Strength Seen in Hagerty (HGTY): Can Its 5.8% Jump Turn into More Strength?

Company Overview - Hagerty, Inc. (HGTY) shares increased by 5.8% to $8.93 in the last trading session, with a higher-than-average trading volume, contrasting with a 0.4% loss over the past four weeks [1] - The company is focusing on expanding its Insurance, Membership, and Marketplace businesses, which is expected to lead to consistent profit growth in the future [1] Earnings Expectations - Hagerty is projected to report quarterly earnings of $0.03 per share, reflecting a year-over-year increase of 175% [2] - Expected revenues for the upcoming quarter are $264.32 million, representing a 21.1% increase from the same quarter last year [2] Stock Performance and Analysis - The consensus EPS estimate for Hagerty has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [3] - The stock currently holds a Zacks Rank of 2 (Buy), suggesting positive sentiment among analysts [3] Industry Comparison - Hagerty operates within the Zacks Automotive - Retail and Wholesale - Parts industry, where AutoZone (AZO) has seen a 2% decline in its last trading session and a -5.2% return over the past month [3] - AutoZone's consensus EPS estimate has increased by 0.6% over the past month to $35.72, which is a 4.7% change compared to the previous year [4]