Hagerty Highlights Strong 2025 Growth and Profit Expansion

Hagerty Inc Class A ( (HGTY) ) has issued an update.

Hagerty Inc. operates in the specialty automotive insurance and enthusiast services market, focusing on classic, collectible and enthusiast vehicles for a global base of car lovers. The company combines insurance products with an omni-channel distribution strategy, auctions, private sales and financing, targeting tens of millions of auto enthusiasts and aiming to double its policies in force to 3 million by 2030.

Hagerty reported that 2025 was a year of strong execution, with 17% top-line growth, a 91% increase in net income and record new business including 371,000 new members added. The company highlighted key 2025 milestones such as expanding its State Farm Classic+ rollout, launching new products like Enthusiast+, growing Broad Arrow Auctions to the No. 2 global player with $624 million in transaction value, and renegotiating its Markel arrangement to capture 100% of premiums, which is expected to materially boost underwriting profits and margins from 2026.

Looking ahead, Hagerty signaled plans for mid-teens written premium growth and further margin expansion in 2026, supported by continued technology investment, broader State Farm conversions and the new fronting structure with Markel. Management framed these steps as part of a disciplined, member-focused strategy to compound profits over the long term while scaling globally, enhancing control over underwriting economics and deepening its reach into the 36 million–plus target market of auto enthusiasts.

The most recent analyst rating on (HGTY) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Hagerty Inc Class A stock, see the HGTY Stock Forecast page.

Spark’s Take on HGTY Stock

According to Spark, TipRanks’ AI Analyst, HGTY is a Neutral.

The score is driven primarily by solid financial performance (strong margins and cash generation) and supportive technicals (price above major moving averages with positive MACD). This is tempered by a high valuation (P/E 46.09). The latest earnings call adds support via raised outlook and strong profitability, though expense growth and attach-rate/seasonality risks remain.

To see Spark’s full report on HGTY stock, click here.

More about Hagerty Inc Class A

Hagerty Inc. operates in the specialty automotive insurance and enthusiast services market, focusing on classic, collectible and enthusiast vehicles for a global base of car lovers. The company combines insurance products with an omni-channel distribution strategy, auctions, private sales and financing, targeting tens of millions of auto enthusiasts and aiming to double its policies in force to 3 million by 2030.

Hagerty reported that 2025 was a year of strong execution, with 17% top-line growth, a 91% increase in net income and record new business including 371,000 new members added. The company highlighted key 2025 milestones such as expanding its State Farm Classic+ rollout, launching new products like Enthusiast+, growing Broad Arrow Auctions to the No. 2 global player with $624 million in transaction value, and renegotiating its Markel arrangement to capture 100% of premiums, which is expected to materially boost underwriting profits and margins from 2026.

Looking ahead, Hagerty signaled plans for mid-teens written premium growth and further margin expansion in 2026, supported by continued technology investment, broader State Farm conversions and the new fronting structure with Markel. Management framed these steps as part of a disciplined, member-focused strategy to compound profits over the long term while scaling globally, enhancing control over underwriting economics and deepening its reach into the 36 million–plus target market of auto enthusiasts.

Average Trading Volume: 104,678

Technical Sentiment Signal: Hold

Current Market Cap: $3.9B

For a thorough assessment of HGTY stock, go to TipRanks’ Stock Analysis page.