EverQuote Q3 revenue beats expectations helped by strong showing in automotive insurance vertical

EverQuote

03/11/2025 21:22

Overview

EverQuote Q3 revenue grows 20% yr/yr, beating analyst expectations

Adjusted EBITDA for Q3 beats analyst estimates, increasing 33% yr/yr

Company repurchased $21 mln of shares, indicating confidence in long-term growth

Outlook

EverQuote forecasts Q4 2025 revenue between $174 mln and $180 mln

Company expects Q4 2025 variable marketing dollars of $46 mln to $48 mln

EverQuote projects Q4 2025 adjusted EBITDA of $21 mln to $23 mln

Result Drivers

AI AND TECHNOLOGY - Co attributes Q3 revenue growth and operational efficiency to AI and technology investments

SHARE BUYBACK - Co repurchased $21 mln of shares, indicating confidence in long-term growth

AUTOMOTIVE INSURANCE - Revenue in automotive insurance vertical grew 21%, contributing to overall revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$173.94 mln
$166.10 mln (8 Analysts)
Q3 Net Income
$18.86 mln
Q3 Adjusted EBITDA
Beat
$25.10 mln
$22.80 mln (8 Analysts)
Q3 Pretax Profit
$18.52 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 $33.00, about 34.7% above its October 31 closing price of $21.54

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nGNX9cbjpR

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(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.)