EverQuote (NASDAQ:EVER) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

EverQuote (NASDAQ:EVER) posted its earnings results on Monday. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.43 by $0.08, Zacks reports. EverQuote had a net margin of 14.34% and a return on equity of 57.65%.

Here are the key takeaways from EverQuote’s conference call:

• EverQuote reported strong Q1 results with total revenue of $190.9 million (up 15% YoY) and record Adjusted EBITDA of $29.3 million (up 30% YoY), plus record operating cash flow of $29.6 million.
• The company is rapidly adopting agentic AI—revenue per employee has nearly tripled since Q1 2023—and is rolling out AI products like an AI cockpit and Smart Campaigns to boost productivity and customer outcomes.
• Management guided Q2 revenue of $185–195 million, VMD of $55–57 million and Adjusted EBITDA of $28–30 million, and reaffirmed a goal to reach $1 billion in revenue within 2–3 years.
• Demand from carriers remains strong with broad-based spending increases (one carrier more than doubled spend late in Q1) and roughly 80% of top carriers still below peak quarterly spend, implying room for upside.
• Balance sheet and capital allocation remain conservative: no debt, cash and equivalents of $178.5 million, and ~ $19.9 million of share repurchases in Q1, with buybacks and selective M&A as potential uses of capital.

EverQuote Stock Up 0.8%

EVER stock traded up $0.12 during trading on Monday, reaching $14.61. The stock had a trading volume of 1,948,452 shares, compared to its average volume of 872,313. EverQuote has a one year low of $13.88 and a one year high of $28.73. The company’s 50 day moving average is $15.85 and its two-hundred day moving average is $20.79. The company has a market capitalization of $526.40 million, a price-to-earnings ratio of 5.53 and a beta of 0.56.

Insider Transactions at EverQuote

In other EverQuote news, CEO Jayme Mendal sold 14,360 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $14.98, for a total value of $215,112.80. Following the transaction, the chief executive officer directly owned 541,777 shares in the company, valued at $8,115,819.46. The trade was a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jon Ayotte sold 1,730 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $15.56, for a total transaction of $26,918.80. Following the completion of the transaction, the chief accounting officer owned 86,202 shares in the company, valued at approximately $1,341,303.12. The trade was a 1.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 18,095 shares of company stock worth $272,489. Corporate insiders own 25.52% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVER. Comerica Bank boosted its stake in EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after acquiring an additional 772 shares during the last quarter. NewEdge Advisors LLC purchased a new position in EverQuote in the third quarter valued at about $52,000. Tower Research Capital LLC TRC boosted its stake in EverQuote by 271.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock valued at $79,000 after acquiring an additional 2,381 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in EverQuote in the fourth quarter valued at about $84,000. Finally, State of Tennessee Department of Treasury purchased a new position in EverQuote in the second quarter valued at about $153,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EVER shares. Zacks Research downgraded shares of EverQuote from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Raymond James Financial reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of EverQuote in a research report on Tuesday, February 17th. JPMorgan Chase & Co. reduced their price objective on shares of EverQuote from $32.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, February 24th. B. Riley Financial reduced their price objective on shares of EverQuote from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $20.00 price objective on shares of EverQuote in a research report on Tuesday, February 24th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.83.

EverQuote Company Profile

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.