EarningsMediaAlpha's Q3 results came in well ahead of guidance, with Transaction Value, Revenue, and adj. EBITDA all decisively ahead of expectations, as the Auto insurance recovery continues its momentum.
Stock PerformanceMAX stock has been drifting steadily higher since bottoming in July and reporting strong Q2 results in August, and these Q3 metrics should support continued momentum for the shares.
ValuationMediaAlpha is clearly benefiting from a sharp recovery in Auto and still trades at a very reasonable valuation relative to its rapidly improving growth and profitability profile.