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 ...

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 ...

Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is set to feature the Retro Motors Collection of 25 collector cars at the Chattanooga Motorcar Festival on October 12, 2024, marking the final U.S.-based auction for the year [1][7]. Company Overview - Hagerty is a leading automotive enthusiast brand focused on preserving car culture and providing specialty vehicle insurance, valuation data, auction services, and automotive entertainment for over 67 million car enthusiasts in the U.S. [2][4]. - Broad Arrow operates as an advisor and market maker for car collectors, emphasizing integrity and innovation in its auction and sales processes [4]. Auction Details - The Retro Motors Collection includes high-value collector cars, with estimates ranging from $180,000 for a 2021 Nissan GT-R to $650,000 for a 2006 Ford GT Heritage Edition [2]. - The upcoming auction at the Chattanooga Motorcar Festival will feature many cars offered without reserve, appealing to a wide audience of collectors [1][7]. Upcoming Events - Prior to the Chattanooga auction, Broad Arrow Auctions will hold the Monterey Jet Center Auction on August 14-15, 2024, featuring approximately 50 cars [8].

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 ...