Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is set to feature a collection of high-performance RUF and Porsche-based cars at the 2025 Monterey Jet Center Auction, with the highlight being a 1998 RUF CTR 2 Sport estimated between $3,000,000 and $3,500,000 [1][12] Group 1: RUF CTR 2 Sport Overview - The RUF CTR 2 Sport, unveiled in 1995, is a high-performance vehicle built on the Porsche 993 chassis, featuring a 3.6-liter twin-turbocharged engine producing 580 horsepower and 505 lb-ft of torque, achieving 0-60 mph in 3.6 seconds and a top speed of 217 mph [2][3] - Only 29 units of the CTR 2 were produced, with just 14 being the Sport variant, which is lighter, wider, and more powerful than the standard model [3][4] - The specific car being auctioned was ordered by Frank Beddor and is one of only four CTR 2 examples with all-wheel drive [4] Group 2: Auction Details - The auction will take place on August 13-14, 2025, featuring over 170 collector cars and is expected to attract thousands of collectors and enthusiasts [12] - Broad Arrow's previous Monterey auction in 2024 achieved a total of $71.5 million with an 85% sell-through rate, indicating strong demand in the collector car market [12] Group 3: Additional Offerings - Other notable cars in the auction include a 1991 Porsche 911 Reimagined by Singer DLS, estimated between $2,900,000 and $3,200,000, showcasing modern automotive art and performance [7] - The auction will also feature a 2011 RUF Rt Roadster, estimated between $900,000 and $1,200,000, and a 1987 Porsche 911 RUF Carrera 3.4 "Goldfinger," estimated between $850,000 and $1,100,000, highlighting the diversity and exclusivity of the offerings [19]

Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is set to host The Las Vegas Auction on October 31, 2025, featuring approximately 70 collector cars, marking a significant event in the luxury auction calendar [1][2] - The auction is part of a broader partnership with Concours at Wynn Las Vegas, which will showcase over 250 unique automobiles from October 31 to November 2, 2025 [1][2] - This event is part of Broad Arrow's strategic expansion, with additional auctions planned in Belgium and Switzerland, highlighting the company's growth in both North America and Europe [2][3] Company Overview - Broad Arrow Auctions was founded in 2021 and has quickly established itself as a leading global collector car auction house, known for high-quality vehicles [8] - The company has achieved notable success in North America, with flagship auctions such as the Monterey Jet Center Auction generating $71.5 million in 2024 and the Amelia Auction achieving $61.7 million in 2025, both with high sell-through rates [3] - Broad Arrow has expanded its global footprint, recently launching its first European auction in partnership with BMW AG, achieving €31.2 million in total sales [3][8] Event Details - The Las Vegas Auction will be one of three live auctions conducted by Broad Arrow in October and November, emphasizing the company's commitment to expanding its auction presence [2][3] - The event is expected to attract significant client interest due to Las Vegas's reputation as a luxury destination and its proximity to collector car communities [2] - Initial consignments for the auction will be announced soon, inviting collectors to participate in this high-profile event [4]

Company Overview - Hagerty, Inc. is a leading specialty vehicle insurance provider and automotive enthusiast brand, committed to preserving driving culture for future generations [4] - The company serves over 890,000 members in the Hagerty Drivers Club and operates in the U.S., Canada, and the U.K. [4] Leadership Change - Marc Burns has been appointed as the new Senior Vice President of Brand and Marketing, effective July 14, 2025 [1][2] - Burns brings over 20 years of experience in brand, marketing, and advertising, having previously worked at AT&T, BBDO, and Leo Burnett [3] Strategic Focus - In his new role, Burns will focus on integrating and elevating Hagerty's brand experience across all member touchpoints [2] - The company aims to double its policies in force by 2030, with Burns responsible for unifying brand and member engagement strategies [2] Brand Vision - Burns expressed enthusiasm about joining Hagerty, highlighting the company's strong connection to its community and its clear brand identity [4] - The company is recognized for its deep engagement with car enthusiasts, which is seen as a significant asset for future growth [4]

Core Insights - Motorlux will return on August 13, 2025, to kick off Monterey Car Week, blending car culture, luxury aviation, and elevated hospitality [1] - The event will feature three Michelin-starred chefs and tastings from over 40 acclaimed regional wines, enhancing the culinary experience [1] Event Highlights - The opening night will include a fashion-show-inspired event at the Broad Arrow Monterey Jet Center Auction, providing early access to a premier collector car sale [2] - Motorlux will showcase immersive automotive exhibits with curated food and drink pairings [2] - The auction will feature approximately 150 collector cars, with highlights including a 1962 Shelby 260 Cobra estimated at $1.5M to $2.0M and a 1991 Ferrari F40 estimated at $3.4M to $3.7M [3] Charitable Contributions - Motorlux supports the CHP 11-99 Foundation, aiding California Highway Patrol families in crisis, and benefits the Navy Postgraduate School Foundation [4] Company Background - Motorlux is organized by Hagerty, an automotive enthusiast brand focused on preserving car culture and providing specialty vehicle insurance, car valuation data, and auction services [5][6] - Hagerty operates in the U.S., Canada, and the U.K., serving a community of nearly 890,000 car enthusiasts [6][8] Special Exhibitions - The event will feature displays celebrating Porsche, Ford Mustang's 60th anniversary, a showcase of cars capable of reaching 200 mph, and a tribute to Mercedes-Benz designer Bruno Sacco [7]

Core Viewpoint - Hagerty, Inc. (HGTY) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which are crucial for stock price movements [1][4][6]. Earnings Estimates and Ratings - The Zacks rating system is primarily driven by changes in a company's earnings picture, with the Zacks Consensus Estimate reflecting EPS estimates from sell-side analysts [2][3]. - The recent upgrade for Hagerty signifies an improvement in its earnings outlook, likely leading to increased buying pressure and a rise in stock price [4][6]. Impact of Earnings Estimate Revisions - Changes in future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements, influenced by institutional investors [5][7]. - For Hagerty, a 5.4% increase in the Zacks Consensus Estimate over the past three months suggests a positive trend in earnings expectations [9]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - The upgrade of Hagerty to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10][11].

Core Viewpoint - Broad Arrow Auctions is set to feature two rare Ferrari models at its inaugural Zoute Concours Auction on October 10, 2025, highlighting the growing interest in high-end collector cars [1][10]. Auction Details - The auction will take place in collaboration with Zoute Grand Prix Car Week in Belgium from October 8-12, 2025, at Approach Golf in Knokke-Heist, showcasing 70 exceptional collector cars [2][10]. Featured Cars - The first featured car is a 1967 Ferrari 275 GTB/4, estimated to sell for €2.7 million to €3.2 million, known for its rarity with only six units delivered in the unique Verde Pino color [1][3]. - The second car is a 1970 Ferrari 365 GTB/4 Daytona "Plexi," one of only two finished in Avorio, with its estimate available upon request [1][6]. Provenance and Rarity - The 1967 Ferrari 275 GTB/4 is highly collectible, with only 330 "four-cams" produced, and it has impeccable provenance, having been maintained in world-renowned collections without requiring a full restoration [3][4]. - The 1970 Ferrari 365 GTB/4 Daytona "Plexi" is notable for its Plexiglas design, which was changed due to U.S. legislation, making these models particularly sought after [6][7]. Historical Significance - The 1967 model has matching numbers throughout, including its four-cam V12 engine, and comes with its original leather pouch and Ferrari Classiche certification [4][5]. - The 1970 model was originally owned by Belgian racing driver Baron Hughes "Hugh" de Fierlant and has undergone a full professional restoration, maintaining its original factory specifications [6][7]. Market Interest - The consignment of these rare Ferrari models indicates strong interest in the upcoming auction, with expectations for additional high-profile consignments in the near future [10].

Core Insights - Broad Arrow Auctions will present the 1962 Shelby Cobra, CSX 2003, at the Monterey Jet Center Auction on August 13-14, 2025, highlighting its significance as one of the earliest and most preserved Cobras available for decades [1][2][11] - The auction will also feature modern American automotive legends, including a 2011 Hennessey Venom GT and a collection of limited-edition Dodge Vipers, showcasing a blend of historical and contemporary automotive excellence [1][12] Auction Details - The 1962 Shelby Cobra, CSX 2003, is estimated to sell for between $1,500,000 and $2,000,000, and is presented in its original configuration with its original engine and transmission [11] - The 2011 Hennessey Venom GT is estimated to sell for $350,000 to $450,000, and is one of only 13 units produced, featuring a supercharged 6.2-liter LS9 V8 engine [12][13] Historical Significance - CSX 2003 is one of the only original prototypes known to exist today, completed at Ed Hugus' dealership and played a crucial role in the launch of the Shelby Cobra [2][4][3] - The car has a rich history, including being showcased at the 12 Hours of Sebring in 1963 and having been owned by Richard "Doc" McAdam for 36 years, who maintained its exceptional condition [5][8] Collector Appeal - The auction is expected to attract a wide range of collectors and enthusiasts, with Broad Arrow Auctions having a successful track record, including a previous auction that totaled $71.5 million with an 85% sell-through rate [20] - The American Performance Collection features six high-performance vehicles, representing over 4,000 horsepower, appealing to the next generation of car collectors [15][16]

Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is set to launch The Zürich Auction on November 1, 2025, in partnership with Auto Zürich, featuring approximately 60 exceptional collector cars [1][2][3] Company Overview - Broad Arrow Auctions is a leading global collector car auction house, founded in 2021, and has rapidly expanded its presence in Europe [6] - The company has recently achieved significant success in its European auctions, including a record €31.2 million in sales at the Concorso d'Eleganza Villa d'Este auction [4] Industry Context - Auto Zürich, established in 1987, is recognized as one of the most successful motor shows in Europe, attracting tens of thousands of visitors and showcasing a wide variety of automobile brands [3][7] - The Dolder Grand, a prestigious five-star hotel in Zürich, will host The Zürich Auction, enhancing the event's appeal to collectors and enthusiasts [2][4] Strategic Partnerships - The collaboration between Broad Arrow Auctions and Auto Zürich aims to create a premier collector car auction experience in Europe, capitalizing on Switzerland's strong collector car market [3][4] - The partnership is expected to attract renowned collectors to Zürich, further solidifying the city's reputation in the classic and sports car community [4]

Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is launching a new auction event called the Zoute Concours Auction in collaboration with Zoute Grand Prix Car Week, scheduled for October 10, 2025, in Belgium [1][2][3] - The auction will feature approximately 70 exceptional collector cars, showcasing a variety of categories and price points, enhancing Broad Arrow's presence in the European market [1][2][3] Company Overview - Broad Arrow Auctions was founded in 2021 and has quickly become a leading global collector car auction house, known for its high-quality offerings and rapid growth in the auction segment [5] - The company recently debuted in Europe as the official auction partner for BMW AG at the Concorso d'Eleganza Villa d'Este, achieving €31.2 million in sales with 78% of lots sold [3][5] Event Details - The Zoute Grand Prix Car Week is a prestigious five-day festival that combines exceptional automobiles, art, and luxury lifestyle, attracting collectors and enthusiasts from around the world [2][7] - The Zoute Concours Auction will coincide with the Zoute Concours d'Élégance, further elevating the event's profile and providing a platform for showcasing automotive elegance [2][3][7] Strategic Partnerships - The partnership between Broad Arrow and Zoute Grand Prix aims to enhance the international character of the event and expand both companies' global reach [3][7] - This collaboration is seen as a natural fit, driven by a shared vision of excellence and ambition [3]

Core Insights - Broad Arrow Auctions announces the Zoute Concours Auction scheduled for October 10, 2025, in collaboration with Zoute Grand Prix Car Week, featuring approximately 70 exceptional collector cars [1][2][3] Company Overview - Broad Arrow Auctions is a Hagerty company, recognized as a leading global collector car auction house, founded in 2021 by industry veterans [5] - The company has rapidly expanded its presence in Europe, recently debuting at the Concorso d'Eleganza Villa d'Este as BMW AG's official auction partner [8] Recent Achievements - The inaugural European auction at the Concorso d'Eleganza Villa d'Este achieved €31.2 million in sales, with 78% of lots sold, including a record sale of a 1948 Ferrari 166 Spyder Corsa for €7,543,750 [3][2] Event Details - The Zoute Concours Auction will take place at Approach Golf in Knokke-Heist, coinciding with the prestigious Zoute Concours d'Élégance on October 11-12, 2025 [1][2] - Zoute Grand Prix Car Week is a five-day festival that combines exceptional automobiles, art, and luxury lifestyle, attracting collectors and enthusiasts globally [10][11] Strategic Partnerships - The partnership with Zoute Grand Prix aims to enhance the international character of the event and expand Broad Arrow's global reach [3][10] - The collaboration is seen as a natural fit, driven by a shared vision of excellence and ambition between Broad Arrow and Zoute Grand Prix [3]