Overview

* Hagerty Q3 2025 revenue grows 18% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 2025 beats consensus, reflecting strong performance

* Company raises 2025 outlook for revenue, net income, and adjusted EBITDA growth

Outlook

* Hagerty ( HGTY ) raises 2025 total revenue growth outlook to 14-15%

* Company expects 2025 net income growth of 58-65%

* Hagerty ( HGTY ) anticipates 2025 adjusted EBITDA growth of 37-41%

Result Drivers

* MARKETPLACE REVENUE - Q3 Marketplace revenue increased 58% yr/yr, driven by higher inventory sales and European auctions

* OPERATING INCOME SURGE - Operating income rose 240% yr/yr, attributed to expanded margins and cost discipline

* PARTNERSHIP WITH LIBERTY MUTUAL - New partnership with Liberty Mutual, the seventh largest auto insurer in the US, expected to enhance market position

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $380 mln $354.74

Revenue mln (5

Analysts

)

Q3 Beat $0.13 $0.07 (7

Adjusted Analysts

EPS )

Q3 Net $46.20

Income mln

Q3 Beat $49.70 $40.54

Adjusted mln mln (6

EBITDA Analysts

)

Q3 EBIT $34.30

mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the property & casualty insurance peer group is "buy."

* Wall Street's median 12-month price target for Hagerty Inc ( HGTY ) is $13.50, about 16.4% above its November 3 closing price of $11.29

* The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release:

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(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.)