HGTY Stock - Hagerty, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.19B | $1.01B | $829.49M | $576.54M | $499.55M |
| Gross Profit | $591.18M | $539.29M | $455.94M | $313.48M | $499.55M |
| Gross Margin | 49.6% | 53.3% | 55.0% | 54.4% | 100.0% |
| Operating Income | $93.68M | $44.77M | $11.10M | $-54,603,000 | $15.85M |
| Net Income | $17.02M | $20.23M | $32.08M | $-46,358,000 | $10.17M |
| Net Margin | 1.4% | 2.0% | 3.9% | -8.0% | 2.0% |
| EPS | $0.10 | $0.38 | $0.05 | $-0.75 | $0.12 |
Hagerty, Inc. provides insurance agency services worldwide. It offers automobile and boat insurance products; and reinsurance products. The company also provides Hagerty Media, which publishes contents through the HDC Magazine, video content, YouTube channel; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts; HVT, a valuation tool used by the customer to access current and historic pricing data of collector car, truck, SUV, and motorcycle models; and Hagerty Events, an eclectic mix of small and large events. In addition, it offers DriveShare, a peer-to-peer rental platform for collector and cool vehicles; Motorsport Reg, a motorsport membership, licensing, and event online management system that automates event listings, registration, and payment processing for various motorsport events; and Hagerty Garage + Social, a platform that provides clubhouses and car storage facilities. The company is headquartered in Traverse City, Michigan.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 1st 2025 | Citizens JMP | Initiation | Mkt Outperform | $15 |
| September 22nd 2025 | BMO Capital Markets | Initiation | Market Perform | $13 |
| September 17th 2025 | Oppenheimer | Initiation | Outperform | $15 |
| August 27th 2025 | Keefe Bruyette | Initiation | Outperform | $14 |
| December 26th 2024 | Raymond James | Downgrade | Underperform | - |
| January 11th 2024 | JP Morgan | Initiation | Neutral | $9 |
Earnings History & Surprises
HGTYEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Mar 3, 2026 | $0.03 | — | — | — |
Q4 2025 | Nov 4, 2025 | $0.09 | $0.13 | +44.4% | ✓ BEAT |
Q3 2025 | Aug 4, 2025 | $0.11 | $0.13 | +18.2% | ✓ BEAT |
Q2 2025 | May 7, 2025 | $0.02 | $0.08 | +300.0% | ✓ BEAT |
Q1 2025 | Mar 4, 2025 | $0.01 | $0.02 | +100.0% | ✓ BEAT |
Q4 2024 | Nov 7, 2024 | $0.08 | $0.05 | -37.5% | ✗ MISS |
Q3 2024 | Aug 6, 2024 | $0.38 | $0.09 | -76.3% | ✗ MISS |
Q2 2024 | May 7, 2024 | $-0.09 | $0.04 | +144.4% | ✓ BEAT |
Q1 2024 | Mar 12, 2024 | $-0.00 | $-0.01 | -228.9% | ✗ MISS |
Q4 2023 | Nov 8, 2023 | $0.07 | $0.05 | -33.3% | ✗ MISS |
Q3 2023 | Aug 8, 2023 | $0.14 | $0.05 | -64.7% | ✗ MISS |
Q2 2023 | May 9, 2023 | $-0.02 | $-0.04 | -88.0% | ✗ MISS |
Q1 2023 | Mar 14, 2023 | $-0.08 | $-0.10 | -25.0% | ✗ MISS |
Q4 2022 | Nov 10, 2022 | $0.07 | $-0.06 | -185.7% | ✗ MISS |
Q3 2022 | Aug 10, 2022 | — | $-0.07 | — | — |
Q2 2022 | May 9, 2022 | — | $-0.01 | — | — |
Q1 2022 | Mar 24, 2022 | — | $-0.56 | — | — |
Q4 2021 | Nov 12, 2021 | — | $-0.01 | — | — |
Q3 2021 | Aug 10, 2021 | — | $0.15 | — | — |
Q2 2021 | May 13, 2021 | — | $-0.08 | — | — |
Latest News
Keefe, Bruyette & Woods Maintains Outperform on Hagerty, Raises Price Target to $15
📈 PositiveHagerty Raises FY2025 Sales Guidance from $1.356B-$1.368B to $1.368B-$1.380B vs $1.365B Est
📈 PositiveHagerty Q3 2025 Adj. EPS $0.13 Beats $0.08 Estimate, Sales $379.994M Beat $354.750M Estimate
📈 PositiveHagerty Enters New Partnership With Liberty Mutual Insurance To Provide Enhanced Collectible Car Insurance Offerings To Liberty Mutual And Safeco Customers
📈 PositiveHagerty's Broad Arrow Auctions Becomes Exclusive Auction Partner For Audrain Newport Concours & Motor Week Under Partnership With Audrain Concours Foundation, Audrain Motorspor
📈 PositiveJP Morgan Maintains Neutral on Hagerty, Raises Price Target to $12
➖ NeutralWells Fargo Initiates Coverage On Hagerty with Equal-Weight Rating, Announces Price Target of $13
➖ NeutralJMP Securities Initiates Coverage On Hagerty with Market Outperform Rating, Announces Price Target of $15
📈 PositiveBMO Capital Initiates Coverage On Hagerty with Market Perform Rating, Announces Price Target of $13
➖ NeutralOppenheimer Initiates Coverage On Hagerty with Outperform Rating, Announces Price Target of $15
📈 PositiveEvercore ISI Group Initiates Coverage On Hagerty with Outperform Rating, Announces Price Target of $14
📈 PositiveHagerty Holding and Aldel to sell 8.7M shares in secondary offering; shares down
📉 NegativeFrequently Asked Questions about HGTY
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