Key Takeaways EverQuote's Q4 EPS soared 366.7% YoY to $1.54, crushing estimates by 340%.EVER's Automotive and Home segments drove 32% revenue growth in Q4.EverQuote reported 38.5% full-year revenue growth and issued solid Q1 2026 guidance.EverQuote, Inc. (EVER) reported fourth-quarter 2025 operating net income per share of $1.54, significantly exceeding the Zacks Consensus Estimate by 340%. The bottom line increased 366.7% from the prior-year period’s level.Total revenues rose 32.5% year over year to $195.3 ...

Investor Presentation February 2026 Disclaimer This presentation contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this presentation, including statements regarding our future results of operations and financial position, business strategy and plans, and objectives of management for future operations, are forw ...

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]

Core Viewpoint - Progressive's stock is down 25% from its peak, presenting a buying opportunity due to its strong market position and profitability in the auto insurance industry [1][3][16] Group 1: Company Overview - Progressive is the second-largest auto insurer in the U.S. with a 15% market share, trailing only State Farm [6] - The company primarily operates in the automotive insurance sector, which has consistent demand due to legal requirements for coverage [5] - Progressive's current market capitalization is $132 billion, with a stock price of $225.18 [4] Group 2: Competitive Position - The auto insurance industry is highly competitive, and Progressive's scale allows it to negotiate better costs and acquire customers more efficiently [6] - The company has demonstrated superior profitability, generating approximately $8 in underwriting for every $100 in premiums earned, which is notable in a competitive market [9] Group 3: Economic Resilience - Progressive serves as a hedge against inflation, with the ability to increase premiums in response to rising costs, while also benefiting from higher bond yields that enhance investment income [15] - The company is well-positioned to thrive in a growing economy, making it an attractive long-term investment [16]

Core Viewpoint - Progressive is identified as a compelling investment opportunity due to its strong market position, proven track record, and current stock price being significantly lower than its all-time high, despite recent downturns [2][10][16] Company Overview - Progressive is a leading automotive insurer in the U.S. with a 15% market share, second only to State Farm at 18% [5] - The company has a market capitalization of $127 billion and is currently trading at $217.27 [4] Financial Performance - Progressive's stock has dropped 30% from its all-time high, presenting a potential buying opportunity [2] - The company has maintained a strong underwriting record with a combined ratio averaging 92% over the past 20 years, indicating effective risk management [7][8] - For the first three quarters of the year, Progressive reported an excellent combined ratio of 87.3%, despite a recent increase to 100% in September due to policyholder refunds [11] Market Conditions - The insurance industry is cyclical, experiencing "soft" and "hard" market periods, which affects pricing and competition [12][13] - Current evidence suggests a softer pricing environment, which may impact Progressive's growth in the near term [14] Investment Thesis - Progressive is currently priced at 15 times next year's projected earnings, making it cheaper than it has been in almost two years, suggesting a strong buying opportunity [16] - The company's ability to leverage technology for superior underwriting and risk assessment positions it well for long-term success [6]

Core Insights - EverQuote (EVER) reported a third-quarter 2025 operating net income per share of 50 cents, exceeding the Zacks Consensus Estimate by 35.1%, with a year-over-year increase of 6.1% [1][8] - Total revenues reached $174 million, surpassing the Zacks Consensus Estimate by 4.6%, and reflecting a 20% year-over-year growth [1][8] Revenue Breakdown - Revenues from the Automotive insurance vertical increased by 21% year over year to $157.6 million, exceeding the Zacks Consensus Estimate of $150 million [3] - Home and Renters insurance revenues totaled $16.3 million, marking a 15% year-over-year increase, slightly below the Zacks Consensus Estimate of $16.7 million [3] - Revenues in the Other insurance vertical fell dramatically by 97.7% year over year to $0.01 million, missing the Zacks Consensus Estimate of $0.1 million [4] Expense and Profitability Analysis - Total costs and operating expenses rose by 17.7% to $142.5 million, driven by increased sales and marketing, research and development, and general and administrative expenses [4] - Adjusted EBITDA was reported at $25.1 million, a 33% year-over-year increase, with an adjusted EBITDA margin expanding to 14.4% [5][8] Financial Position - EverQuote ended the third quarter with cash and cash equivalents of $145.8 million, a 42.7% increase from the end of 2024 [6] - Total assets grew by 14.6% to $256.1 million, while total stockholders' equity increased by 29.2% to $174.9 million [6] Future Guidance - For the fourth quarter, EverQuote estimates revenues between $169 million and $174 million, indicating a 20% year-over-year growth at the midpoint [7] - The company expects variable marketing dollars to be in the range of $46 million to $48 million, representing a 7% year-over-year growth at the midpoint [7] - Adjusted EBITDA is projected to be between $21 million and $23 million, reflecting a 16% year-over-year growth at the midpoint [7]

Core Insights - EverQuote (EVER) reported a first-quarter 2025 operating net income per share of 38 cents, exceeding the Zacks Consensus Estimate by 17.8% and showing a year-over-year increase of over sevenfold [1] - The first quarter marked the fourth consecutive quarter of record revenue and adjusted EBITDA performance, with improvements across all verticals [1] Revenue Performance - Revenues in the Automotive insurance vertical surged 97% year over year to $152.7 million, surpassing both the Zacks Consensus Estimate of $143 million and the internal estimate of $142.2 million [2] - Home and Renters insurance vertical revenues totaled $13.9 million, reflecting a 10% year-over-year increase, but fell short of the Zacks Consensus Estimate of $15.3 million [2] - Revenues in the Other insurance vertical plummeted 98.4% year over year to $13 million, significantly missing the Zacks Consensus Estimate of $24 million [3] - Total revenues reached $166.6 million, exceeding the Zacks Consensus Estimate by 5.4% and representing an 83% year-over-year increase [3] Cost and Margin Analysis - Total costs and operating expenses rose 77.6% to $158.6 million, driven by increased sales and marketing, cost of revenues, research and development, and general and administrative expenses [4] - EverQuote's variable marketing margin increased 52.3% year over year to $46.9 million, slightly above the Zacks Consensus Estimate of $45.4 million [4] - Adjusted EBITDA for the quarter was $22.5 million, marking a 196% year-over-year increase [5] Financial Position - At the end of the first quarter of 2025, EverQuote had cash and cash equivalents of $125 million, a 22% increase from the end of 2024 [6] - Total assets grew to $232.1 million, up 10.3% from the end of 2024, while total stockholders' equity increased 10.4% to $149.5 million [6] - Cash from operations was reported at $23.3 million, reflecting a 124% year-over-year increase [6] Future Guidance - For Q2 2025, EverQuote estimates revenues in the range of $155-$160 million and a variable marketing margin between $45-$47 million, with adjusted EBITDA expected to be between $20 million and $22 million [7] Market Position - EverQuote currently holds a Zacks Rank 1 (Strong Buy), indicating a favorable outlook in the market [8]