EverQuote (NASDAQ:EVER) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

EverQuote (NASDAQ:EVER) announced its earnings results on Monday. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.08, Zacks reports. The business had revenue of $190.85 million for the quarter, compared to the consensus estimate of $180.10 million. EverQuote had a net margin of 14.34% and a return on equity of 57.65%. The business’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 earnings per share.

Here are the key takeaways from EverQuote’s conference call:

• EverQuote reported strong Q1 results with total revenue of $190.9 million (up 15% YoY) and record Adjusted EBITDA of $29.3 million (up 30% YoY), plus record operating cash flow of $29.6 million.
• The company is rapidly adopting agentic AI—revenue per employee has nearly tripled since Q1 2023—and is rolling out AI products like an AI cockpit and Smart Campaigns to boost productivity and customer outcomes.
• Management guided Q2 revenue of $185–195 million, VMD of $55–57 million and Adjusted EBITDA of $28–30 million, and reaffirmed a goal to reach $1 billion in revenue within 2–3 years.
• Demand from carriers remains strong with broad-based spending increases (one carrier more than doubled spend late in Q1) and roughly 80% of top carriers still below peak quarterly spend, implying room for upside.
• Balance sheet and capital allocation remain conservative: no debt, cash and equivalents of $178.5 million, and ~ $19.9 million of share repurchases in Q1, with buybacks and selective M&A as potential uses of capital.

EverQuote Price Performance

Shares of NASDAQ:EVER opened at $14.61 on Tuesday. The business’s 50 day moving average price is $15.85 and its 200-day moving average price is $20.79. The firm has a market capitalization of $526.40 million, a PE ratio of 5.53 and a beta of 0.56. EverQuote has a 1 year low of $13.88 and a 1 year high of $28.73.

Insiders Place Their Bets

In other news, CAO Jon Ayotte sold 1,730 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $15.56, for a total transaction of $26,918.80. Following the completion of the sale, the chief accounting officer owned 86,202 shares of the company’s stock, valued at $1,341,303.12. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jayme Mendal sold 14,360 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $14.98, for a total transaction of $215,112.80. Following the sale, the chief executive officer directly owned 541,777 shares of the company’s stock, valued at $8,115,819.46. The trade was a 2.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,095 shares of company stock valued at $272,489 in the last ninety days. Insiders own 25.52% of the company’s stock.

Institutional Investors Weigh In On EverQuote

A number of large investors have recently modified their holdings of EVER. Vanguard Group Inc. increased its holdings in shares of EverQuote by 6.0% in the third quarter. Vanguard Group Inc. now owns 2,201,338 shares of the company’s stock valued at $50,345,000 after purchasing an additional 123,728 shares during the last quarter. Lazard Asset Management LLC grew its position in EverQuote by 81.7% in the fourth quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock worth $24,333,000 after acquiring an additional 405,237 shares during the period. Balyasny Asset Management L.P. grew its position in EverQuote by 27.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 875,702 shares of the company’s stock worth $23,644,000 after acquiring an additional 188,335 shares during the period. Qube Research & Technologies Ltd grew its position in EverQuote by 27.3% in the second quarter. Qube Research & Technologies Ltd now owns 800,114 shares of the company’s stock worth $19,347,000 after acquiring an additional 171,787 shares during the period. Finally, Geode Capital Management LLC grew its position in EverQuote by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 741,481 shares of the company’s stock worth $20,023,000 after acquiring an additional 16,348 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Key EverQuote News

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: Q1 beat — EverQuote posted EPS of $0.51 vs. consensus $0.43 and revenue grew ~14.6% year-over-year, signaling solid margin expansion and operating leverage. EverQuote (EVER) Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: Raised near-term guidance — Management gave Q2 revenue guidance of $185M–$195M, above the Street’s ~$180.5M consensus, which supports near-term top-line momentum. EverQuote outlines Q2 revenue
• Positive Sentiment: Longer-term growth ambition — Management is targeting $1 billion in revenue within 2–3 years, which, if achievable, implies substantial upside to current consensus and supports a growth re-rate thesis. EverQuote outlines Q2 revenue
• Positive Sentiment: Market reaction — News outlets and headlines (MSN, others) reported a strong Q1 beat and described a ~19% intraday jump, reflecting investor enthusiasm. EverQuote delivers impressive Q1
• Neutral Sentiment: Earnings call detail — The earnings call/transcript discusses channel mix, marketing efficiency and product momentum; these qualitative items support the numbers but require follow-up to confirm sustainable gains. Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Company press release and filings — The GlobeNewswire release provides the formal results and metrics for modeling; no material surprises beyond beats and guidance. First Quarter 2026 Financial Results
• Negative Sentiment: Valuation/technicals — Despite the beat, EVER remains below its 50- and 200-day moving averages and near its 1-year low, and the stock trades at a low P/E that could reflect persistent risk or investor skepticism. EverQuote Stock Overview
• Negative Sentiment: Execution risk — Hitting a $1B revenue target in 2–3 years requires sustained marketing ROI, channel scaling and retention; any slowdown in lead quality or advertiser spend could pressure results. EverQuote outlines Q2 revenue

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EVER. Zacks Research cut shares of EverQuote from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Canaccord Genuity Group lowered their price objective on shares of EverQuote from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. JPMorgan Chase & Co. lowered their price objective on shares of EverQuote from $32.00 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday, February 24th. Raymond James Financial reiterated an “outperform” rating and issued a $18.00 target price on shares of EverQuote in a report on Tuesday, February 17th. Finally, Wall Street Zen downgraded EverQuote from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 4th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.83.

About EverQuote

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.