QUOTE AND NEWS
Benzinga  Nov 24  Comment 
In a note date November 21, Credit Suisse analyst Stephen Ju assumed coverage of HomeAway, Inc. (NASDAQ: AWAY) by maintaining Neutral rating and $40 price target. Ju has assumed coverage of HomeAway due to the departure of the primary analyst....
Benzinga  Nov 24  Comment 
Credit Suisse released notes for online travel companies Friday after an analyst departure. Below are highlights from analysts led by Stephen Ju along with current ratings and price targets. Expedia Inc (NASDAQ: EXPE) - Neutral, $87 price...
USAToday.com  Nov 17  Comment 
HomeAway CEO Brian Sharples has had one or two rude surprises over the past few weeks.
TechCrunch  Nov 13  Comment 
 To expand its business, Gogobot has raised $20 million in Series C financing led by HomeAway, and the vacation rental company’s CEO Brian Sharples will be joining Gogobot’s board of directors. Read More
Insurance Journal  Nov 7  Comment 
A vacation-home rental website has sued San Francisco, claiming a new law making it legal for residents to rent out their homes online for short periods unfairly gives rivals such as Airbnb an advantage. The lawsuit filed Monday by HomeAway...
Motley Fool  Nov 5  Comment 
The online vacation rental specialist's strong third quarter was overshadowed by disappointing guidance.
Motley Fool  Nov 4  Comment 
Three straight quarters of lower EBITDA guidance take a toll as investors head for the exits.
Wall Street Journal  Nov 4  Comment 
Travel-lodging site HomeAway Inc.’s third-quarter profit fell 42%, hurt by higher expenses, even as the company recorded an increase in listings and a better ratio of revenue per listing.




 
TOP CONTRIBUTORS

HomeAway (NASDAQ:AWAY) is an online vacation rental company that provides a virtual market space where users can post their privately-owned homes for rent. The company has funished villas, resort homes, cabins, secondary vacation living spaces from all over the world with over 9.5 million unique viewers per month. The company's business model allows viewers to browse the website freely at no charge while the property managers and owners pay an annual listings fee. Additional tools and software add-ins are also available for a fee in order to facilitate postings and updates. [1]

Business Overview

For the full year 2010, KiOR posted $168M in revenue and $16.9M in net income. This was a 40% increase in revenue and 120% increase in net income as compared to the previous year.[2]

New Updates

The company's initial public offering of stock on the NASDAQ occurred on June 28, 2011. The company offered 8M shares each for $27 at the high end of the the $24-$27 initial price range. The offering raised only a total of $216M. The lead managers of the IPO were Morgan Stanley (MS), Deutsche Bank AG (DB), Goldman Sachs Group (GS) and J P Morgan Chase (JPM). [3]

Trends & Forces

Opportunity to Improve Inefficient Vacation Rental Market

The vacation rental market is a highly fractionated and inefficient market space with significant opportunity for online advertising. In the past, vacationers have not had very many consolidated locations to compare offers or explore new travel locations. Historically many property managers have also had issues being to maximize revenues by renting locations during low periods. These inherent market inefficiencies have largely been reduced with online marketing services similar to the ones that HomeAway provides. Similar to EBay (EBAY) and other e-commerce companies, the sellers rely on customer feedback ratings and reviews to develop credibility with potential renters. [4]

  1. HomeAway S-1/A 2011 SUMMARY "Overview" pg 1-2
  2. HomeAway S-1/A 2011 SUMMARY "SUMMARY CONSOLIDATED FINANCIAL AND OTHER DATA" pg 8
  3. Renaissance Capital - IPO Home "HomeAway prices IPO at $27, at high end of the range" 28 June 2011
  4. HomeAway S-1/A 2011 PROSPECTUS SUMMARY "The Vacation Rental Industry" pg1-3
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