EverQuote (NASDAQ:EVER) Issues Earnings Results

EverQuote (NASDAQ:EVER) issued its quarterly earnings data on Monday. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01, FiscalAI reports. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The business had revenue of $195.09 million during the quarter, compared to analyst estimates of $190.56 million. During the same period in the prior year, the business earned $0.39 EPS. The company’s revenue for the quarter was up 24.6% on a year-over-year basis.

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

• Q2 results exceeded growth expectations: Revenue rose 25% year over year to $195.1 million, while adjusted EBITDA increased 37% to a record $30.1 million, with strong operating cash flow of $24.3 million.
• Demand from insurance carriers and local agents remained healthy, with both customer groups reaching record revenue levels; the home insurance vertical grew 35% year over year to $23 million.
• EverQuote reaffirmed its path to $1 billion in annual revenue within the previously stated timeline, supported by carrier and agent growth, increased platform scale, broader solutions, and AI-driven efficiency gains.
• The company plans targeted second-half investments in AI-first products for consumers, carriers, and agents, as well as select strategic partnerships; management said these new offerings are not expected to contribute materially to revenue this year.
• EverQuote ended the quarter debt-free with $192 million in cash and repurchased approximately $9 million of stock in Q2; the board may consider authorizing a new buyback program later this year.

EverQuote Trading Down 4.4%

Shares of EVER stock opened at $24.10 on Tuesday. EverQuote has a 12 month low of $13.88 and a 12 month high of $28.73. The stock has a market cap of $868.32 million, a PE ratio of 8.20 and a beta of 0.62. The company’s fifty day moving average price is $22.78 and its 200-day moving average price is $19.45.

Trending Headlines about EverQuote

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: EverQuote reported second-quarter revenue of $195.1 million, up 24.6% year over year and above the $190.6 million analyst consensus. Reported EPS was $0.53, narrowly ahead of the $0.52 estimate; an adjusted earnings measure cited by Zacks was $0.65 versus a $0.61 consensus, compared with $0.39 a year earlier. EverQuote Announces Second Quarter 2026 Financial Results
• Positive Sentiment: The results showed continued strong operating momentum, including 24.6% annual revenue growth, a 15.35% net margin and a 53.39% return on equity. Management’s earnings-call commentary and key performance metrics are likely to remain important for assessing whether growth can continue. EverQuote Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Analysts’ consensus price target is $24.17, broadly in line with the stock’s recent trading level. This suggests limited near-term upside based solely on current published targets, although the target may change after the earnings release. EverQuote Receives $24.17 Consensus Price Target
• Negative Sentiment: EverQuote guided for third-quarter revenue of $198 million to $208 million. While the midpoint implies sequential growth, it is only modestly above the $201.7 million consensus estimate and may have disappointed investors expecting a stronger outlook. The softer guidance likely explains why the stock has declined despite the second-quarter beats. EverQuote Q2 Earnings and Revenues Top Estimates

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of EverQuote from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Needham & Company LLC raised their price objective on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings raised EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, EverQuote has an average rating of “Moderate Buy” and an average target price of $25.00.

Insider Buying and Selling

In related news, CTO David Brainard sold 4,960 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $25.51, for a total value of $126,529.60. Following the completion of the transaction, the chief technology officer directly owned 165,336 shares in the company, valued at $4,217,721.36. This trade represents a 2.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jon Ayotte sold 4,611 shares of EverQuote stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $24.15, for a total transaction of $111,355.65. Following the transaction, the chief accounting officer directly owned 74,580 shares of the company’s stock, valued at approximately $1,801,107. This trade represents a 5.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 47,586 shares of company stock worth $1,043,114 in the last three months. 23.68% of the stock is owned by corporate insiders.

Institutional Trading of EverQuote

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of EverQuote by 6.0% in the third quarter. Vanguard Group Inc. now owns 2,201,338 shares of the company’s stock worth $50,345,000 after purchasing an additional 123,728 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of EverQuote by 81.7% during the fourth quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock valued at $24,333,000 after buying an additional 405,237 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in EverQuote by 27.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 875,702 shares of the company’s stock worth $23,644,000 after buying an additional 188,335 shares in the last quarter. Qube Research & Technologies Ltd raised its position in EverQuote by 27.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 800,114 shares of the company’s stock worth $19,347,000 after buying an additional 171,787 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of EverQuote by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 741,481 shares of the company’s stock valued at $20,023,000 after acquiring an additional 16,348 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

About EverQuote

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.