Greenwich Concours Celebrates 30th Anniversary with Iconic Automobiles
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Source: PRnewswire
- Event Highlights: The Greenwich Concours, celebrating its 30th anniversary from May 29 to 31, is set to attract numerous automotive enthusiasts, showcasing over 300 rare classic cars, thereby enhancing the local automotive culture's influence.
- Schedule of Events: The weekend features a Grand Tour on Friday, a Concours de Sport on Saturday, and a Concours d'Elegance on Sunday, with 17 judged classes that highlight the pinnacle of automotive design, performance, and innovation, drawing participation from various manufacturers and enthusiasts.
- Special Guest: 2026 Grand Marshal Paul Russell will showcase his restored classics, including the 1938 Bugatti Type 57SC Atlantic and the 1930 Mercedes-Benz SSK, underscoring his excellence in automotive restoration and further elevating the event's professionalism and appeal.
- Community Engagement: The event supports several nonprofit organizations and includes a Junior Judging program for 50 local youth, aimed at fostering their interest in automotive technology and design, thereby enhancing community involvement and educational significance.
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Analyst Views on HGTY
Wall Street analysts forecast HGTY stock price to rise
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 10.950
Low
11.00
Averages
13.50
High
15.00
Current: 10.950
Low
11.00
Averages
13.50
High
15.00
About HGTY
Hagerty, Inc. is an automotive enthusiast brand and specialty vehicle insurance provider. It is engaged in providing insurance for collector cars and enthusiast vehicles, helping the automotive enthusiast community protect and enjoy their special cars. Through its insurance business, the Company acts as a Managing General Agent (MGA) by underwriting, selling, and servicing collector car and enthusiast vehicle insurance policies on behalf of its insurance carrier partners. In addition, the Company offers Hagerty Drivers Club (HDC) memberships, which are primarily bundled with its insurance policies and give subscribers access to an array of products and services, including emergency roadside assistance, Hagerty Drivers Club Magazine, automotive enthusiast events, its proprietary vehicle valuation tool, and special vehicle-related discounts. The Company provides insurance for approximately 2.8 million collector cars and enthusiast vehicles.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Greenwich Concours Celebrates 30th Anniversary with Iconic Automobiles
- Event Highlights: The Greenwich Concours, celebrating its 30th anniversary from May 29 to 31, is set to attract numerous automotive enthusiasts, showcasing over 300 rare classic cars, thereby enhancing the local automotive culture's influence.
- Schedule of Events: The weekend features a Grand Tour on Friday, a Concours de Sport on Saturday, and a Concours d'Elegance on Sunday, with 17 judged classes that highlight the pinnacle of automotive design, performance, and innovation, drawing participation from various manufacturers and enthusiasts.
- Special Guest: 2026 Grand Marshal Paul Russell will showcase his restored classics, including the 1938 Bugatti Type 57SC Atlantic and the 1930 Mercedes-Benz SSK, underscoring his excellence in automotive restoration and further elevating the event's professionalism and appeal.
- Community Engagement: The event supports several nonprofit organizations and includes a Junior Judging program for 50 local youth, aimed at fostering their interest in automotive technology and design, thereby enhancing community involvement and educational significance.
See More
Broad Arrow Auctions Achieves Record Sales at Concorso d'Eleganza Villa d'Este
- Record Auction Total: Broad Arrow Auctions achieved a remarkable €40.8 million in sales at the 2026 Concorso d'Eleganza Villa d'Este, with an impressive 87% sell-through rate, highlighting strong market demand and buyer enthusiasm.
- Surge in International Bidders: The auction attracted registered bidders from 31 countries, marking over 70% growth compared to 2025, reflecting Broad Arrow's expanding influence in the global collector car market.
- Classic Models in High Demand: The 2023 Ferrari Daytona SP3 sold for €6.25 million, becoming the star of the auction and further solidifying the status of Italian brands in the collector car market.
- Diverse Vehicle Showcase: Featuring 75 classic and modern collector cars, including brands like Ferrari and Lamborghini, the auction demonstrated Broad Arrow's appeal to global collectors and the diversity of the market.
See More
Hagerty, Inc. Reports Strong Q1 2026 Earnings with 18% Premium Growth
- Significant Premium Growth: Hagerty reported written premiums of $289 million in Q1 2026, reflecting an 18% year-over-year increase that exceeds full-year expectations, indicating strong market performance and growth potential.
- Record Policy Additions: The company added a record 112,000 policies in the first quarter, with a 15% increase in policies in force and an industry-leading retention rate of 89%, demonstrating the strength of its customer base and market appeal.
- Surge in Adjusted EBITDA: Adjusted EBITDA jumped 77% to $85 million, showcasing the company's success in cost control and operational efficiency, which lays a solid foundation for future profitability.
- Optimistic Outlook: Management reaffirmed its full-year guidance for 2026, anticipating written premium growth of 15% to 16% and adjusted EBITDA between $236 million and $247 million, reflecting confidence in future performance and ongoing market expansion plans.
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Hagerty Q1 Earnings: Revenue Decline but EBITDA Surge
- Earnings Overview: Hagerty's Q1 report reveals a Non-GAAP EPS of -$0.04 and revenue of $312 million, reflecting a 5% year-over-year decline, indicating competitive pressures in the market.
- EBITDA Surge: Despite the revenue drop, adjusted EBITDA increased by 77% to $85 million, showcasing significant improvements in cost control and operational efficiency within the company.
- 2026 Outlook: Hagerty anticipates a total revenue decline of 11% to 12% for 2026, with a projected net loss ranging from $51 million to $41 million, highlighting ongoing challenges ahead.
- Premium Growth Expectations: The company expects written premium growth of 15% to 16% in 2026, with a new fronting deal with Markel reshaping revenue, potentially laying the groundwork for future recovery.
See More
Hagerty Reports Strong Q1 2026 Financial Results
- Significant Premium Growth: Hagerty achieved an 18% increase in written premiums in Q1 2026, surpassing full-year expectations, while earned premiums grew by 42%, indicating the company's sustained competitiveness in the insurance market and potential for future profitability.
- Record Auction Sales: Broad Arrow set a record with $111 million in sales during Amelia Car Week, achieving a 92% sell-through rate, which not only enhances brand image but also builds customer trust, further solidifying Hagerty's position among car enthusiasts.
- Optimistic Financial Outlook: Hagerty reaffirmed its expectation for sustained compounding growth in 2026, projecting total written premiums between $1.373 billion and $1.385 billion, reflecting confidence in long-term strategic execution, particularly in maintaining a 100% quota share with Markel.
- Ongoing Technology Investments: Hagerty plans to enhance operational efficiency through investments in its technology platform, and despite facing transitional costs, it expects to achieve higher profitability in 2026, showcasing the company's long-term growth potential in the market.
See More
Broad Arrow's 2026 Porsche Auction Achieves Record Sales
- Total Auction Sales: The 2026 Porsche Air|Water Auction achieved total sales of $20 million, marking Broad Arrow's best performance in this series with an 84% sell-through rate, indicating strong demand for luxury vehicles and solidifying the company's leadership in the high-end auction market.
- Star Lot Performance: The 2015 Porsche 918 Spyder Weissach topped the auction with a final sale price of $4.68 million, showcasing the investment potential of high-end automobiles while attracting new bidders, with nearly 50% of participants being first-time bidders.
- Unique Model Appeal: The 1990 and 1992 Porsche 911s reimagined by Singer sold for $1,022,500 and $1,160,000 respectively, demonstrating the ongoing allure of bespoke models in the collector market, reflecting consumer preferences for personalization and rarity.
- Future Auction Plans: Broad Arrow is set to return to Lake Como, Italy, on May 16-17 for its second annual official auction of the Concorso d'Eleganza Villa d'Este, expected to attract more high-end buyers and further enhance brand influence and market share.
See More
Greenwich Concours Celebrates 30th Anniversary with Iconic Automobiles
- Event Highlights: The Greenwich Concours, celebrating its 30th anniversary from May 29 to 31, is set to attract numerous automotive enthusiasts, showcasing over 300 rare classic cars, thereby enhancing the local automotive culture's influence.
- Schedule of Events: The weekend features a Grand Tour on Friday, a Concours de Sport on Saturday, and a Concours d'Elegance on Sunday, with 17 judged classes that highlight the pinnacle of automotive design, performance, and innovation, drawing participation from various manufacturers and enthusiasts.
- Special Guest: 2026 Grand Marshal Paul Russell will showcase his restored classics, including the 1938 Bugatti Type 57SC Atlantic and the 1930 Mercedes-Benz SSK, underscoring his excellence in automotive restoration and further elevating the event's professionalism and appeal.
- Community Engagement: The event supports several nonprofit organizations and includes a Junior Judging program for 50 local youth, aimed at fostering their interest in automotive technology and design, thereby enhancing community involvement and educational significance.
See More
Broad Arrow Auctions Achieves Record Sales at Concorso d'Eleganza Villa d'Este
- Record Auction Total: Broad Arrow Auctions achieved a remarkable €40.8 million in sales at the 2026 Concorso d'Eleganza Villa d'Este, with an impressive 87% sell-through rate, highlighting strong market demand and buyer enthusiasm.
- Surge in International Bidders: The auction attracted registered bidders from 31 countries, marking over 70% growth compared to 2025, reflecting Broad Arrow's expanding influence in the global collector car market.
- Classic Models in High Demand: The 2023 Ferrari Daytona SP3 sold for €6.25 million, becoming the star of the auction and further solidifying the status of Italian brands in the collector car market.
- Diverse Vehicle Showcase: Featuring 75 classic and modern collector cars, including brands like Ferrari and Lamborghini, the auction demonstrated Broad Arrow's appeal to global collectors and the diversity of the market.
See More
Hagerty, Inc. Reports Strong Q1 2026 Earnings with 18% Premium Growth
- Significant Premium Growth: Hagerty reported written premiums of $289 million in Q1 2026, reflecting an 18% year-over-year increase that exceeds full-year expectations, indicating strong market performance and growth potential.
- Record Policy Additions: The company added a record 112,000 policies in the first quarter, with a 15% increase in policies in force and an industry-leading retention rate of 89%, demonstrating the strength of its customer base and market appeal.
- Surge in Adjusted EBITDA: Adjusted EBITDA jumped 77% to $85 million, showcasing the company's success in cost control and operational efficiency, which lays a solid foundation for future profitability.
- Optimistic Outlook: Management reaffirmed its full-year guidance for 2026, anticipating written premium growth of 15% to 16% and adjusted EBITDA between $236 million and $247 million, reflecting confidence in future performance and ongoing market expansion plans.
See More
Hagerty Q1 Earnings: Revenue Decline but EBITDA Surge
- Earnings Overview: Hagerty's Q1 report reveals a Non-GAAP EPS of -$0.04 and revenue of $312 million, reflecting a 5% year-over-year decline, indicating competitive pressures in the market.
- EBITDA Surge: Despite the revenue drop, adjusted EBITDA increased by 77% to $85 million, showcasing significant improvements in cost control and operational efficiency within the company.
- 2026 Outlook: Hagerty anticipates a total revenue decline of 11% to 12% for 2026, with a projected net loss ranging from $51 million to $41 million, highlighting ongoing challenges ahead.
- Premium Growth Expectations: The company expects written premium growth of 15% to 16% in 2026, with a new fronting deal with Markel reshaping revenue, potentially laying the groundwork for future recovery.
See More
Hagerty Reports Strong Q1 2026 Financial Results
- Significant Premium Growth: Hagerty achieved an 18% increase in written premiums in Q1 2026, surpassing full-year expectations, while earned premiums grew by 42%, indicating the company's sustained competitiveness in the insurance market and potential for future profitability.
- Record Auction Sales: Broad Arrow set a record with $111 million in sales during Amelia Car Week, achieving a 92% sell-through rate, which not only enhances brand image but also builds customer trust, further solidifying Hagerty's position among car enthusiasts.
- Optimistic Financial Outlook: Hagerty reaffirmed its expectation for sustained compounding growth in 2026, projecting total written premiums between $1.373 billion and $1.385 billion, reflecting confidence in long-term strategic execution, particularly in maintaining a 100% quota share with Markel.
- Ongoing Technology Investments: Hagerty plans to enhance operational efficiency through investments in its technology platform, and despite facing transitional costs, it expects to achieve higher profitability in 2026, showcasing the company's long-term growth potential in the market.
See More
Broad Arrow's 2026 Porsche Auction Achieves Record Sales
- Total Auction Sales: The 2026 Porsche Air|Water Auction achieved total sales of $20 million, marking Broad Arrow's best performance in this series with an 84% sell-through rate, indicating strong demand for luxury vehicles and solidifying the company's leadership in the high-end auction market.
- Star Lot Performance: The 2015 Porsche 918 Spyder Weissach topped the auction with a final sale price of $4.68 million, showcasing the investment potential of high-end automobiles while attracting new bidders, with nearly 50% of participants being first-time bidders.
- Unique Model Appeal: The 1990 and 1992 Porsche 911s reimagined by Singer sold for $1,022,500 and $1,160,000 respectively, demonstrating the ongoing allure of bespoke models in the collector market, reflecting consumer preferences for personalization and rarity.
- Future Auction Plans: Broad Arrow is set to return to Lake Como, Italy, on May 16-17 for its second annual official auction of the Concorso d'Eleganza Villa d'Este, expected to attract more high-end buyers and further enhance brand influence and market share.
See More
