Welcome to our dedicated page for Everquote news (Ticker: EVER), a resource for investors and traders seeking the latest updates and insights on Everquote stock.
EverQuote (EVER) operates a data-driven insurance marketplace connecting consumers with providers through advanced analytics and multi-channel marketing strategies. This page serves as the definitive source for tracking the company's operational developments and strategic positioning within the insurtech sector.
Access curated updates including earnings reports, technology innovations, leadership changes, and partnership announcements. Our aggregation ensures efficient monitoring of EverQuote's progress in optimizing insurance referrals through its proprietary bidding engines and real-time campaign management systems.
Content spans financial disclosures, product launches, and industry analyses relevant to stakeholders evaluating EVER's performance. Regular updates provide insights into how the company maintains its competitive edge through quantitative marketing solutions and scalable customer acquisition frameworks.
Bookmark this resource for streamlined tracking of EverQuote's initiatives in digital insurance distribution. Check back frequently for verified updates on its evolving role in transforming consumer access to auto, home, and life insurance products.
EverQuote reported a 20% year-over-year increase in revenue for Q3 2021, totaling $107.6 million. The company successfully integrated the acquisition of PolicyFuel, enhancing its DTC Agency operations. However, the GAAP net loss increased to $5.3 million, compared to a loss of $3.2 million a year earlier. Adjusted EBITDA decreased to $2.7 million from $5.2 million. For Q4, EverQuote anticipates revenue between $93.5 - $98.5 million and adjusted EBITDA ranging from ($1.5) - $1.5 million.
EverQuote (Nasdaq: EVER) announced preliminary financial results for Q3 2021, estimating total revenue between $106.5 million and $107.5 million, below its previous guidance of $109 million to $111 million. The variable marketing margin is also expected to fall short, forecasted at $32 million to $32.5 million, compared to prior guidance of $33 million to $34 million. A GAAP net loss is anticipated between $6.0 million and $5.5 million, with adjusted EBITDA estimated at $2.0 million to $2.5 million, significantly lower than earlier guidance of $4.5 million to $5.5 million.
EverQuote, Inc. (Nasdaq: EVER) announced the completion of its acquisition of PolicyFuel, LLC, enhancing its insurance offerings in property and casualty markets. This acquisition aims to expand EverQuote's product range and improve consumer shopping experiences. PolicyFuel's model, which generates revenue based on sold policies, aligns with EverQuote's Direct-To-Consumer strategy and provides access to a $135 billion market. Additionally, EverQuote issued performance stock units and restricted stock units to newly hired employees as part of the acquisition's inducement grants.
EverQuote, a top online insurance marketplace, has announced management will participate in several upcoming investor conferences, showcasing its growth strategy. Notable events include:
- Oppenheimer 24th Annual Technology Conference on August 10, 2021, at 12:25 p.m. ET
- Canaccord Genuity 41st Annual Growth Conference on August 11, 2021, at 11:30 a.m. ET
- William Blair 4th Annual Insurance Technology Conference on August 12, 2021
- Credit Suisse 4th Annual FinTech Conference on August 12, 2021, at 1:00 p.m. ET
- Needham 3rd Annual Virtual FinTech Conference on August 18, 2021
Live sessions will be accessible via EverQuote’s investor relations site.
EverQuote reported a 34% increase in revenue year-over-year, reaching $105.1 million for Q2 2021, alongside a 40% rise in Variable Marketing Margin to $32.8 million. The company's GAAP net loss decreased to $1.9 million, while Adjusted EBITDA grew to $6.6 million. The acquisition of PolicyFuel expands EverQuote's strategy into the property and casualty sectors. The company forecasts Q3 2021 revenue of $109-$111 million and full-year revenue of $440-$446 million, with adjusted EBITDA expectations noted in the guidance.
EverQuote, Inc. (Nasdaq: EVER) has announced its agreement to acquire PolicyFuel, LLC for approximately $16 million in cash. This strategic acquisition aims to enhance EverQuote's product offerings in the property and casualty (P&C) insurance market, allowing access to a $135 billion commission market. PolicyFuel's expertise in policy-sales-as-a-service (PSaaS) will support EverQuote's growth strategy and improve consumer shopping experiences. The deal, expected to close by Q3 2021, includes potential additional stock consideration based on growth targets.
EverQuote, Inc. (Nasdaq: EVER) will report its second quarter 2021 financial results after the market closes on August 2, 2021. A conference call and webcast are scheduled for 4:30 p.m. ET to discuss the financial outcomes and business outlook. The event will be accessible via US/Canada toll-free call and international dial-in options. EverQuote connects consumers with insurance providers, aiming to simplify and personalize insurance shopping.
EverQuote, Inc. (Nasdaq: EVER) has announced the appointment of Garett Kitch as Senior Vice President of Health and Life Agency Sales. Kitch, a seasoned sales leader, brings extensive experience in scaling teams and driving sales growth. His previous roles include leading Medicare sales at eHealth, and he aims to enhance EverQuote's health and life insurance segments. The company emphasizes a culture of collaboration and innovation, focusing on providing a superior insurance shopping experience as market trends shift online.
EverQuote, a leading online insurance marketplace, announced its participation in multiple investor conferences for May and June 2021. The company will host one-on-one meetings and virtual fireside chats, which include:
- Needham Virtual Technology & Media Conference: May 19, 2021, at 8:45 a.m. ET
- J.P. Morgan Global Technology Conference: May 24, 2021, at 2:45 p.m. ET
- William Blair Growth Stock Conference: June 2, 2021, at 9:40 a.m. ET
- Baird Global Consumer Conference: June 8, 2021, at 3:45 p.m. ET
These events will be available via live audio webcast on EverQuote’s investor relations website.
EverQuote, Inc. (Nasdaq: EVER) reported a 28% revenue increase year-over-year to $103.8 million for Q1 2021. Non-auto insurance revenue jumped 41% to $19.3 million, while Variable Marketing Margin rose 32% to $31.4 million. Despite a GAAP net loss of $3.8 million, Adjusted EBITDA improved to $4.8 million. The company forecasted Q2 revenue between $101-$103 million and full-year revenue of $434-$442 million, reflecting a strong growth outlook.
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