |
| Boston Partners | SC 13G/A | 13.0M | 1.4% | 2026-01-16 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.