Why Is EverQuote (EVER) Up 11.8% Since Last Earnings Report?

Core Insights - EverQuote reported strong Q3 2025 earnings, with operating net income per share of 50 cents, exceeding estimates by 35.1% and showing a 6.1% year-over-year increase [2] - Total revenues reached $174 million, surpassing estimates by 4.6% and reflecting a 20% year-over-year growth [2] Financial Performance - Automotive insurance revenues increased by 21% year-over-year to $157.6 million, outperforming the Zacks Consensus Estimate of $150 million [4] - Home and Renters insurance revenues totaled $16.3 million, a 15% year-over-year increase, slightly below the Zacks Consensus Estimate of $16.7 million [4] - Other insurance revenues fell dramatically by 97.7% year-over-year to $0.01 million, missing the estimate of $0.1 million [5] - Total costs and operating expenses rose by 17.7% to $142.5 million, driven by higher sales and marketing, R&D, and administrative expenses [5] - Adjusted EBITDA was $25.1 million, a 33% year-over-year increase, with an adjusted EBITDA margin of 14.4% [6] Financial Position - Cash and cash equivalents at the end of Q3 were $145.8 million, up 42.7% from the end of 2024 [7] - Total assets increased by 14.6% to $256.1 million, while total stockholders' equity rose by 29.2% to $174.9 million [7] - Cash from operations was $25.3 million, a decline of 16.4% year-over-year [7] Future Guidance - For Q4, EverQuote estimates revenues between $169 million and $174 million, indicating a 20% year-over-year growth at the midpoint [8] - Expected variable marketing dollars are projected to be between $46 million and $48 million, representing a 7% year-over-year growth at the midpoint [8] - Adjusted EBITDA is anticipated to be in the range of $21 million to $23 million, reflecting a 16% year-over-year growth at the midpoint [8] Market Sentiment - Since the earnings release, there has been a 7.61% upward shift in consensus estimates for EverQuote [9] - The company holds a Zacks Rank 1 (Strong Buy), indicating expectations for above-average returns in the coming months [11] Industry Context - EverQuote operates within the Zacks Insurance - Multi line industry, where Markel Group reported revenues of $3.93 billion for the quarter ended September 2025, reflecting a year-over-year change of +6.5% [12] - Markel Group's EPS for the same period was $30.90, compared to $17.34 a year ago, with a projected earnings increase of +18.1% for the current quarter [13]