Core Viewpoint - U.S. stock markets experienced a significant rally in 2024 following a strong bull run in 2023, but faced a downturn in February 2025, with major indexes declining [1][2]. Market Conditions - Concerns regarding the Trump administration's tariff and trade policies and their potential impact on U.S. economic growth and inflation persist [2]. - Ongoing geopolitical conflicts in the Middle East and other regions contribute to market uncertainty [2]. Stock Performance - Five stocks identified as having strong price momentum include EverQuote Inc. (EVER), Jazz Pharmaceuticals plc (JAZZ), The Progressive Corp. (PGR), Sony Group Corp. (SONY), and NatWest Group plc (NWG) [3][10][12][15][20]. - EverQuote's stock price increased by 33.1% in the past four weeks, with expected revenues between $155 million and $160 million for Q1 2025 [11][12]. - Jazz Pharmaceuticals saw a 15.4% rise in stock price, with an expected earnings growth rate of 10.6% for the current year [14]. - The Progressive Corp. experienced a 14.4% stock price appreciation, with an expected earnings growth of 7.3% [16]. - Sony Group's stock price advanced by 13.8%, with an expected earnings growth rate of 15.6% for the next year [19]. - NatWest Group's stock price gained 13.5%, with an expected earnings growth of 6.8% [21]. Investment Strategy - A screening process is suggested to identify potential winning stocks, focusing on criteria such as percentage change in price over 4 and 12 weeks, Zacks Rank, broker ratings, and price proximity to 52-week highs [6][7][8][9]. - This screening narrowed down the stock selection from over 7,700 to just 15 candidates [9].

Core Insights - EverQuote (EVER) shows a significantly improving earnings outlook, making it a solid choice for investors [1] - Analysts are raising earnings estimates for EverQuote, indicating growing optimism about its earnings prospects [2] Current-Quarter Estimate Revisions - For the current quarter, EverQuote is expected to earn $0.25 per share, reflecting a +400% change from the previous year [4] - The Zacks Consensus Estimate for EverQuote has increased by 53.13% over the last 30 days, with two estimates moving higher and no negative revisions [4] Current-Year Estimate Revisions - For the full year, EverQuote is projected to earn $1 per share, representing a year-over-year change of +13.64% [5] - The consensus estimate for the current year has increased by 24.69%, with four estimates moving higher and no negative revisions [5] Zacks Rank - EverQuote has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which is a reliable indicator for investors [6] - Stocks with Zacks Rank 1 and 2 have historically outperformed the S&P 500 [6] Stock Performance - EverQuote's stock has gained 25.8% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [7]

Core Viewpoint - EverQuote (EVER) has shown a significant price increase of 25.8% over the past four weeks, with a mean price target of $32.67 indicating a potential upside of 26.9% from the current price of $25.74 [1] Price Targets and Analyst Estimates - The mean estimate consists of six short-term price targets with a standard deviation of $4.59, suggesting variability in analyst predictions. The lowest estimate is $25 (2.9% decline), while the highest is $38 (47.6% increase) [2] - A low standard deviation among price targets indicates strong agreement among analysts regarding the stock's price movement direction, which can serve as a starting point for further research [7] Earnings Estimates and Analyst Sentiment - Analysts have shown increasing optimism about EverQuote's earnings prospects, with a notable trend of upward revisions in EPS estimates, correlating strongly with potential stock price increases [9] - Over the last 30 days, four earnings estimates have been revised higher, leading to a 24.7% increase in the Zacks Consensus Estimate [10] - EverQuote holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [11] Caution on Price Targets - While price targets are commonly referenced by investors, they can often mislead, as empirical research shows that they rarely indicate actual stock price movements [5][6] - Investors are advised to treat price targets with skepticism and not base investment decisions solely on them, as this could lead to disappointing returns [8]

Revenue and Income - Total revenue for 2024 was $500.2 million, a 73.7% increase from $287.9 million in 2023, but a 28.8% decrease from $404.1 million in 2022[156]. - Net income for 2024 was $32.2 million, while net losses were $51.3 million in 2023 and $24.4 million in 2022[156]. - Revenue for the year ended December 31, 2024, was $500.2 million, an increase of $212.3 million or 73.7% from $287.9 million in 2023[187]. - The automotive insurance vertical contributed an increase of $218.6 million to revenue, while the home and renters insurance vertical added $11.1 million[187]. - Automotive insurance revenue for 2024 was $446.1 million, representing 89% of total revenue, compared to $227.5 million in 2023[271]. - One customer accounted for 39% of total revenue in 2024, up from 18% in 2023, indicating increased customer concentration risk[263]. - Commission revenue represented less than 10% of total revenue for both 2024 and 2023, and 13% for 2022[268]. Expenses - Total operating expenses for 2024 were $468,439,000, up from $339,896,000 in 2023, primarily driven by increased sales and marketing expenses[248]. - Sales and marketing expenses increased by $147.6 million to $387.7 million in 2024, representing 83.4% of revenue[189]. - Research and development expenses rose to $29.6 million in 2024, an increase of $2.0 million or 7.1% from 2023[191]. - General and administrative expenses increased by $4.0 million to $30.3 million in 2024, accounting for 6.1% of revenue[192]. - Cost of revenue decreased to $20.9 million in 2024, down 6.8% from $22.5 million in 2023, representing 4.2% of revenue[188]. - Advertising expenses for the years ended December 31, 2024, 2023, and 2022 totaled $345.0 million, $187.6 million, and $275.9 million, respectively, indicating a significant increase in 2024 compared to 2023[289]. Cash Flow and Assets - Cash and cash equivalents as of December 31, 2024, were $102.1 million, with an additional $25.0 million available under the revolving line of credit[200]. - Net cash provided by operating activities was $66.6 million in 2024, compared to a cash used of $2.8 million in 2023[205]. - Current assets increased significantly to $171.78 million in 2024 from $69.24 million in 2023, with cash and cash equivalents rising to $102.12 million[246]. - Total assets grew to $210.53 million in 2024, up from $110.93 million in 2023[246]. - The company maintained no outstanding borrowings under its credit facility as of December 31, 2024, indicating no material exposure to interest rate fluctuations[227]. Stock and Equity - Stockholders' equity increased to $135.37 million in 2024, compared to $80.91 million in 2023[246]. - The weighted average common shares outstanding for 2024 were 35,007,000, an increase from 33,350,000 in 2023[248]. - The Company granted 1,302,166 restricted stock units (RSUs) in 2024, with a grant-date fair value of $18.24 per share[329]. - The unvested balance of RSUs as of December 31, 2024, was 2,079,245 shares, with a weighted average grant-date fair value of $15.17[329]. Tax and Deferred Assets - The effective income tax rate for 2024 was 5.4%, compared to (1.1)% in 2023, influenced by a full valuation allowance against net deferred tax assets[333]. - The valuation allowance for deferred tax assets decreased to $48,508,000 in 2024 from $53,948,000 in 2023, primarily due to the use of net operating loss carryforwards[338]. - As of December 31, 2024, the Company had federal net operating loss carryforwards of $70.1 million and state net operating loss carryforwards of $82.5 million[333]. Company Strategy and Operations - The company exited the health insurance vertical in 2023 to focus on core areas and implemented a workforce reduction plan to improve efficiency[155]. - The company plans to increase consumer traffic by leveraging platform features and data assets, while managing advertising spend based on profitability[158]. - The Company operates as a single segment, generating revenue principally from referral fees in its online marketplace for auto and home insurance quotes[286]. Legal and Compliance - The company is currently involved in a civil action regarding alleged breaches of the Equity Purchase Agreement related to its acquisition of certain entities, with unspecified damages sought[351]. - The company has not incurred any material costs from indemnification agreements through December 31, 2024, and does not believe any claims will materially affect its financial position[349].

Core Insights - EverQuote (EVER) reported a fourth-quarter 2024 operating net income per share of 33 cents, exceeding the Zacks Consensus Estimate by 83.3% and rebounding from a loss of 19 cents per share in the prior year [1][2] Financial Performance - Total revenues reached $147.5 million, surpassing the Zacks Consensus Estimate by 10% and increasing 164.8% year over year [4] - Revenues in the Automotive insurance vertical surged 200% year over year to $135 million, exceeding the Zacks Consensus Estimate of $121 million [3] - Home and Renters insurance revenues totaled $11.3 million, a 15% increase year over year, but fell short of the Zacks Consensus Estimate of $13.5 million [3] - Revenues in the Other insurance vertical plummeted 74.7% year over year to $0.2 million [3] - Total costs and operating expenses rose 116.7% to $135.4 million, driven by increased sales and marketing, research and development, and general and administrative expenses [4] - Adjusted EBITDA was $18.9 million, a significant improvement from an adjusted EBITDA loss of $0.9 million in the previous year [5] Cash and Assets - EverQuote ended 2024 with cash and cash equivalents of $102.1 million, a 169% increase from the end of 2023 [6] - Total assets grew by 89.9% to $180.5 million, while total stockholders' equity increased 67.3% to $135.4 million [6] - Cash from operations was $66.6 million in 2024, compared to a cash outflow of $2.8 million in the prior year [6] Future Guidance - For Q1 2025, EverQuote estimates revenues between $155 million and $160 million, with a variable marketing margin of $44 million to $46 million, and adjusted EBITDA expected to be between $19 million and $21 million [7]

Core Insights - EverQuote, Inc. is a leading online insurance marketplace that connects consumers with insurance providers, including carriers and agents [2] - The company aims to be the leading growth partner for property and casualty (P&C) insurance providers, leveraging its proprietary data and technology platform [2] Event Announcement - EverQuote will present and host one-on-one investor meetings at the Raymond James Annual Institutional Investors Conference on March 4th, 2025, at 4:35 p.m. ET in Orlando, FL [1] - The conference will feature live audio webcasts and archived replays available on EverQuote's investor relations website [1] Company Information - EverQuote operates a results-driven marketplace that enhances the way insurance providers attract and connect with consumers [2] - For further information, stakeholders can visit EverQuote's investor relations website or follow the company on LinkedIn [3]

Core Insights - EverQuote reported a revenue of $147.46 million for the quarter ended December 2024, marking a significant increase of 164.7% year-over-year [1] - The company's EPS was $0.33, a turnaround from -$0.19 in the same quarter last year, indicating strong earnings growth [1] - The reported revenue exceeded the Zacks Consensus Estimate of $134.06 million by 10%, and the EPS surpassed the consensus estimate of $0.18 by 83.33% [1] Performance Metrics - EverQuote's Variable Marketing Margin was $44.02 million, exceeding the average estimate of $39.21 million from six analysts [4] - The Variable Marketing Margin as a percentage of revenue was 29.9%, slightly above the five-analyst average estimate of 29.2% [4] - Automotive revenue reached $135.93 million, significantly higher than the four-analyst average estimate of $120.95 million, reflecting a year-over-year increase of 202.2% [4] - Home and Renters revenue was reported at $11.30 million, which was below the three-analyst average estimate of $13.52 million, but still represented a year-over-year increase of 15% [4] - Other revenue was $0.23 million, falling short of the estimated $0.39 million from two analysts, and showed a substantial decline of 74.8% compared to the previous year [4] Stock Performance - Over the past month, EverQuote's shares have returned +18.2%, contrasting with a -0.5% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), suggesting potential for outperformance in the near term [3]

Investor Presentation February 2025 Disclaimer This presentation contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this presentation, including statements regarding our future results of operations and financial position, business strategy and plans, and objectives of management for future operations, are forw ...

Financial Data and Key Metrics Changes - In 2024, EverQuote achieved a revenue growth of 74%, surpassing $500 million for the first time, and adjusted EBITDA reached nearly $60 million [11][30] - The company reported record net income of $12.3 million in Q4 2024, with full-year net income increasing to $32.2 million, compared to a loss of $51.3 million in 2023 [30] - Adjusted EBITDA for the full year increased to $58.2 million, compared to $500,000 in 2023, with adjusted EBITDA as a percentage of revenues remaining at approximately 13% [30][31] Business Line Data and Key Metrics Changes - Revenue from the auto insurance vertical in Q4 was $135.9 million, up over 200% year-over-year, with full-year revenue growing 96% to $446 million [27] - The agency operations segment grew 65% year-over-year in Q4 [27] - Revenue from the home and renters' insurance vertical was $11.3 million in Q4, up 15% year-over-year, with full-year revenue reaching $52 million, a 27% increase [27] Market Data and Key Metrics Changes - The auto insurance market has seen a recovery, with many carriers restoring campaigns and achieving underwriting profitability [17][70] - The homeowners' insurance market is also beginning to recover, indicating growing carrier demand [18][70] - The regulatory landscape has shifted positively for the company, as the one-to-one consent requirement was vacated, allowing for more flexibility in operations [19][66] Company Strategy and Development Direction - EverQuote aims to become the number one growth partner to P&C insurance providers by delivering better-performing referrals, larger traffic scale, and a broader suite of products and services [20][22] - The company plans to invest in technology and data assets to enhance operational efficiencies and build a competitive moat [36][37] - There is a focus on expanding into non-auto verticals and developing deeper relationships with local agents [102][104] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to leverage traffic expertise and technology to support insurance providers in growing their businesses [38] - The outlook for the auto insurance industry remains positive, with expectations of continued growth in digital advertising spend [33] - Management anticipates a normalization of revenue growth rates after a strong Q1, aligning with the overall market trends [34][95] Other Important Information - The company ended 2024 with over $100 million in cash and no debt, indicating a strong balance sheet [11][31] - Cash operating expenses remained stable at $25.1 million in Q4, with expectations for a slight increase in the back half of 2025 due to investments in technology [31][144] Q&A Session Summary Question: Guidance and Market Growth - The management discussed expectations for revenue growth to normalize after a strong Q1, with a focus on long-term growth rates [41][95] Question: Traffic Operations and Investments - Management highlighted improvements in traffic bidding platforms and operational rigor as key factors driving success in traffic operations [49][51] Question: One-to-One Consent Changes - The rationale for maintaining some one-to-one consent changes was to enhance lead quality and improve consumer experience [58][61] Question: Feedback from Carriers - Management noted that most carriers are focused on growth and have returned to healthy underwriting profitability [70][71] Question: Capital Allocation and M&A - The company is considering organic investments, potential acquisitions, and shareholder value enhancement strategies, including buybacks [80][86] Question: Free Cash Flow Outlook - Adjusted EBITDA is expected to be a good proxy for operating cash flow, with minor fluctuations anticipated [138] Question: Impact of FCC Rule Change on Expenses - Cash operating expenses are expected to remain stable, with slight increases anticipated as investments in technology ramp up [144]

EverQuote, Inc. (NASDAQ:EVER) Q4 2024 Earnings Conference Call February 24, 2025 4:30 PM ET Company Participants Brinlea Johnson - The Blueshirt Group, IR Jayme Mendal - Chief Executive Officer Joseph Sanborn - Chief Financial Officer Conference Call Participants Michael Graham - Canaccord Genuity Cory Carpenter - JPMorgan Zachary Cummins - B. Riley Mayank Tandon - Needham & Company Jed Kelly - Oppenheimer Ralph Schackart - William Blair Jason Kreyer - Craig Hallum Mitch Rubin - Raymond James Operator Ladie ...