An update from Foxtons ( (GB:FOXT) ) is now available.
Foxtons Group PLC reported a 24% increase in Q1 2025 revenue to £44.1 million, driven by a 73% surge in Sales revenue and a 5% rise in Lettings revenue, bolstered by strategic acquisitions. The company capitalized on heightened market activity ahead of a stamp duty deadline, achieving its highest quarterly Sales revenue since 2016 and reinforcing its market leadership. Despite a reduced under-offer pipeline entering Q2, Foxtons anticipates rebuilding momentum, with future interest rate cuts potentially accelerating growth. The company remains confident in delivering further growth and long-term value for stakeholders.
Spark’s Take on GB:FOXT Stock
According to Spark, TipRanks’ AI Analyst, GB:FOXT is a Outperform.
Foxtons’ overall stock score reflects strong financial performance with solid revenue growth and profitability, supported by strategic corporate events enhancing shareholder value. Technical analysis indicates some short-term weaknesses, but the stock’s reasonable valuation and strategic initiatives suggest potential for long-term gains.
To see Spark’s full report on GB:FOXT stock, click here.
More about Foxtons
Founded in 1981, Foxtons is London’s leading estate agency and largest lettings agency brand, managing over 31,000 tenancies. The company operates through a network of interconnected branches in London and high-growth commuter towns, providing residential property services in Lettings, Sales, and Financial Services. Foxtons focuses on non-cyclical and recurring revenues from Lettings and Financial Services, aiming for growth in Sales market share, supported by its advanced technology platform and unique business model.
YTD Price Performance: -15.04%
Average Trading Volume: 420,414
Technical Sentiment Signal: Sell
Current Market Cap: £173.3M
See more data about FOXT stock on TipRanks’ Stock Analysis page.