The Rent.com.au (ASX:RNT) share price surged 11.5% today

Shares in the rental property website have jumped again today, continuing an impressive run for the company this year to date.

| More on:
Super Retail share price upgrade buy re-rating A drawing of a a superhero businessman in fron of a cityscape in silhoutte, indicating a share price earnings super cycle

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Rent.com.au Ltd (ASX: RNT) share price has spent today's session firmly in the green, shooting up 11.5% in early trading.

The Rent.com.au share price was trading at 14.5 cents at the market close today, up 7.69% after hitting an intraday high of 15 cents. This means it has finished the previous 5 sessions more than 16% higher.

Let's take a look at the Rent.com.au share price and some of the news around its price action this year.

Despite there being no market-sensitive information specific to the company today, shares in the rental property website continue an impressive run this year to date.

Since 1 January, Rent.com.au shares have catapulted more than 190%, far outpacing the S&P/ASX 200 Index (ASX: XJO)'s return of 9.7% over the same time period.

Over the previous 12 months, the Rent.com.au share price has delivered a return of 311%, again outpacing the broad index's return of ~22% for the same period.

Much of this upside can likely be attributed to two key events in the company's growth narrative.

Firstly, Rent.com.au announced back in February that well-known Australian tech investor Bevan Slattery had made a $2.75 million investment in the company. The share price rocketed 218% higher on the day of the announcement.

Later in March, the company announced that its FinTech offering RentPay had secured an agreement with SkyCredit Ltd, effectively adding beneficial features to the RentPay platform. RentPay is an application that allows direct debit forms of rent servicing, all provided on a ledger for future rental reference.

Both announcments seem to have been welcomed by the market with the company's share price skyrocketing from 4 cents to a high of 39.5 cents.

Rent.com.au share price snapshot

The Rent.com.au share price is currently trading well off its 52-week high of 39.5 cents but is sitting above the 52-week low of 3 cents.

At the current share price of 14.5 cents, Rent.com.au has a market capitalisation of $57.7 million.

The company has negative earnings per share from the most recent filings and does not pay a dividend to shareholders.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Real Estate Shares

Big red real estate for sale sign in front of property
Real Estate Shares

It's one of the best businesses on the ASX, but are REA Group shares a buy today?

REA Group is up nearly 160% over the past 5 years.

Read more »

Magnifying glass in front of an open newspaper with paper houses.
Real Estate Shares

5 ASX stocks making Macquarie's top picks in the listed property sector

Macquarie expects the future is looking brighter for these ASX real estate stocks. But why?

Read more »

ASX 200 shares broker downgrade origami paper fortune teller with buy hold sell and dollar sign options
REITs

Is the ASX Charter Hall Retail REIT a buy, hold, or sell, according to Macquarie?

The top broker has just released a new note about this popular ASX real estate investment trust.

Read more »

Buy, hold, and sell ratings written on signs on a wooden pole.
Real Estate Shares

After its result, does Macquarie have a buy, hold or sell rating on REA Group shares?

REA Group shares are down 4% since Friday’s earnings results. Should I buy the dip right now?

Read more »

Two laughing young women hold shopping bags and ride an escalator up to another level in a Scentre Group shopping centre.
Real Estate Shares

Are Scentre Group shares a buy after today's operating update?

The ASX 200 company has made progress on several key metrics.

Read more »

Magnifying glass in front of an open newspaper with paper houses.
Real Estate Shares

Are property focused ASX shares a good buy in the current market?

Recent changes in market conditions could have created a buying opportunity for these ASX real estate shares.

Read more »

Mini house on a laptop.
Real Estate Shares

Are Domain Holdings shares undervalued?

The Domain Holdings share price has skyrocketed this year. Does it have more room to run?

Read more »

Blue and orange arrow rising alongside graph points, symbolising growth stocks.
AI Stocks

How AI is helping this $59 billion ASX 200 stock retain 'attractive' earnings growth

A leading expert forecasts an AI fuelled turnaround for this $59 billion ASX 200 company.

Read more »