Ccc Intelligent Solutions Hld Stock Price, News & Analysis

CCC Intelligent Solutions (NASDAQ: CCCS), a cloud platform provider for the P&C insurance economy, has scheduled its first quarter 2025 earnings release for Tuesday, May 6, 2025, before U.S. market opening.

The company will host a conference call at 8:00 a.m. Eastern Time on the same day to discuss financial results and business outlook. Investors can access the live webcast through the company's investor relations website at ir.cccis.com, where a replay will also be available afterward.

CCC Intelligent Solutions (CCCS) has released its Q1 2025 Crash Course Report, analyzing trends in the U.S. vehicle fleet and their impact on auto claims and repairs. The report, based on 300 million claims-related transactions, reveals significant shifts in the automotive landscape.

Key findings show the average U.S. vehicle age has reached 12.7 years and is expected to hit 13 years by 2026. Electric vehicles require nearly 4 more labor hours than traditional vehicles per repair, with 30% higher labor costs. EVs average 22 parts replaced per repair compared to 16 for conventional vehicles.

The report highlights that vehicles with Advanced Driver Assistance Systems (ADAS) require more complex diagnostics, with hybrids showing the highest calibration frequency and costs. Medical-related expenses are rising, with third-party bodily injury payouts increasing 8% since Q3 2023. Additionally, over 70% of total loss valuations in 2024 were for vehicles seven years or older.

CCC Intelligent Solutions Holdings (NASDAQ: CCCS), a leading cloud platform provider for the P&C insurance economy, has announced its participation in the upcoming Morgan Stanley Technology, Media & Telecom Conference in San Francisco. Chief Financial Officer Brian Herb and Vice President of Investor Relations Bill Warmington will deliver a presentation scheduled for Tuesday, March 4, 2025, at 7:00 a.m. PT / 10:00 a.m. ET.

The presentation will be accessible through a live webcast, with a replay option available for a time on CCC's investor relations website under the 'Events & Presentations' section at ir.cccis.com.

CCC Intelligent Solutions Holdings (NASDAQ: CCCS) has announced the pricing of a secondary offering of 42 million shares of common stock by affiliates of Advent International. The offering is expected to close around March 3, 2025.

The company will not receive any proceeds from the sale, as it consists entirely of shares sold by the Selling Stockholders. However, CCCS plans to repurchase 7 million shares from the underwriters at the offering price using cash on hand.

The offering's joint book running managers include BofA Securities, Goldman Sachs & Co. , Jefferies, and J.P. Morgan Securities . The sale is being conducted through an effective shelf registration statement on Form S-3.

CCC Intelligent Solutions Holdings (NASDAQ: CCCS) has announced a proposed secondary offering of 42 million shares of common stock by affiliates of Advent International. The shares will be sold at prevailing market prices through negotiated transactions.

In conjunction with this offering, the company plans to repurchase 7 million shares from the underwriters at the same price, funded through cash on hand. The offering will be conducted by joint book running managers including BofA Securities, Goldman Sachs, Jefferies, and J.P. Morgan Securities.

Notably, CCCS will not receive any proceeds from the secondary offering as all shares are being sold by the Selling Stockholders. The offering is being made through an effective shelf registration statement on Form S-3 that was filed with the SEC.

CCC Intelligent Solutions (CCCS) has appointed Tim Welsh as President to lead market-facing functions and accelerate digital transformation initiatives. Welsh joins from U.S. Bank, where he led the digital transformation of their $10 billion consumer and small-business banking division.

Welsh brings extensive experience from his 26-year tenure at McKinsey & Company, where he served as Senior Partner and was elected to the firm's Shareholders Council. His background includes significant work with P&C and Life insurers, focusing on strategic and operational performance improvements.

The appointment aligns with CCC's strategy to help customers navigate industry complexity through AI and digital technologies. Welsh will leverage CCC's AI capabilities, network, and CCC IX Cloud™ platform to support customers ranging from independent repair facilities to large carriers. He will assume his role on March 24.

CCC Intelligent Solutions (NASDAQ: CCCS) reported strong financial results for Q4 and full year 2024. The company achieved 9% year-over-year revenue growth in 2024, reaching $944.8 million, with an adjusted EBITDA margin of 42%.

Q4 2024 highlights include revenue of $246.5 million (up 8% YoY), GAAP net income of $6.3 million, and adjusted EBITDA of $106.3 million. The company maintained strong profitability with a 75% gross margin.

Key developments include:

• Acquisition of EvolutionIQ to expand into disability and workers' compensation markets
• Addition of over 1,000 new repair facilities, reaching 30,500+ on CCC ONE® network
• Over 10,000 collision repairers actively using AI solutions
• Authorization of $300 million share repurchase program

CCC Intelligent Solutions Holdings (NASDAQ: CCCS), a cloud platform provider for the P&C insurance economy, has scheduled its fourth quarter and full fiscal year 2024 earnings release. The financial results will be announced after U.S. market close on Tuesday, February 25, 2025.

The company will host a conference call on the same day at 5:00 p.m. Eastern Time to discuss financial results and business outlook. Investors can access the live webcast through the company's investor relations website at ir.cccis.com, where a replay will also be available afterward.

CCC Intelligent Solutions (CCCS) announced the integration of its CCC® Repair Workflow shop management solution with Tekion's dealer management system (DMS). The integration connects dealer body shop systems with dealer management software, eliminating manual data entry and reducing inefficiencies.

The integration synchronizes essential data including repair order numbers, vehicle information, repair history, and accounting details. This streamlined process helps dealer body shops reduce time spent on manual data entry and general ledger reconciliation, enabling them to focus on delivering repairs more efficiently, improving cycle times, and increasing shop productivity.