Hagerty, Inc. (HGTY) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.05 per share a year ago.
Hagerty is rated a buy, with the market underestimating its growth potential and unique platform for car enthusiasts. Key growth drivers include the Enthusiast+ product launch, State Farm partnership, and strong relationships with major auto insurers, supporting revenue acceleration. HGTY's brand, omni-channel distribution, and exclusive partnerships create a durable moat, driving high retention and organic, low-cost customer acquisition.
Hagerty's niche underwriting expertise and strong customer loyalty drive superior profitability and create a durable moat in the collector car insurance market. Recent financials show accelerating revenue and EBITDA growth, with operating leverage and ancillary services like auctions and memberships fueling expansion. Valuation remains reasonable when considering the growth potential and established niche position, with 100% upside potential by 2030 as policy count and margins grow.
Hagerty, Inc. (NYSE:HGTY ) Q2 2025 Earnings Call August 3, 2025 10:00 AM ET Company Participants Jason Koval - Senior Vice President of Investor Relations & Communications McKeel O. Hagerty - Chairman & CEO Patrick Scott McClymont - Chief Financial Officer Conference Call Participants Charles Gregory Peters - Raymond James & Associates, Inc., Research Division Kevin Wijendra - JPMorgan Chase & Co, Research Division Mark Douglas Hughes - Truist Securities, Inc., Research Division Michael David Zaremski - BMO Capital Markets Equity Research Operator Greetings, and welcome to the Hagerty Second Quarter 2025 Earnings Conference Call.
Hagerty, Inc. (HGTY) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.12 per share a year ago.
Hagerty (HGTY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hagerty, Inc. (HGTY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Hagerty (HGTY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Hagerty (HGTY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Hagerty's underwriting expertise in the car enthusiast niche drives superior economics, with loss ratios far better than industry averages and high customer retention. The company's capital-light, commission-based model, strong brand, and partnerships with insurers like Markel and State Farm support robust, sustainable growth. Valuation is attractive: despite significant growth since its IPO, Hagerty's EV/EBITDA multiple has compressed, making shares compelling for long-term investors.
Hagerty, Inc. (HGTY) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.04 per share a year ago.
Hagerty, Inc. (NYSE:HGTY ) Q4 2024 Earnings Conference Call March 4, 2025 10:00 AM ET Company Participants Jay Koval – Senior Vice President-Investor Relations McKeel Hagerty – Chairman and Chief Executive Officer Patrick McClymont – Chief Financial Officer Conference Call Participants Matt Carletti – Citizens JMP Maxwell Fritscher – Truist Pablo Singzon – JPMorgan Operator Greetings, and welcome to the Hagerty Fourth Quarter 2024 Earnings Conference Call. At this time all participants are in a listen-only mode.