EverQuote (NASDAQ:EVER) Posts Quarterly Earnings Results, Hits Estimates

EverQuote (NASDAQ:EVER) issued its quarterly earnings data on Monday. The company reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49, FiscalAI reports. The company had revenue of $218.08 million for the quarter, compared to the consensus estimate of $205.12 million. EverQuote had a net margin of 14.23% and a return on equity of 47.68%. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 earnings per share.

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

• Record Q3 performance: Revenue rose 25% year over year to $218.1 million, Adjusted EBITDA increased 41% to $35.5 million, and operating cash flow reached $40.5 million. The company exceeded the high end of its guidance and ended the quarter with $229.1 million in cash and no debt.
• The home insurance vertical grew 70% year over year to $27.7 million, while eight of the company’s top 10 carriers grew sequentially. Management expects home to remain a faster-growing vertical than auto over the medium term, although it cautioned that the 70% rate may not be sustainable.
• EverQuote is expanding AI-driven products, including SmartCampaigns, AI reporting tools, and the newly launched Luva consumer shopping platform. Management believes these offerings can improve conversion, broaden the company’s addressable market, and position EverQuote as an intermediary between consumers, AI platforms, and insurers.
• Q4 guidance calls for a sequential decline in variable marketing margin as the company invests in newer agentic AI traffic channels and Luva; management suggested Q4 could be a reasonable starting point for next year’s margin. Q3 GAAP net income also declined modestly because of higher taxes and a one-time $4 million vendor-contract termination fee.
• Management expects favorable insurance industry conditions to continue into 2027 and potentially through 2029, citing healthy carrier profitability and demand to grow policies in force. The company reiterated that it is on track to reach $1 billion in annual revenue within the next one to two years and authorized a new $50 million share-repurchase program.

EverQuote Trading Up 19.9%

EVER opened at $29.11 on Wednesday. EverQuote has a 1-year low of $13.88 and a 1-year high of $29.25. The firm’s 50 day simple moving average is $22.37 and its two-hundred day simple moving average is $20.54. The company has a market capitalization of $1.05 billion, a PE ratio of 9.48 and a beta of 0.82.

Insider Activity at EverQuote

In related news, CTO David Brainard sold 2,626 shares of EverQuote stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $19.90, for a total transaction of $52,257.40. Following the sale, the chief technology officer owned 150,178 shares of the company’s stock, valued at approximately $2,988,542.20. This trade represents a 1.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joseph Sanborn sold 6,667 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $25.51, for a total transaction of $170,075.17. Following the completion of the transaction, the chief financial officer directly owned 305,241 shares in the company, valued at $7,786,697.91. This trade represents a 2.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 75,681 shares of company stock worth $1,730,822 in the last quarter. 23.68% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EVER shares. Needham & Company LLC lifted their price objective on EverQuote from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday. Zacks Research upgraded EverQuote from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. B. Riley Financial reissued a “buy” rating and issued a $35.00 target price (up from $34.00) on shares of EverQuote in a report on Tuesday. Citigroup reissued a “buy” rating on shares of EverQuote in a research report on Tuesday. Finally, Canaccord Genuity Group boosted their price target on EverQuote from $28.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Trending Headlines about EverQuote

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: Third-quarter revenue rose 25.4% year over year to $218.08 million, topping analyst expectations of $205.12 million. Earnings per share were $0.49, in line with consensus. The strong sales result supports the growth outlook. EverQuote third-quarter results
• Positive Sentiment: EverQuote forecast Q4 revenue of $213 million to $223 million, above the $211.9 million consensus estimate, giving investors a stronger near-term sales outlook. EverQuote Q4 guidance and AI investment
• Positive Sentiment: Several analysts raised their targets after the results: Needham and B. Riley moved to $35 and maintained Buy ratings, while JPMorgan raised its target to $30 and kept an Overweight rating. The revisions signal improved analyst confidence, though targets are not guarantees. B. Riley raises EverQuote price target
• Negative Sentiment: EverQuote is investing in agentic AI and other growth initiatives, which could weigh on margins; coverage also flagged slower Q4 growth. That creates some risk that near-term profitability may not keep pace with sales. EverQuote Q3 results, outlook and margin risks

About EverQuote

EverQuote, Inc operates an online marketplace that connects consumers seeking insurance with insurance providers and distribution partners. The company uses technology, data, and digital marketing to help consumers compare insurance options and obtain quotes.

Its platform has primarily focused on auto insurance, while also supporting other insurance categories, including home and renters insurance. EverQuote generates business by providing insurance carriers and agents with consumer referrals and opportunities to reach people who are actively shopping for coverage.

Founded in 2010 and headquartered in Cambridge, Massachusetts, EverQuote serves the United States insurance market.