Core Insights - Broad Arrow Auctions has partnered with BMW AG to become the official auction partner of the Concorso d'Eleganza Villa d'Este, starting in May 2025 [1][3] - The Concorso d'Eleganza Villa d'Este is one of the oldest and most prestigious concours events, founded in 1929, and will feature Broad Arrow's auction on May 24, 2025 [2] - This partnership marks Broad Arrow's debut in overseas live auctions, following successful sales in North America, indicating the company's rapid growth in the collector car auction market [3][4] Company Overview - Broad Arrow Auctions is a subsidiary of Hagerty, which has established itself as a leader in the collector car auction industry within a short span of three years [4] - The company aims to enhance its presence in Europe and better serve high net worth clients and automotive enthusiasts [4] Event Details - The auction will take place at Villa Erba, with up to 70 high-quality collector cars expected to be offered for sale [1][2] - The event will include a public parade of Historic Cars on Sunday, following the limited ticketed events on Saturday [2] Strategic Importance - The partnership with BMW is seen as a significant endorsement of Broad Arrow's capabilities and reputation in the auction space [3] - The collaboration is expected to create a highlight for visitors and elevate the overall experience of the Concorso d'Eleganza Villa d'Este [3]

Core Points - Hélio Castroneves has been named the honoree for The Amelia 2025, continuing the event's tradition as "the racer's concours" [1][2] - The Amelia will celebrate its 30th anniversary in 2025, featuring a variety of events including seminars, films, auctions, and the renowned Concours d'Elegance [5][8] - The Concours d'Elegance will showcase nearly 300 cars across 30 classes, highlighting significant automotive history and achievements [6][7] Group 1: Hélio Castroneves' Achievements - Castroneves is a four-time Indianapolis 500 winner, with victories in 2001, 2002, 2009, and 2021 [1][2] - He won the 2020 IMSA championship with Acura Team Penske, achieving 4 victories and 4 pole positions [1][3] - Castroneves is also a minority partner and co-owner of Meyer Shank Racing, demonstrating his commitment to the sport beyond driving [3] Group 2: The Amelia Event Details - The Amelia will take place from March 6-9, 2025, at The Ritz-Carlton, Amelia Island [7][8] - The event will include luxury shopping, new vehicle reveals, and exclusive gatherings, alongside the main Concours d'Elegance [8] - Since its inception in 1996, The Amelia has donated over $4 million to charitable organizations, highlighting its commitment to philanthropy [8]

Company Performance - Hagerty, Inc. (HGTY) reported quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.08 per share, representing an earnings surprise of -37.50% [1] - The company posted revenues of $323.37 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.67%, compared to year-ago revenues of $275.57 million [2] - Over the last four quarters, Hagerty has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Movement and Outlook - Hagerty shares have increased approximately 53.2% since the beginning of the year, outperforming the S&P 500's gain of 24.3% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for future stock performance [4] - The current consensus EPS estimate for the coming quarter is $0.01 on revenues of $279.42 million, and $0.26 on revenues of $1.18 billion for the current fiscal year [7] Industry Context - The Automotive - Retail and Wholesale - Parts industry, to which Hagerty belongs, is currently ranked in the bottom 17% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Hagerty's stock performance [5][6]

Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Hagerty, Inc. (HGTY) one of those stocks right now? Let's take a closer look at the stock's yearto-date performance to find out. Hagerty, Inc. is a member of our Retail-Wholesale group, which includes 209 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks ...

Premier event featured Broad Arrow Auction which generated $71.5M during two-day sale TRAVERSE CITY, Mich., Aug. 20, 2024 /PRNewswire/ -- Motorlux, a Hagerty event, once again served as the iconic party that sets the stage for Monterey Car Week at the Monterey Jet Center on Wednesday, August 14, 2024. The luxury event represented the best-of-the-best including 225 enthusiast vehicles and 14 aircraft, all surrounded by the finest culinary creations and cocktails served by 25 local chefs. Motorlux 2024Motorlu ...

The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Hagerty, Inc. (HGTY) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. Hagerty, Inc. is a member of the Retail-Wholesale sector. This group includes 209 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank ...

TRAVERSE CITY, Mich., Aug. 7, 2024 /PRNewswire/ -- Motorlux will celebrate the start of Monterey Car Week at the Monterey Jet Center on Wednesday, August 14, 2024, alongside Broad Arrow Auctions for the first day of their two-day auction. Among the cars on display will be classic road cars like the Lamborghini Miura, modern supercars like the Bugatti Chiron and racing greats like the Lancia Stratos. The best regional wines will also be served alongside culinary offerings from 25 world-class chefs. Motorlux ...

HAGERTY. Q2 // 2024 Investor Presentation SPEAKERS: McKeel Hagerty | Chief Executive Officer and Chairman Patrick McClymont | Chief Financial Officer FORWARD LOOKING STATEMENTS / NON-GAAP FINANCIAL MEASURES This presentation contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. These forward-looking statements reflect our current expectations ...

Company Performance - Hagerty, Inc. (HGTY) reported quarterly earnings of $0.12 per share, exceeding the Zacks Consensus Estimate of $0.09 per share, and up from $0.05 per share a year ago, representing an earnings surprise of 33.33% [1] - The company posted revenues of $313.23 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.19%, compared to year-ago revenues of $261.24 million [2] - Over the last four quarters, Hagerty has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - Hagerty shares have increased approximately 35.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 8.7% [3] - The current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $317.47 million, and for the current fiscal year, it is $0.23 on revenues of $1.18 billion [7] Industry Outlook - The Automotive - Retail and Wholesale - Parts industry, to which Hagerty belongs, is currently ranked in the bottom 20% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Hagerty's stock may be influenced by the overall outlook for the industry, as research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8]

Increases 2024 Outlook for Revenue and Profit Growth Second quarter 2024 Total Revenue increased 20% year-over-year to $313.2 million, and year-to-date 2024 Total Revenue increased 22% year-overyear to $584.9 million Second quarter 2024 Written Premium increased 16% year-over-year to $321.2 million, and year-to-date 2024 Written Premium increased 18% yearover-year to $539.5 million Second quarter 2024 Operating Income margin expanded by 560 bps compared to the prior year period, and year-to-date 2024 Operat ...