Overview

• Hagerty Q3 2025 revenue grows 18% yr/yr, beating analyst expectations

• Adjusted EPS for Q3 2025 beats consensus, reflecting strong performance

• Company raises 2025 outlook for revenue, net income, and adjusted EBITDA growth

Outlook

• Hagerty raises 2025 total revenue growth outlook to 14-15%

• Company expects 2025 net income growth of 58-65%

• Hagerty anticipates 2025 adjusted EBITDA growth of 37-41%

Result Drivers

• MARKETPLACE REVENUE - Q3 Marketplace revenue increased 58% yr/yr, driven by higher inventory sales and European auctions

• OPERATING INCOME SURGE - Operating income rose 240% yr/yr, attributed to expanded margins and cost discipline

• PARTNERSHIP WITH LIBERTY MUTUAL - New partnership with Liberty Mutual, the seventh largest auto insurer in the US, expected to enhance market position

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the property & casualty insurance peer group is "buy."

• Wall Street's median 12-month price target for Hagerty Inc is $13.50, about 16.4% above its November 3 closing price of $11.29

• The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nPn9plRDja

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)