HAGERTY (HGTY) Stock News

Motorlux (NYSE:HGTY) has announced details for its premier Monterey Car Week event on August 13, 2025. The event will feature exclusive automotive displays, including tributes to Porsche, the Ford Mustang's 60th anniversary, and a 200 MPH Club showcase.

The event will incorporate the Broad Arrow Monterey Jet Center Auction, featuring approximately 150 collector cars over two days. Notable offerings include a 1962 Shelby 260 Cobra (estimated $1.5M-$2.0M), a 1991 Ferrari F40 (estimated $3.4M-$3.7M), and a 2018 Bugatti Chiron (estimated $3.0M-$3.5M).

The event will showcase three Michelin-starred chefs and over 40 regional wine varietals, benefiting the CHP 11-99 Foundation and Navy Postgraduate School Foundation.

Hagerty (NYSE:HGTY) subsidiary Broad Arrow Auctions has announced two rare Ferrari models for its inaugural Zoute Concours Auction on October 10, 2025 in Belgium. The auction highlights include a 1967 Ferrari 275 GTB/4 estimated at €2.7-3.2 million, one of only six finished in Verde Pino, and a 1970 Ferrari 365 GTB/4 Daytona "Plexi" in rare Avorio finish.

The 275 GTB/4 features matching numbers, Ferrari Classiche certification, and original components. The Daytona "Plexi," one of approximately 400 produced, has notable provenance as it was first owned by Belgian racing driver Baron Hughes de Fierlant. The auction will showcase 70 exceptional collector cars at the Approach Golf in Knokke-Heist during Zoute Grand Prix Car Week.

Broad Arrow Auctions, a Hagerty company, announces the addition of a historically significant 1962 Shelby Cobra (CSX 2003) to its Monterey Jet Center Auction on August 13-14, 2025. As the fourth Shelby Cobra ever built, CSX 2003 is estimated at $1.5-2.0 million and comes from 36 years of single ownership. The Cobra features its original Experimental HP 260 cu-in engine and was crucial in Ford's evaluation process. The auction also includes a rare 2011 Hennessey Venom GT (estimated $350,000-$450,000) and The American Performance Collection, featuring six modern muscle cars including two 2017 Dodge Viper ACRs. The Venom GT, chassis 03 of only 13 produced, shows under 2,300 kilometers and combines American power with British chassis design. The event follows Broad Arrow's successful 2024 auction which achieved $71.5 million with an 85% sell-through rate.

Broad Arrow Auctions, a Hagerty company, announces its expansion into Switzerland with The Zürich Auction, scheduled for November 1, 2025, at The Dolder Grand hotel. The auction will feature approximately 60 collector cars and serve as the highlight of the Auto Zürich show. This expansion follows Broad Arrow's successful European debut at Villa d'Este, where they achieved €31.2 million in sales with 78% of lots sold. The Zürich Auction represents a strategic move into the Swiss market, known for housing prestigious car collections. The event will be held in partnership with Auto Zürich, one of Europe's most successful motor shows, running from October 30 to November 2, 2025, at Messe Zürich. This announcement follows Broad Arrow's recent addition of The Zoute Concours Auction to their calendar, demonstrating their rapid European expansion.

Broad Arrow Auctions, a Hagerty company, announces its expansion in Europe with a new auction event - The Zoute Concours Auction - scheduled for October 10, 2025, in Knokke-Heist, Belgium. The event will be held in collaboration with Zoute Grand Prix Car Week and will feature approximately 70 exceptional collector cars. This announcement follows Broad Arrow's successful European debut at the Concorso d'Eleganza Villa d'Este Auction, which achieved €31.2 million in sales with a 78% sell-through rate. The Zoute auction will coincide with the prestigious Zoute Concours d'Élégance by ING Private Banking, offering a curated selection of vehicles across various categories, marques, and price points. The expansion demonstrates Broad Arrow's growing presence in the European collector car market.

Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, achieved remarkable success at its inaugural European sale at the Concorso d'Eleganza Villa d'Este, generating total sales of €31.17 million with a 78% sell-through rate. The highlight was a 1948 Ferrari 166 Spyder Corsa setting a new auction record at €7.54 million. The two-day auction featured over 70 premium vehicles, with notable sales including a 2003 Honda NSX-R setting a record at €934,375 and a 1989 Ferrari F40 Competizione selling for €2.31 million. The BMW-exclusive sale saw a 1980 BMW M1 with Procar specifications sell for €602,500. The event attracted significant interest, with over 8,000 viewers watching the live stream on YouTube.

The California Mille, celebrating its 34th running from April 27th to May 1st, 2025, completed a 1,000-mile driving tour through Northern California with 80 classic cars from 1927-1957. The event featured Ferrari 250 models, including the GT LWB 'Tour de France', GT Boano, and PF Cabriolet Special. Starting at The Ritz-Carlton, Half Moon Bay, the tour explored Napa Valley wine country, Santa Rosa region, and routes along Lake Berryessa and Clear Lake. Chopard served as the "Official Timekeeper" for the event. Notably, the event raised over $85,000 for charitable organizations, including the California Firefighters Benevolent Fund and CHP 11-99 foundation, partly through auctioning an exclusive Brian Kesling painting featuring the Ferrari 250.

Hagerty (NYSE: HGTY) reported strong Q1 2025 financial results with significant growth across key metrics. Total Revenue increased 18% year-over-year to $319.6 million, while Net Income surged 233% to $27.3 million. The company's Marketplace revenue saw exceptional growth of 176% to $29.0 million. Operating Income doubled, rising 110% to $25.7 million, with margins improving by 360 basis points. Hagerty maintained strong customer retention at 89.0%, with total insured vehicles growing 8% to 2.6 million. The company reaffirmed its 2025 outlook, projecting 12-13% Total Revenue growth and 30-40% Net Income growth, despite $20 million in technology investments and $10.4 million in pre-tax losses from Southern California wildfires. Hagerty Drivers Club showed healthy growth with paid members increasing 7% to 889,000.

Hagerty Inc (NYSE: HGTY), an automotive enthusiast brand and specialty vehicle insurance provider, has scheduled its first quarter 2025 financial results announcement for Wednesday, May 7, 2025, before market opening.

The company will host a conference call to discuss the results at 10:00 am Eastern Time. Investors can access the call through toll-free dial-in (877) 423-9813 or international dial-in (201) 689-8573. A live webcast will be available on Hagerty's investor relations website at investor.hagerty.com, where a replay will also be accessible following the call.