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HomeAway - The Next Hot Stock?

On Wednesday investors were closely watching the action in HomeAway, wondering if this stock was the next big thing.

Shares of the HomeAway surged way above their $27 IPO price in their first day of trade as investors gobbled up the vacation rental website, generating chatter about the company’s future potential.

According to published reports, the six-year-old Austin, Texas-based HomeAway rents out fully furnished, privately owned homes, condominiums and villas.

The company, which competes with Priceline.com, TripAdvisor and Wyndham Worldwide, has about 560,000 paid vacation rental home listings around the world.

HomeAway has never posted a profit since its inception and in the three months ended March 31, 2011, the company posted a net loss of $7.5 million on revenue of about $52 million.

What else must you know about this company before you place your bets? Find out from Chief Executive Brian Sharples in our exclusive conversation.

Watch the video now!







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Trader disclosure: On June 29, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Adami owns (AGU); Adami owns (C); Adami owns (GS); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU); Adami owns (INTC); Jon Najarian owns (AAPL) call spreads; Jon Najarian owns (MT) call spreads; Jon Najarian owns (CBS) call spreads; Jon Najarian owns (HOC) call spreads; Jon Najarian owns (MA) call spreads; Jon Najarian owns (MON) call spreads; Jon Najarian owns (POT) call spreads; Jon Najarian owns (X) call spreads; Jon Najarian owns (V) call spreads; Terranova Owns (VRTS); Terranova Owns (IBM); Terranova Owns (FCX); Terranova Owns (CVI); Terranova Owns (F); Terranova Owns (AAPL); Terranova Owns (CAT); Terranova Owns (BX); Terranova Owns (HPQ); Terranova Owns (MA); Terranova Owns (PEP); Terranova Owns (MCD); Terranova Owns (JWN); Terranova Owns (TM); Terranova owns (MSFT); Terranova Owns (LULU); Terranova Owns (WFM); Terranova Owns (DAR); Terranova Owns (BJ); Terranova Owns (HAS); Terrnaova owns (DIS); Terranova Owns (XOM); Terranova Is Short (DELL); Steve Grasso owns (AKS); Steve Grasso owns (AMD); Steve Grasso owns (ASTM); Steve Grasso owns (BA); Steve Grasso owns (BAC); Steve Grasso owns (C); Steve Grasso owns (D); Steve Grasso owns (HOV); Steve Grasso owns (JPM); Steve Grasso owns (LIT); Steve Grasso owns (LPX); Steve Grasso owns (MHY); Steve Grasso owns (NDAQ); Steve Grasso owns (PFE); Steve Grasso owns (PRST)

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One of 8 national finance chairs for Mitt Romney campaign
Held a fundraiser for Mitt Romney
Has contributed to the Romney campaign

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