Overview

* EverQuote ( EVER ) Q2 revenue grows 34% yr/yr to $156.6 mln but just misses analyst expectations

* Adjusted EBITDA for Q2 beats consensus, reaching $22 mln, per LSEG data

* Co announces $50 mln share repurchase program, reflecting confidence in financial trajectory

Outlook

* EverQuote ( EVER ) sees Q3 revenue of $163 mln to $169 mln

* Company expects Q3 adjusted EBITDA of $22 mln to $24 mln

* EverQuote ( EVER ) anticipates Q3 variable marketing dollars of $47 mln to $50 mln

Result Drivers

* REVENUE GROWTH - Revenue increased by 34% year-over-year to $156.6 mln, driven by strong execution and a stable market environment

* MARKETING EXPENSES - Variable marketing dollars rose 25% year-over-year to $45.5 mln, supporting revenue growth

* AI AND EFFICIENCY - EverQuote ( EVER ) attributes its strong qtr to AI-driven efficiency applications and disciplined expense management

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $156.63 $157.20

Revenue mln mln (8

Analysts

)

Q2 Net $14.70

Income mln

Q2 Beat $22 mln $21.10

Adjusted mln (8

EBITDA Analysts

)

Q2 $15.06

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the online services peer group is "buy"

* Wall Street's median 12-month price target for EverQuote Inc ( EVER ) is $35.00, about 31.1% above its August 1 closing price of $24.10

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

(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.)