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Hagerty to Report Fourth Quarter 2025 Results and Host Conference Call on Thursday, February 26, 2026
Prnewswire· 2026-02-12 21:15
Group 1 - Hagerty, Inc. will report its fourth quarter 2025 financial results on February 26, 2026, before the market opens [1] - A conference call to discuss the financial results will be held at 10:00 am Eastern Time on the same day, with a live webcast available on the investor relations website [1] - The company protects 2.7 million vehicles across the United States, Canada, and the UK, focusing on enhancing the experience for driving enthusiasts [1] Group 2 - Hagerty offers innovative insurance products, live and digital auctions, and engaging media and events to support car enthusiasts [1] - The Hagerty Drivers Club is noted as the world's largest community of car lovers [1]
Hagerty Channel Debuts on Prime Video
Prnewswire· 2026-02-09 22:00
Core Insights - Hagerty, Inc. has launched an automotive enthusiast free ad-supported channel on Prime Video, making its content accessible on thousands of devices [1][2] - The channel features 24/7 programming with hundreds of hours of original content, including new episodes released weekly [2] - Hagerty's video content has garnered over 785 million views and is also available on its website and YouTube channel [3][4] Company Overview - Hagerty protects 2.7 million vehicles across the United States, Canada, and the UK, focusing on enhancing the driving experience for automotive enthusiasts through various services [4] - The company offers innovative insurance products, live and digital auctions, engaging media, events, and operates the Hagerty Drivers Club, the largest community of car lovers [4] Programming Highlights - The channel includes popular shows such as "ICONS," "Revelations," "Cammisa's Ultimate Drag Race Replay," "Barn Find Hunter," "Capturing Car Culture with Larry Chen," "The Driver's Seat with Henry Catchpole," and "Driveway Finds," each showcasing different aspects of automotive culture and history [5]
Hagerty Elevates Marc Burns to CMO and Appoints Matt Teshera as SVP of Marketing
Prnewswire· 2026-02-09 20:56
Core Insights - Hagerty, Inc. has promoted Marc Burns to Chief Marketing Officer and appointed Matt Teshera as Senior Vice President of Marketing to enhance member relationships and brand awareness [1][2][4] Group 1: Leadership Changes - Marc Burns will focus on growing new and deepening existing member relationships, building brand awareness, and delivering integrated membership experiences [2][4] - Matt Teshera, in his new role, will oversee marketing strategy, membership insights, and high-impact marketing execution, aiming to evolve membership into a bespoke, tiered experience [3][4] Group 2: Executive Background - Matt Teshera previously served as Vice President of Consumer Acquisition and Growth at AT&T, with extensive experience in integrated marketing strategy and execution [4][5] - Teshera holds an MBA in Marketing and Management from California State University, Long Beach, and emphasizes the opportunity to integrate marketing and membership ecosystems to enhance member value [5] Group 3: Company Overview - Hagerty protects 2.7 million vehicles across the United States, Canada, and the UK, focusing on making driving enjoyable for enthusiasts through innovative insurance products and community engagement [5]
BROAD ARROW BRINGS THE ULTIMATE MILLENNIUM-ERA GARAGE LINEUP TO THE 2026 AMELIA AUCTION DURING THE AMELIA CONCOURS
Globenewswire· 2026-02-09 18:57
Core Insights - Broad Arrow Auctions is set to host its Amelia Auction on March 6-7, 2026, featuring over 150 performance cars from the 1990s and 2000s, making it a significant event for collectors and enthusiasts [1][2]. Auction Highlights - The auction will showcase a 1996 Nissan NISMO 400R, estimated between $900,000 and $1,100,000, which gained popularity through the Gran Turismo video game series and is considered a cultural icon [2][3]. - Another highlight is the 2006 Mercedes-Benz CLK DTM AMG Cabriolet, estimated at $550,000 to $650,000, known for its performance and limited production of only 80 units [5][6]. - Additional notable cars include a 1993 Jaguar XJ220, a 1997 Mercedes-Benz SL 70 AMG, a 1997 Porsche 911 Carrera 4S, and a 2001 RUF RGT, each with unique features and historical significance [1][11][22]. Vehicle Specifications - The Nissan NISMO 400R features a 2.8-liter twin-turbocharged inline-six engine, producing 400 horsepower, capable of accelerating from 0 to 60 mph in four seconds, and has a top speed of 186 mph [3][4]. - The CLK DTM AMG Cabriolet is powered by a 5.4-liter supercharged V8 engine, generating 582 horsepower and 590 lb-ft of torque, achieving 0 to 62 mph in four seconds [5][6]. - The 1993 Jaguar XJ220 was the world's fastest production car at its debut, with only 281 units produced, showcasing advanced engineering and design [22]. Market Position - Broad Arrow Auctions, driven by Hagerty, is recognized as a leading global collector car auction house, focusing on connecting exceptional collector cars with enthusiasts worldwide [14]. - The auction aims to cater to a diverse range of collectors, emphasizing cars that have made a significant cultural impact during the Y2K era [10].
Beacon College President George J. Hagerty Announces Plans to Retire in June 2027
Globenewswire· 2026-02-05 19:47
Core Insights - Dr. George J. Hagerty will retire at the end of the 2026–27 academic year after a transformative 13-year tenure at Beacon College, marked by record enrollment and significant campus improvements [1][2] - Under Hagerty's leadership since 2013, Beacon College has achieved record enrollment, modernized its campus, and enhanced its academic programs, solidifying its reputation as a leading institution for students with learning differences [2][3] - The college has maintained a strong financial position with modest debt, supported by strategic stewardship and robust philanthropic contributions [2] Institutional Achievements - During Hagerty's tenure, Beacon College completed multiple campus renewal projects, expanded residential and academic facilities, and strengthened student life programming [3] - The college has secured major gifts that have fueled growth and long-term sustainability [3] - Beacon College has been recognized for its commitment to accommodating students with learning differences, being named to the inaugural Forbes Accessibility 100 list [8] Recognition and Future Outlook - The college has received national and regional acclaim, including top 25 rankings in U.S. News & World Report's Regional Colleges (South) for the last four years [9] - It has also been recognized as the No. 1 institution in Peterson's Guide "20 Great Colleges for Students with Learning Disabilities" and Best Value Schools' "The 20 Best Value Colleges for Learning Disabilities" [9] - The Board of Trustees will initiate a national search for Hagerty's successor, ensuring the institution's mission-driven focus continues [4][5]
BROAD ARROW CELEBRATES SUCCESS OF ITS GLOBAL ICONS: ONLINE AUCTION SERIES
Globenewswire· 2026-02-03 08:30
Core Insights - The inaugural Broad Arrow Global Icons online auction series achieved total sales of €18.3 million with a sell-through rate of 90 percent, attracting nearly 800 registered bidders from 35 countries [1][3][14] - The highlight of the auction was the sale of Michael Schumacher's 1992 Benetton B192 Formula One car for €5.082 million, marking its first public sale [2][8] - Other notable sales included a 1971 Lamborghini Miura P400 S for €1.716 million and a 2003 Ferrari 360 Challenge Stradale, which set a European auction record for the model at €561,000 [5][6][21] Auction Performance - The auction series consisted of three parts: Global Icons: Europe Online, Global Icons: UK Online, and Global Icons: Memorabilia Online, with the latter featuring over 100 exclusive items [1][11] - The online platform facilitated global participation, allowing collectors to bid on iconic cars and memorabilia from prestigious locations [3][14] - The auction series is seen as a successful start to the 2026 European collector car auction calendar, with future events planned [14][18] Notable Sales - The 2003 Ferrari 360 Challenge Stradale achieved a sale price of €561,000, exceeding its upper estimate [3] - A 1964 ASA 1000 GT Berlinetta sold for €79,750, while a 1990 Ferrari Mondial t Cabriolet sold for €99,000, exceeding its high auction estimate by 52 percent [4][6] - The memorabilia auction featured a replica of Ayrton Senna's 1988 McLaren helmet, which sold for €55,625, and a rear wheel from Senna's 1990 McLaren, which sold for €33,750 [11][12]
Why Hagerty (HGTY) is Poised to Beat Earnings Estimates Again
ZACKS· 2026-02-02 18:11
Core Insights - Hagerty, Inc. (HGTY) has a strong track record of beating earnings estimates, with an average surprise of 31.31% over the last two quarters [1][2] Earnings Performance - For the last reported quarter, Hagerty achieved earnings of $0.13 per share, exceeding the Zacks Consensus Estimate of $0.09 per share, resulting in a surprise of 44.44% [2] - In the previous quarter, the company was expected to report earnings of $0.11 per share but delivered $0.13 per share, leading to a surprise of 18.18% [2] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Hagerty, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5] - The current Earnings ESP for Hagerty is +14.29%, suggesting that analysts are optimistic about the company's earnings prospects [8] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) indicates a high probability of another earnings beat [8] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7]
Hagerty Executive Sells 50k Shares Through His Company
The Motley Fool· 2026-02-02 08:18
Core Insights - Kenneth Ahn, President of Hagerty Marketplace, sold 50,000 shares of Hagerty, Inc. for approximately $620,500, which was part of a pre-planned trading strategy [1][6] - The company reported a record net income of $20.85 million in Q3 2025, marking a 327% year-over-year increase [7] - Hagerty's stock price increased by approximately 38% in 2025, indicating strong market performance [10] Transaction Summary - The transaction involved the sale of 50,000 shares at a value of $620,500, with a post-transaction direct ownership of 113,593 shares valued at $1.42 million [2] - The sale was executed under a Rule 10b5-1 trading plan, indicating it was pre-scheduled and not a discretionary decision [6] Company Overview - Hagerty is a specialty insurance and automotive lifestyle company, generating revenue primarily through insurance premiums, subscriptions, event fees, and ancillary services [5] - The company reported a total revenue of $1.36 billion and a net income of $33.32 million for the trailing twelve months [4] Unique Business Model - Hagerty differentiates itself from typical insurance companies by offering unique insurance policies for luxury vehicles and providing a subscription service, Hagerty Drivers Club, which includes various member benefits [8] Ownership Impact - The sale of shares eliminated all of Ahn's indirect equity exposure in Hagerty while maintaining his direct holdings [9] - The shares sold were previously held as Released Units of The Hagerty Group, LLC, which were converted into Class A Common Stock [9]
The Amelia Concours-Winning 1938 Alfa Romeo 8C Earns The Peninsula Classics Best of the Best Award 2025
Prnewswire· 2026-01-27 18:48
Core Insights - The Peninsula Classics Best of the Best Award recognizes significant automobiles and their stewards, with the 2025 award announced at a private ceremony in The Peninsula Paris [1] Group 1: Award Details - The 2025 award was given to the 1938 Alfa Romeo 8C 2900B, which is noted as the pinnacle of prewar performance engineering and the fastest Italian automobile of its era [3] - The award ceremony highlighted the importance of performance, design, and craftsmanship in automobiles, as emphasized by McKeel Hagerty, CEO and Chairman of Hagerty [3] Group 2: Event Information - The Amelia Concours will take place from March 5–8, 2026, featuring various events including Concours d'Elegance, RADwood, and a Broad Arrow Auction [3][5] - The Amelia Concours has donated over $4 million to charitable organizations since its inception in 1996, showcasing its commitment to philanthropy [5] Group 3: Company Background - Hagerty, Inc. protects 2.7 million vehicles across the United States, Canada, and the UK, providing innovative insurance products and engaging events for car enthusiasts [6]
MICHAEL SCHUMACHER’S FIRST F1 GRAND PRIX-WINNING 1992 BENETTON B192-05 TO STAR IN BROAD ARROW’S GLOBAL ICONS: EUROPE ONLINE AUCTION
Globenewswire· 2026-01-08 09:30
Core Insights - The 1992 Benetton B192-05, driven by Michael Schumacher to his first Grand Prix victory, is being offered for public sale for the first time as part of Broad Arrow's Global Icons: Europe Online auction from January 23-30, 2026 [1][3][10] - This car is significant as it is the last race-winning Formula One car to utilize a manual gearbox, marking a pivotal moment in the sport's history [2][4] Auction Details - The auction will feature the Benetton B192-05, which is expected to fetch over €8,500,000 [5] - Alongside the car, the auction will also include various memorabilia related to Michael Schumacher, such as a signed helmet and overalls, with estimates ranging from €2,000 to €30,000 [6][10] Historical Significance - The B192-05 is recognized as one of the most iconic Formula One cars, symbolizing the beginning of Schumacher's record-setting career, which includes seven World Drivers' Championship titles and 91 victories [4][10] - The car's victory at the 1992 Belgian Grand Prix was achieved under challenging conditions, showcasing Schumacher's talent and the engineering excellence of the vehicle [3][4] Ownership and Restoration - After its racing career, the car was retained by Renault and later sold to LRS Formula, where it underwent a complete restoration, including a chassis overhaul and engine rebuild [5] - The current owner, a known racer of modern F1 machinery, acquired the car in 2016 [5] Auction House Background - Broad Arrow Auctions, a Hagerty company, is a leading global collector car auction house, known for its high-quality offerings and rapid growth in the auction segment [11]