EverQuote (NASDAQ:EVER) Announces Quarterly Earnings Results

Key Points

• EverQuote beat estimates with $0.51 EPS (vs. $0.43 expected) and reported strong Q1 results including total revenue of $190.9 million (up 15% YoY), record Adjusted EBITDA of $29.3 million (up 30% YoY) and record operating cash flow of $29.6 million.
• The company is rapidly adopting agentic AI—revenue per employee has nearly tripled since Q1 2023—and is rolling out AI products like a AI cockpit and Smart Campaigns to boost productivity and customer outcomes.
• Management guided Q2 revenue of $185–195 million and Adjusted EBITDA of $28–30 million, reaffirmed a goal to reach $1 billion in revenue within 2–3 years, and maintains a conservative balance sheet with no debt and $178.5 million in cash while repurchasing roughly $19.9 million of stock in Q1.

EverQuote (NASDAQ:EVER - Get Free Report) released its quarterly earnings results on Monday. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.08, Zacks reports. EverQuote had a net margin of 14.34% and a return on equity of 57.65%.

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

• EverQuote reported strong Q1 results with total revenue of $190.9 million (up 15% YoY) and record Adjusted EBITDA of $29.3 million (up 30% YoY), plus record operating cash flow of $29.6 million.
• The company is rapidly adopting agentic AI—revenue per employee has nearly tripled since Q1 2023—and is rolling out AI products like an AI cockpit and Smart Campaigns to boost productivity and customer outcomes.
• Management guided Q2 revenue of $185–195 million, VMD of $55–57 million and Adjusted EBITDA of $28–30 million, and reaffirmed a goal to reach $1 billion in revenue within 2–3 years.
• Demand from carriers remains strong with broad-based spending increases (one carrier more than doubled spend late in Q1) and roughly 80% of top carriers still below peak quarterly spend, implying room for upside.
• Balance sheet and capital allocation remain conservative: no debt, cash and equivalents of $178.5 million, and ~ $19.9 million of share repurchases in Q1, with buybacks and selective M&A as potential uses of capital.

EverQuote Stock Up 0.8%

EVER traded up $0.12 during midday trading on Monday, hitting $14.61. The company had a trading volume of 1,948,452 shares, compared to its average volume of 872,313. EverQuote has a 52 week low of $13.88 and a 52 week high of $28.73. The company has a market capitalization of $526.40 million, a price-to-earnings ratio of 5.53 and a beta of 0.56. The stock's 50 day moving average price is $15.85 and its 200 day moving average price is $20.79.

Insider Buying and Selling at EverQuote

In other EverQuote news, CEO Jayme Mendal sold 14,360 shares of EverQuote stock in a transaction on Friday, February 20th. The shares were sold at an average price of $14.98, for a total value of $215,112.80. Following the completion of the sale, the chief executive officer directly owned 541,777 shares of the company's stock, valued at approximately $8,115,819.46. The trade was a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jon Ayotte sold 1,730 shares of EverQuote stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $15.56, for a total transaction of $26,918.80. Following the completion of the sale, the chief accounting officer directly owned 86,202 shares of the company's stock, valued at approximately $1,341,303.12. This trade represents a 1.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 18,095 shares of company stock valued at $272,489. Insiders own 25.52% of the company's stock.

Institutional Investors Weigh In On EverQuote

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mariner LLC increased its stake in EverQuote by 56.2% in the third quarter. Mariner LLC now owns 14,829 shares of the company's stock valued at $339,000 after purchasing an additional 5,337 shares in the last quarter. Cerity Partners LLC bought a new stake in shares of EverQuote during the second quarter worth about $315,000. Amundi bought a new stake in shares of EverQuote during the first quarter worth about $290,000. Bridgefront Capital LLC bought a new stake in shares of EverQuote during the fourth quarter worth about $271,000. Finally, nVerses Capital LLC bought a new stake in shares of EverQuote during the fourth quarter worth about $265,000. 91.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EVER shares. B. Riley Financial lowered their price target on shares of EverQuote from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday, February 24th. Zacks Research lowered EverQuote from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 26th. Raymond James Financial restated an "outperform" rating and issued a $18.00 target price on shares of EverQuote in a research report on Tuesday, February 17th. Wall Street Zen lowered shares of EverQuote from a "strong-buy" rating to a "buy" rating in a research report on Saturday, April 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of EverQuote from $32.00 to $22.00 and set an "overweight" rating on the stock in a report on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $23.83.

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.

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