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Hagerty(HGTY) - 2024 Q2 - Quarterly Results
2024-08-06 11:26
HA For Immediate Release Hagerty Reports Second Quarter 2024 Results 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-over-year to $584.9 million • Second quarter 2024 Written Premium increased 16% year-over-year to $321.2 million, and year-todate 2024 Written Premium increased 18% year-over-year to $539.5 million • Second quarter 2024 Operating Income margin expande ...
Hagerty Reports Second Quarter 2024 Results
Prnewswire· 2024-08-06 11:00
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 ...
Hagerty Announces Former Amazon Executive Sean McMullan as Senior Vice President of Digital Marketplace and Valuation
Prnewswire· 2024-08-01 17:00
TRAVERSE CITY, Mich., Aug. 1, 2024 /PRNewswire/ -- Hagerty, Inc., (NYSE: HGTY) an automotive enthusiast brand and leading specialty vehicle insurance provider, has named Sean McMullan, Amazon veteran and intrapreneur, as its new Senior Vice President of Digital Marketplace and Valuation, effective August 26, 2024. Sean McMullanSean McMullan In this newly created role, McMullan's focus will be driving the profitable growth of Hagerty's Digital Marketplace business - the most trusted platform for members, car ...
Hagerty, Inc. (HGTY) Earnings Expected to Grow: Should You Buy?
ZACKS· 2024-07-30 15:07
The market expects Hagerty, Inc. (HGTY) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be release ...
Retro Motors Collection of 25 Modern Sports Cars Anchors Broad Arrow's Inaugural Auction in Partnership with the Chattanooga Motorcar Festival
Newsfilter· 2024-07-29 16:30
Grosse Point, Michigan, July 29, 2024 (GLOBE NEWSWIRE) -- GROSSE POINTE, Michigan, July 29, 2024 – Broad Arrow Auctions, a Hagerty (NYSE:HGTY) company, is thrilled to announce the consignment of the Retro Motors Collection of 25 collector cars, many offered without reserve, to the upcoming Broad Arrow Auction at the Chattanooga Motorcar Festival. The outstanding collection of most late model US and European sports cars will lead the way as the anchor for Broad Arrow's final U.S.-based auction for the 2024 c ...
Retro Motors Collection of 25 Modern Sports Cars Anchors Broad Arrow's Inaugural Auction in Partnership with the Chattanooga Motorcar Festival
GlobeNewswire News Room· 2024-07-29 16:30
Highlights from the Retro Motors Collection include some of the following: Next on the Broad Arrow Auctions calendar is the Monterey Jet Center Auction being held this August 14-15 alongside Motorlux at the Monterey Jet Center. The company is also pleased to announce a date change for this year's Monterey auction as, for the first time, the Hagerty Motorlux event will serve as the backdrop for a selected offering of approximately 50 cars to be auctioned on Wednesday evening, the 14th, with the auction begin ...
Is Hagerty (HGTY) Outperforming Other Retail-Wholesale Stocks This Year?
ZACKS· 2024-07-29 14:40
For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Hagerty, Inc. (HGTY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. According to our latest data, HGTY has moved about 40.8% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group ...
Broad Arrow Auctions Releases Complete Digital Catalog Highlighting Lineup of 157 Collector Cars for the Upcoming Monterey Jet Center Auction
Newsfilter· 2024-07-25 16:30
Barney Ruprecht, Senior Car Specialist and Head of Auctions for Broad Arrow Auctions states, "It gives me great pleasure to present the digital catalog for our upcoming Monterey Jet Center Auction. I am particularly proud of how our team worked so diligently on behalf of our clients to assemble our finest offering of motor cars at auction to date. From the historic 1913 Mercer 35-J Raceabout to the stunning 1938 Talbot-Lago T150 C Lago Spéciale Teardrop Coupé and the seminal 1997 Porsche 911 GT1 Rennversion ...
Hagerty to Report Second Quarter 2024 Results and Host Conference Call on Tuesday, August 6, 2024
Prnewswire· 2024-07-23 20:15
TRAVERSE CITY, Mich., July 23, 2024 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY), an automotive enthusiast brand and a leading specialty vehicle insurance provider, today announced it will report its second quarter 2024 financial results before the market opens on Tuesday, August 6, 2024. Category: Financial A webcast replay of the call will be available at investor.hagerty.com following the call. Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live ...
Meet Gen-Z, America's Next Generation of Car Collectors
Prnewswire· 2024-07-23 13:00
Driving Is Alive and Well: Seventy-seven percent of Gen Z respondents said they either loved or liked driving, indicating a promising future not only for the auto industry, but also for the collector car community. Craving Classic Ownership: Respondents shared that they have either owned, or currently own a classic enthusiast vehicle, with Gen-Z and Millennials at 32% and 30%, respectively. SUVs Are Tops: SUVs are the most popular type of vehicle among respondents (38%), followed by sedans (26%) and pickup ...