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EverQuote
(NASDAQ:EVER)
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Rating:84Outperform
Price Target:
$32.00
▲(27.80% Upside)
Action:Reiterated
Date:07/21/26
Score is driven primarily by strong financial performance (profitability and free cash flow turnaround plus a very low-leverage balance sheet) and a constructive earnings outlook with above-guidance execution and positive Q2 growth/EBITDA guidance. Valuation is supportive due to a low P/E. Technicals are positive trend-wise, but overbought momentum indicators temper the score due to higher near-term pullback risk.
Positive Factors
Conservative balance sheet
A net-cash, low-leverage balance sheet provides durable financial flexibility: it funds buybacks, AI/product investment and M&A optionality, and cushions operating cash flow swings. This reduces insolvency risk and supports multi-quarter execution even if top-line softens.
Negative Factors
Revenue concentration
Heavy reliance on a few large carrier buyers creates lumpy revenue and execution risk: if a major partner reduces spend, reported growth and monetization can fall quickly. Concentration undermines predictability of cash flow and lengthens the path to sustainable, diversified scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A net-cash, low-leverage balance sheet provides durable financial flexibility: it funds buybacks, AI/product investment and M&A optionality, and cushions operating cash flow swings. This reduces insolvency risk and supports multi-quarter execution even if top-line softens.
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
$885.75M
Dividend YieldN/A
Average Volume (3M)686.94K
Price to Earnings (P/E)8.2
Beta (1Y)1.22
Revenue Growth24.49%
EPS Growth181.60%
CountryUS
Employees356
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)3.04
Shares Outstanding31,769,000
10 Day Avg. Volume674,181
30 Day Avg. Volume686,938
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$25.00Price Target Upside-0.16% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)2.1
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 03, 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
Balance Sheet
Cash Flow
| 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
25.04
Price Trends
21.87
Positive
19.16
Positive
20.95
Positive
Market Momentum
1.14
Positive
55.50
Neutral
13.84
Positive
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 25.04 is below the 20-day moving average (MA) of 25.34, above the 50-day MA of 21.87, and above the 200-day MA of 20.95, indicating a bullish trend. The MACD of 1.14 indicates Positive momentum. The RSI at 55.50 is Neutral, neither overbought nor oversold. The STOCH value of 13.84 is Positive, 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 | $885.75M | 8.24 | 53.39% | ― | 24.49% | 181.60% | |
75 Outperform | $1.32B | 12.57 | 11.91% | ― | 9.62% | 880.15% | |
64 Neutral | $835.24M | -19.38 | -10.32% | ― | 6.78% | 52.54% | |
62 Neutral | $818.66M | 18.76 | -568.82% | ― | 15.66% | 138.39% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | $223.68M | 12.29 | 2.06% | ― | -9.14% | -60.63% | |
51 Neutral | $205.00M | -9.79 | -3.62% | 24.73% | -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...
Stock BuybackBusiness Operations and StrategyFinancial 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.