Hagerty Inc Class A ( (HGTY) ) has issued an update.
On May 7, 2025, Hagerty Inc Class A announced an investor presentation on its website, highlighting its business model and growth strategies. The company emphasized its partnerships with top automotive insurers and the launch of a new collector car program in Illinois and Michigan. Hagerty plans to expand its State Farm Classic Plus program across the U.S. by 2026, adding approximately 525,000 policies. The company aims to double its policies by 2030, leveraging its strong customer retention and reputation in the classic car insurance market.
Spark’s Take on HGTY Stock
According to Spark, TipRanks’ AI Analyst, HGTY is a Neutral.
Hagerty Inc Class A demonstrates solid financial performance with strong growth metrics, but the stock’s technical indicators and high valuation present challenges. Positive earnings call sentiment and strategic corporate events support a promising outlook. The overall score reflects a balance between these strengths and potential risks.
To see Spark’s full report on HGTY stock, click here.
More about Hagerty Inc Class A
Hagerty Inc Class A is a U.S.-centric specialty insurer primarily focused on classic car insurance. With approximately 95% of its revenue generated in the United States, Hagerty is known for its stable, predictable, high-growth business model that collects premiums upfront and pays out claims later. The company has a strong reputation for its expertise in classic car claims and valuation, partnering with major automotive insurers and offering a direct-to-consumer business model that contributes to its growth.
Average Trading Volume: 67,139
Technical Sentiment Signal: Sell
Current Market Cap: $3.03B
See more insights into HGTY stock on TipRanks’ Stock Analysis page.