EverQuote's Q1 revenue beats analyst estimates on strong home, renters insurance sales

EverQuote

04/05/2026 21:23

Overview

U.S. P&C insurance solutions provider's Q1 revenue grew 15%, beating analyst expectations

Q1 adjusted EBITDA rose 30% yr/yr, beating analyst estimates

Company repurchased 1.1 mln shares for $19.9 mln during Q1

Outlook

EverQuote sees Q2 revenue of $185 mln to $195 mln, up 21% year-on-year at midpoint

Company expects Q2 adjusted EBITDA of $28 mln to $30 mln, up 32% year-on-year at midpoint

EverQuote reiterates goal of reaching $1 bln in annual revenue within 2-3 years

Result Drivers

VERTICAL GROWTH - Revenue growth was driven by a 13% increase in automotive insurance and a 33% increase in home and renters insurance revenue

AI SOLUTIONS - Co said AI-powered solutions enabled greater value for carriers and agents, supporting operational leverage and efficiency, per CFO Joseph Sanborn

MARKETING SPEND - Variable marketing dollars increased to $55.9 mln from $46.9 mln, supporting revenue growth

Company press release: ID:nGNXjHCxb

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$190.85 mln
$180.15 mln (7 Analysts)
Q1 Net Income
$18.67 mln
Q1 Adjusted EBITDA
Beat
$29.30 mln
$25.10 mln (7 Analysts)
Q1 Pretax Profit
$24.36 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy"

Wall Street's median 12-month price target for EverQuote Inc is $25.00, about 72.5% above its May 1 closing price of $14.49

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)