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EverQuote
(NASDAQ:EVER)
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Rating:84Outperform
Price Target:
$29.00
▲(80.12% Upside)
Action:Reiterated
Date:05/09/26
High score driven by a strong financial inflection (profitability, cash flow quality, and a low-risk balance sheet) plus upbeat near-term guidance and execution signals from the latest earnings call. Valuation is supportive with a low P/E. Technicals are constructive short-term but still below longer-term moving averages, tempering the overall score.
Positive Factors
Cash generation and FCF conversion
Consistent positive operating cash flow that exceeds reported net income and near-par free cash flow demonstrates high earnings quality and reliable internal funding. This durable cash conversion supports reinvestment, continued buybacks, and buffers the business across advertising cycles without adding leverage.
Negative Factors
Uneven and modest recent revenue growth
Top-line momentum has been inconsistent historically, with declines and volatility in 2022–2023 and only modest recent growth. If revenue reverts to weaker trajectories, high margins and cash flow could compress as marketing spend and unit economics adjust, limiting durable upside without sustained demand recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation and FCF conversion
Consistent positive operating cash flow that exceeds reported net income and near-par free cash flow demonstrates high earnings quality and reliable internal funding. This durable cash conversion supports reinvestment, continued buybacks, and buffers the business across advertising cycles without adding leverage.
Read all positive factors
EverQuote Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down where EverQuote makes money—such as lead sales to insurers, subscription or platform services, and any advertising or agency revenue—revealing which businesses drive growth and profit. A rising share of higher‑margin or recurring segments points to better earnings quality and sustainability, while concentration in low‑margin lead sales increases sensitivity to pricing pressure and demand cycles.
Breaks down where EverQuote makes money—such as lead sales to insurers, subscription or platform services, and any advertising or agency revenue—revealing which businesses drive growth and profit. A rising share of higher‑margin or recurring segments points to better earnings quality and sustainability, while concentration in low‑margin lead sales increases sensitivity to pricing pressure and demand cycles.
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The Fly
The FlyEverQuote (EVER) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$879.38M
Dividend YieldN/A
Average Volume (3M)695.48K
Price to Earnings (P/E)8.2
Beta (1Y)1.14
Revenue Growth24.49%
EPS Growth181.60%
CountryUS
Employees324
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)3.04
Shares Outstanding31,769,000
10 Day Avg. Volume635,390
30 Day Avg. Volume695,478
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)4.10
Price to Sales (P/S)1.41
P/FCF Ratio10.80
Enterprise Value/Market Cap0.77
Enterprise Value/Revenue0.94
Enterprise Value/Gross Profit0.96
Enterprise Value/Ebitda8.33
Forecast
1Y Price Target
$25.00Price Target Upside55.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)2.09
Revenue Forecast (FY)$797.87M
EverQuote Business Overview & Revenue Model
Company Description
EverQuote, Inc. operates an online digital platform designed for insurance shoppers across the United States. Through its marketplace, individuals can compare and acquire policies for various needs, including automotive, home, renters, life, and h...
How the Company Makes Money
EverQuote primarily makes money by selling insurance-shopping leads and referrals generated through its online marketplace and marketing channels. When a consumer submits information indicating intent to shop for insurance (e.g., auto insurance), ...
EverQuote Earnings Call Summary
Earnings Call Date:May 04, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 10, 2026
Earnings Call Sentiment Positive
The call was predominantly positive: EverQuote reported strong, above-guidance Q1 results with double-digit revenue growth, record adjusted EBITDA (+30%), improved VMM (~29.3%), record operating cash flow, a net cash balance of $178.5M with no debt, and continued execution on AI-driven productivity and product initiatives. Management provided constructive Q2 guidance (midpoint implying ~21% revenue growth and ~32% adjusted EBITDA growth) and reiterated a path to $1B in revenue over 2–3 years. Key risks and near-term challenges cited include normalization of consumer shopping traffic, ad market competitiveness (which can cause VMM volatility), early-stage LLM/app integration adoption, some revenue concentration, and limited disclosure beyond Q2. Overall, the highlights materially outweigh the lowlights, and management presented a confident, growth-and-profitability-focused outlook.Positive Updates
Record Adjusted EBITDA and Margin Expansion
Adjusted EBITDA increased 30% year-over-year to a record $29.3 million, representing a 15.4% adjusted EBITDA margin; management emphasized continued year-over-year adjusted EBITDA growth and strong cash generation.
Negative Updates
Normalization of Consumer Shopping/Traffic
Management indicated search and shopping levels are starting to normalize from previously elevated levels; while value per referral is higher, overall traffic volumes may moderate which could affect growth dynamics.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Adjusted EBITDA and Margin Expansion
Adjusted EBITDA increased 30% year-over-year to a record $29.3 million, representing a 15.4% adjusted EBITDA margin; management emphasized continued year-over-year adjusted EBITDA growth and strong cash generation.
Read all positive updates
Company Guidance
EverQuote guided Q2 2026 revenue of $185–$195 million (midpoint implying ~21% YoY growth), VMD of $55–$57 million (midpoint ≈23% YoY) and adjusted EBITDA of $28–$30 million (midpoint ≈32% YoY). Management framed that outlook against Q1 results of $190.9M revenue, $55.9M VMD, record adjusted EBITDA of $29.3M (15.4% margin; +30% YoY), GAAP net income of $18.7M, operating cash flow of $29.6M and cash of $178.5M with no debt, reiterated a path to $1 billion in revenues in 2–3 years, noted expected variable marketing margin in the high‑20s (roughly 27–29%), and signaled ongoing share repurchases (Q1 buybacks roughly offsetting ~7.5% dilution).EverQuote Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
86
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 716.74M | 692.52M | 500.19M | 287.92M | 404.13M | 418.51M |
| Gross Profit | 698.48M | 673.15M | 479.27M | 265.47M | 380.15M | 394.57M |
| EBITDA | 80.89M | 65.63M | 39.68M | -22.36M | -23.07M | -15.79M |
| Net Income | 109.99M | 99.31M | 32.17M | -51.29M | -24.42M | -19.43M |
Balance Sheet | ||||||
| Total Assets | 323.97M | 326.91M | 210.53M | 110.92M | 156.52M | 143.61M |
| Cash, Cash Equivalents and Short-Term Investments | 29.60M | 95.38M | 102.12M | 37.96M | 30.84M | 34.85M |
| Total Debt | 2.25M | 2.57M | 3.63M | 2.16M | 6.44M | 8.23M |
| Total Liabilities | 83.11M | 88.87M | 75.16M | 30.02M | 49.03M | 58.48M |
| Stockholders Equity | 240.87M | 238.04M | 135.37M | 80.91M | 107.49M | 85.13M |
Cash Flow | ||||||
| Free Cash Flow | 98.84M | 90.32M | 62.45M | -6.67M | -20.08M | 4.33M |
| Operating Cash Flow | 101.67M | 95.38M | 66.57M | -2.83M | -15.79M | 7.19M |
| Investing Cash Flow | -5.46M | -5.06M | -4.11M | 9.35M | -4.29M | -18.82M |
| Financing Cash Flow | -42.67M | -21.06M | 1.71M | 577.00K | 15.84M | 3.62M |
EverQuote Technical Analysis
Positive
16.10
Price Trends
19.30
Positive
17.54
Positive
20.77
Positive
Market Momentum
1.43
Negative
79.32
Negative
97.24
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVER, the sentiment is Positive. The current price of 16.1 is below the 20-day moving average (MA) of 21.10, below the 50-day MA of 19.30, and below the 200-day MA of 20.77, indicating a bullish trend. The MACD of 1.43 indicates Negative momentum. The RSI at 79.32 is Negative, neither overbought nor oversold. The STOCH value of 97.24 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EVER.
EverQuote Risk Analysis
EverQuote disclosed 33 risk factors in its most recent earnings report. EverQuote reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
EverQuote Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | $879.38M | 8.18 | 53.39% | ― | 24.49% | 181.60% | |
75 Outperform | $1.40B | 13.40 | 11.91% | ― | 9.62% | 880.15% | |
64 Neutral | $873.38M | -20.27 | -10.32% | ― | 6.78% | 52.54% | |
62 Neutral | $837.37M | 19.19 | -568.82% | ― | 15.66% | 138.39% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | $245.11M | 13.47 | 2.06% | ― | -9.14% | -60.63% | |
53 Neutral | $360.40M | -17.21 | -3.62% | 7.14% | -1.77% | -152.61% |
* Communication Services Sector Average
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EverQuote Corporate Events
Executive/Board ChangesShareholder Meetings
EverQuote Shareholders Approve Governance Changes and Auditor
Neutral
Jun 5, 2026
At its recent annual meeting, EverQuote’s stockholders re-elected directors David Blundin, Sanju Bansal, Paul Deninger, Jayme Mendal, George Neble, John Shields and Mira Wilczek to the board, each to serve until the 2027 annual meeting or un...
Business Operations and StrategyStock BuybackFinancial Disclosures
EverQuote Shares Strong Q1 Results and AI-Driven Growth
Positive
May 4, 2026
EverQuote reported strong first quarter 2026 results on May 4, 2026, with revenue rising 15% year over year to $190.9 million, led by $172.4 million from automotive insurance and $18.5 million from home and renters, which grew 13% and 33% respecti...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.