EverQuote Q2 revenue beats estimates on auto, home insurance demand

EverQuote

03/08/2026 21:22

Overview
US insurance growth platform's Q2 revenue rose 25%, beating analyst expectations
Adjusted EBITDA for Q2 beat estimates, rising 37% yr/yr to a record level
Company repurchased $9.1 mln of its own shares during the quarter

Outlook
EverQuote sees Q3 revenue of $198 mln to $208 mln
Company expects Q3 adjusted EBITDA of $28 mln to $31 mln
Company says Q3 outlook indicates healthy demand as carriers target digital channel growth

Result Drivers
VERTICAL GROWTH - Revenue from automotive and home/renters insurance segments grew 23% and 35% yr/yr, respectively, driving overall revenue increase
CARRIER DEMAND - Co cited healthy demand from carriers targeting growth across digital channels
AI AND PRODUCT DEVELOPMENT - Ongoing investment in AI and new solutions supported business momentum, per CFO Joseph Sanborn

Company press release: ID:nGNX92gNkq

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$195.09 mln
$190.36 mln (7 Analysts)
Q2 Net Income
 
$19.19 mln
 
Q2 Adjusted EBITDA
Beat
$30.10 mln
$29.09 mln (7 Analysts)
Q2 Pretax Profit
 
$24.51 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 0.9% below its July 31 closing price of $25.22
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads
Aug 3 - American Family to buy remaining stake in specialty insurer Bowhead in $1.2 billion deal
Aug 3 - Loews' profit rises on strength across insurance, pipeline and hotel businesses
July 31 - Baldwin trades up following Q2 earnings beat

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.)