Everquote (EVER)
NASDAQ:EVER
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EverQuote
(NASDAQ:EVER)
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Rating:74Outperform
Price Target:
$17.50
▲(14.01% Upside)
Action:UpgradedDate:02/25/26
Score is driven by materially improved fundamentals (profitability, cash flow, and a low-leverage balance sheet) and supportive valuation (low P/E). The primary offset is weak technical momentum with the stock well below key moving averages despite oversold signals; earnings call positives are tempered by near-term margin pressure and concentration/ad-cost risks.
Positive Factors
Revenue Growth
Sustained high single-digit to high double-digit top-line growth in 2025 demonstrates scalable marketplace demand and successful customer acquisition. Persistent revenue expansion increases network effects, improves bargaining power with carriers, and supports reinvestment in product and distribution over multiple years.
Negative Factors
Vertical Concentration Risk
Heavy dependence on the auto vertical concentrates revenue exposure to insurers' auto pricing cycles, regulatory shifts, or competitive changes. Until diversification meaningfully increases, macro or carrier retrenchment in auto could materially depress lead demand and revenue stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained high single-digit to high double-digit top-line growth in 2025 demonstrates scalable marketplace demand and successful customer acquisition. Persistent revenue expansion increases network effects, improves bargaining power with carriers, and supports reinvestment in product and distribution over multiple years.
Read all positive factors
EverQuote (EVER) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$553.06M
Dividend YieldN/A
Average Volume (3M)978.83K
Price to Earnings (P/E)9.8
Beta (1Y)1.05
Revenue Growth57.83%
EPS Growth293.63%
CountryUS
Employees324
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)1.54
Shares Outstanding32,425,404
10 Day Avg. Volume809,239
30 Day Avg. Volume978,832
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 Cap0.83
Enterprise Value/Revenue0.67
Enterprise Value/Gross Profit0.68
Enterprise Value/Ebitda6.37
Forecast
1Y Price Target
$23.83Price Target Upside55.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)1.99
Revenue Forecast (FY)$778.56M
EverQuote Business Overview & Revenue Model
Company Description
EverQuote, Inc. operates an online marketplace for insurance shopping in the United States. The company's online marketplace offers consumers shopping for auto, home and renters, life, and health insurance. It serves carriers and agents, as well a...
How the Company Makes Money
EverQuote generates revenue primarily through a performance-based marketing model. The company earns money by selling leads to insurance providers, who pay for each qualified lead generated through the EverQuote platform. This model allows insurer...
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.
Data provided by:
The Fly
The FlyEverQuote Earnings Call Summary
Earnings Call Date:Feb 23, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 11, 2026
Earnings Call Sentiment Positive
The call conveyed strong positive momentum: record revenue and adjusted EBITDA growth, substantial operating leverage from AI and technology, solid cash generation and a clean balance sheet. Management acknowledged near-term variability driven by strategic traffic investments and a measured carrier spend pattern into Q1, plus external risks like ad-cost volatility and concentration in auto. Overall, the positives (robust growth, margin expansion, AI-led product progress, and balance sheet strength) materially outweigh the temporary and manageable headwinds discussed.Positive Updates
Record Full-Year Revenue and Strong Q4
Full-year 2025 revenue grew 38% year-over-year to $692.5M; Q4 2025 revenue was a record $195.3M, up 32% year-over-year and a record 12% sequential increase from Q3, breaking historical seasonality.
Negative Updates
Temporary Margin Pressure from Q4 Traffic Investments
Q4 investments to scale new and higher-funnel traffic channels increased VMD to $49.3M (+12% YoY) and reduced Q4 VMM to 25.3%, putting temporary pressure on Q4 adjusted EBITDA and margin while programs 'burn in' toward steady-state.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Full-Year Revenue and Strong Q4
Full-year 2025 revenue grew 38% year-over-year to $692.5M; Q4 2025 revenue was a record $195.3M, up 32% year-over-year and a record 12% sequential increase from Q3, breaking historical seasonality.
Read all positive updates
Company Guidance
EverQuote guided Q1 2026 revenue of $175–$185 million, variable marketing dollars (VMD) of $49–$52 million (implying a VMM midpoint of ~28%), and adjusted EBITDA of $23.5–$26.5 million. For context, management closed 2025 with record results — FY revenue $692.5M (+38% YoY), Q4 revenue $195.3M (+32%), FY adjusted EBITDA $94.6M (+62%) with a 13.7% margin (Q4 adj. EBITDA $25.1M, 12.8% margin), FY VMD $191.9M (27.7% VMM), operating cash flow $95.4M, cash of $171.4M and no debt, and a $50M repurchase program ($30M executed). They reiterated a $1B revenue target in 2–3 years (implying ~13–21% top-line growth), expect at least 20% EBITDA dollar growth in 2026, and continue to target 100–150 bps of EBITDA margin expansion (closer to ~100 bps for 2026).EverQuote Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
83
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 692.52M | 500.19M | 287.92M | 404.13M | 418.51M |
| Gross Profit | 673.15M | 479.27M | 265.47M | 380.15M | 394.57M |
| EBITDA | 65.63M | 37.42M | -22.36M | -23.07M | -15.79M |
| Net Income | 99.31M | 32.17M | -51.29M | -24.42M | -19.43M |
Balance Sheet | |||||
| Total Assets | 326.91M | 210.53M | 110.92M | 156.52M | 143.61M |
| Cash, Cash Equivalents and Short-Term Investments | 95.38M | 102.12M | 37.96M | 30.84M | 34.85M |
| Total Debt | 2.57M | 3.63M | 2.16M | 6.44M | 8.23M |
| Total Liabilities | 88.87M | 75.16M | 30.02M | 49.03M | 58.48M |
| Stockholders Equity | 238.04M | 135.37M | 80.91M | 107.49M | 85.13M |
Cash Flow | |||||
| Free Cash Flow | 90.32M | 62.45M | -6.67M | -20.08M | 4.33M |
| Operating Cash Flow | 95.38M | 66.57M | -2.83M | -15.79M | 7.19M |
| Investing Cash Flow | -5.06M | -4.11M | 9.35M | -4.29M | -18.82M |
| Financing Cash Flow | -21.06M | 1.71M | 577.00K | 15.84M | 3.62M |
EverQuote Technical Analysis
Negative
15.35
Price Trends
16.94
Negative
21.50
Negative
22.44
Negative
Market Momentum
-0.52
Negative
43.43
Neutral
33.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVER, the sentiment is Negative. The current price of 15.35 is below the 20-day moving average (MA) of 15.72, below the 50-day MA of 16.94, and below the 200-day MA of 22.44, indicating a bearish trend. The MACD of -0.52 indicates Negative momentum. The RSI at 43.43 is Neutral, neither overbought nor oversold. The STOCH value of 33.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $553.06M | 9.83 | 54.21% | ― | 57.83% | 293.63% | |
65 Neutral | $602.87M | 14.82 | 7.88% | 7.14% | 13.06% | 66.19% | |
61 Neutral | $910.52M | 33.98 | 4.51% | ― | 10.96% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | $281.54M | 13.76 | 4.41% | ― | -13.14% | 17.25% | |
56 Neutral | $602.39M | 28.43 | -477.82% | ― | 64.86% | -112.92% | |
51 Neutral | $546.69M | -14.97 | -12.56% | ― | 6.65% | 50.32% |
* Communication Services Sector Average
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EverQuote Corporate Events
Business Operations and StrategyStock BuybackFinancial Disclosures
EverQuote Reports Record 2025 Results, Issues Strong Outlook
Positive
Feb 23, 2026
On February 23, 2026, EverQuote reported record fourth quarter and full-year 2025 results, with Q4 revenue up 32% year over year to $195.3 million and full-year revenue up 38% to $692.5 million, driven largely by strong growth in its automotive an...
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.