EverQuote (NASDAQ:EVER) Announces Quarterly Earnings Results

EverQuote (NASDAQ:EVER) released its quarterly earnings data on Monday. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.08, Zacks reports. EverQuote had a return on equity of 57.65% and a net margin of 14.34%.

Here are the key takeaways from EverQuote’s conference call:

• EverQuote reported strong Q1 results with total revenue of $190.9 million (up 15% YoY) and record Adjusted EBITDA of $29.3 million (up 30% YoY), plus record operating cash flow of $29.6 million.
• The company is rapidly adopting agentic AI—revenue per employee has nearly tripled since Q1 2023—and is rolling out AI products like an AI cockpit and Smart Campaigns to boost productivity and customer outcomes.
• Management guided Q2 revenue of $185–195 million, VMD of $55–57 million and Adjusted EBITDA of $28–30 million, and reaffirmed a goal to reach $1 billion in revenue within 2–3 years.
• Demand from carriers remains strong with broad-based spending increases (one carrier more than doubled spend late in Q1) and roughly 80% of top carriers still below peak quarterly spend, implying room for upside.
• Balance sheet and capital allocation remain conservative: no debt, cash and equivalents of $178.5 million, and ~ $19.9 million of share repurchases in Q1, with buybacks and selective M&A as potential uses of capital.

EverQuote Stock Performance

Shares of EVER traded up $0.12 on Monday, reaching $14.61. The stock had a trading volume of 1,951,606 shares, compared to its average volume of 872,387. The firm has a market capitalization of $526.40 million, a price-to-earnings ratio of 5.53 and a beta of 0.56. The company has a 50-day simple moving average of $15.85 and a 200-day simple moving average of $20.79. EverQuote has a 12-month low of $13.88 and a 12-month high of $28.73.

Analyst Ratings Changes

Several research firms have weighed in on EVER. Wall Street Zen cut EverQuote from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 4th. Canaccord Genuity Group lowered their target price on EverQuote from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. JPMorgan Chase & Co. lowered their target price on EverQuote from $32.00 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday, February 24th. Raymond James Financial restated an “outperform” rating and issued a $18.00 target price on shares of EverQuote in a research note on Tuesday, February 17th. Finally, B. Riley Financial lowered their target price on EverQuote from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.83.

Insider Buying and Selling

In related news, CAO Jon Ayotte sold 1,730 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $15.56, for a total transaction of $26,918.80. Following the completion of the transaction, the chief accounting officer owned 86,202 shares of the company’s stock, valued at $1,341,303.12. This trade represents a 1.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jayme Mendal sold 14,360 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $14.98, for a total value of $215,112.80. Following the transaction, the chief executive officer directly owned 541,777 shares of the company’s stock, valued at approximately $8,115,819.46. This trade represents a 2.58% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 18,095 shares of company stock valued at $272,489. 25.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVER. Comerica Bank increased its position in EverQuote by 235.4% during the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after buying an additional 772 shares in the last quarter. NewEdge Advisors LLC bought a new position in EverQuote during the 3rd quarter valued at approximately $52,000. Tower Research Capital LLC TRC increased its position in EverQuote by 271.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock valued at $79,000 after buying an additional 2,381 shares in the last quarter. Kestra Advisory Services LLC bought a new position in EverQuote during the 4th quarter valued at approximately $84,000. Finally, State of Tennessee Department of Treasury bought a new position in EverQuote during the 2nd quarter valued at approximately $153,000. Institutional investors own 91.54% of the company’s stock.

EverQuote Company Profile

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.