Hagerty Sees FY26 Adjusted EBITDA of $236M-$247M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Should l Buy HGTY?
Sees FY26 adjusted EBITDA $236M-$247M. "In 2026, we will continue to invest back into our member-centric model to drive durable, compounding growth, with written premiums expected to increase 15% to 16%. 2026 also marks a major milestone for Hagerty as we move to a 100% quota share with our long-term partner, Markel. We believe this evolution, combined with our technology-led efficiency initiatives, positions us to generate even higher rates of underlying profit growth and cash flow for our shareholders over the coming years," added Hagerty.
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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: 10.590
Low
11.00
Averages
13.50
High
15.00
Current: 10.590
Low
11.00
Averages
13.50
High
15.00
About HGTY
Hagerty, Inc. is an automotive enthusiast brand. The Company is a provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events and automotive entertainment custom made for the Americans who self-describe as car enthusiasts. 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. 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. It provides insurance for approximately 2.6 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.
Hagerty (HGTY) Q4 2025 Earnings Call Transcript
See More
Hagerty, Inc. Reports Strong Q4 2025 Earnings Growth
- Significant Revenue Growth: Hagerty reported total revenue of $357 million in Q4 2025, marking a 19% increase year-over-year, with written premiums also up 19%, indicating strong new business momentum and reflecting the company's competitive positioning in the market.
- Substantial Net Income Increase: The company achieved a net income of $149 million for 2025, a remarkable 91% rise, driven by a compounded annual growth rate of 23% over the past four years, underscoring the effectiveness and differentiation of the Hagerty business model.
- Market Share Expansion: Hagerty added a record 371,000 new members, with written premiums growing by 14%, increasing its market share to 7% within a target market of 36 million vehicles, solidifying its position as the second-largest player globally in the automotive insurance sector.
- Positive Outlook: Management anticipates written premium growth accelerating to 15%-16% in 2026, with revenue expectations between $1.28 billion and $1.3 billion due to accounting changes, while remaining focused on long-term strategic investments to ensure sustainable growth.
See More
Hagerty Reports Significant Profit Growth in Q4
- Significant Profit Growth: Hagerty, Inc. reported a fourth-quarter profit of $6.92 million, a substantial increase from $1.23 million in the same period last year, indicating a marked improvement in the company's profitability and reflecting the success of its business model.
- Earnings Per Share Increase: The company's earnings per share rose from $0.01 last year to $0.06, demonstrating effective strategies in cost control and revenue growth, which bolster investor confidence.
- Strong Revenue Growth: Hagerty's quarterly revenue increased by 18.5% to $357.33 million, up from $301.47 million last year, showcasing robust market demand recovery.
- Adjusted Earnings Performance: Excluding items, Hagerty reported adjusted earnings of $30.24 million, or $0.08 per share, further proving the company's solid performance and profitability in its core business.
See More
Hagerty Q4 Earnings Beat Expectations with Significant Revenue Growth
- Earnings Highlights: Hagerty's Q4 non-GAAP EPS of $0.08 exceeded expectations by $0.05, with revenue reaching $357.33 million, an 18.5% year-over-year increase, surpassing estimates by $33.4 million, indicating robust market performance.
- Premium Growth: The written premium for Q4 2025 increased by 19% to $259 million, while the full-year written premium rose by 14% to $1.194 billion, demonstrating the company's sustained competitiveness in the insurance market.
- Commission and Fee Revenue: Q4 commission and fee revenue grew by 18% to $106 million, with a full-year increase of 15% to $486 million, reflecting the company's success in customer service and market expansion.
- 2026 Outlook: Hagerty anticipates a written premium growth of 15% to 16% for 2026, but expects total revenue to decline by 12% to 11% due to the elimination of Markel-related commission revenue under the new fronting arrangement, projecting a net loss between $51 million and $41 million.
See More
Broad Arrow Auctions to Feature Rare Hypercars at Amelia Concours
- Private Collection Showcase: Broad Arrow Auctions is set to unveil a private collection of five hypercars at the 2026 Amelia Concours Auction, featuring modern-era Ferraris and Porsches that highlight exceptional collectible value and market appeal.
- Ferrari Enzo Auction: The 2003 Ferrari Enzo, estimated between $12 million and $16 million, is one of only twelve North American delivery examples in the ultra-rare Nero D.S. color, with less than 450 miles, making it an ideal acquisition for collectors and reflecting the scarcity in the hypercar market.
- Monza SP2 Auction Debut: The 2021 Ferrari Monza SP2, estimated at $4.25 million to $4.75 million, is the first example of this model offered at public auction in the U.S., showcasing the design essence of Ferrari's Icona series and attracting attention from high-end clientele.
- Porsche 959 Historical Significance: The 1988 Porsche 959 Sport, estimated between $4.25 million and $5 million, is one of only 29 lightweight U.S. market examples, showcasing its unique historical background and collectible potential, further enhancing the auction's appeal.
See More
Broad Arrow Partners with The Quail for Auction Events
- Strategic Partnership: Broad Arrow has entered into a multi-year partnership with The Quail, A Motorsports Gathering, becoming the official auction partner, which signifies a pivotal step in Broad Arrow's evolution in the collector car auction space, expected to enhance its market position.
- Auction Event Schedule: Broad Arrow will host a two-day auction at The Quail Golf Club on August 13-14, 2026, showcasing approximately 175 of the most sought-after collector cars, including classics and supercars, aimed at attracting high-end clientele.
- Market Growth Potential: In 2025, Broad Arrow achieved over $624 million in total transaction value, reflecting a 97% increase from 2024, indicating rapid growth and strong market demand, which is likely to draw more international bidders.
- Enhanced Event Experience: This partnership will provide attendees with a richer automotive experience, including world-class cuisine and entertainment, with Broad Arrow's involvement expected to further elevate The Quail's brand value and customer satisfaction.
See More
Hagerty (HGTY) Q4 2025 Earnings Call Transcript
See More
Hagerty, Inc. Reports Strong Q4 2025 Earnings Growth
- Significant Revenue Growth: Hagerty reported total revenue of $357 million in Q4 2025, marking a 19% increase year-over-year, with written premiums also up 19%, indicating strong new business momentum and reflecting the company's competitive positioning in the market.
- Substantial Net Income Increase: The company achieved a net income of $149 million for 2025, a remarkable 91% rise, driven by a compounded annual growth rate of 23% over the past four years, underscoring the effectiveness and differentiation of the Hagerty business model.
- Market Share Expansion: Hagerty added a record 371,000 new members, with written premiums growing by 14%, increasing its market share to 7% within a target market of 36 million vehicles, solidifying its position as the second-largest player globally in the automotive insurance sector.
- Positive Outlook: Management anticipates written premium growth accelerating to 15%-16% in 2026, with revenue expectations between $1.28 billion and $1.3 billion due to accounting changes, while remaining focused on long-term strategic investments to ensure sustainable growth.
See More
Hagerty Reports Significant Profit Growth in Q4
- Significant Profit Growth: Hagerty, Inc. reported a fourth-quarter profit of $6.92 million, a substantial increase from $1.23 million in the same period last year, indicating a marked improvement in the company's profitability and reflecting the success of its business model.
- Earnings Per Share Increase: The company's earnings per share rose from $0.01 last year to $0.06, demonstrating effective strategies in cost control and revenue growth, which bolster investor confidence.
- Strong Revenue Growth: Hagerty's quarterly revenue increased by 18.5% to $357.33 million, up from $301.47 million last year, showcasing robust market demand recovery.
- Adjusted Earnings Performance: Excluding items, Hagerty reported adjusted earnings of $30.24 million, or $0.08 per share, further proving the company's solid performance and profitability in its core business.
See More
Hagerty Q4 Earnings Beat Expectations with Significant Revenue Growth
- Earnings Highlights: Hagerty's Q4 non-GAAP EPS of $0.08 exceeded expectations by $0.05, with revenue reaching $357.33 million, an 18.5% year-over-year increase, surpassing estimates by $33.4 million, indicating robust market performance.
- Premium Growth: The written premium for Q4 2025 increased by 19% to $259 million, while the full-year written premium rose by 14% to $1.194 billion, demonstrating the company's sustained competitiveness in the insurance market.
- Commission and Fee Revenue: Q4 commission and fee revenue grew by 18% to $106 million, with a full-year increase of 15% to $486 million, reflecting the company's success in customer service and market expansion.
- 2026 Outlook: Hagerty anticipates a written premium growth of 15% to 16% for 2026, but expects total revenue to decline by 12% to 11% due to the elimination of Markel-related commission revenue under the new fronting arrangement, projecting a net loss between $51 million and $41 million.
See More
Broad Arrow Auctions to Feature Rare Hypercars at Amelia Concours
- Private Collection Showcase: Broad Arrow Auctions is set to unveil a private collection of five hypercars at the 2026 Amelia Concours Auction, featuring modern-era Ferraris and Porsches that highlight exceptional collectible value and market appeal.
- Ferrari Enzo Auction: The 2003 Ferrari Enzo, estimated between $12 million and $16 million, is one of only twelve North American delivery examples in the ultra-rare Nero D.S. color, with less than 450 miles, making it an ideal acquisition for collectors and reflecting the scarcity in the hypercar market.
- Monza SP2 Auction Debut: The 2021 Ferrari Monza SP2, estimated at $4.25 million to $4.75 million, is the first example of this model offered at public auction in the U.S., showcasing the design essence of Ferrari's Icona series and attracting attention from high-end clientele.
- Porsche 959 Historical Significance: The 1988 Porsche 959 Sport, estimated between $4.25 million and $5 million, is one of only 29 lightweight U.S. market examples, showcasing its unique historical background and collectible potential, further enhancing the auction's appeal.
See More
Broad Arrow Partners with The Quail for Auction Events
- Strategic Partnership: Broad Arrow has entered into a multi-year partnership with The Quail, A Motorsports Gathering, becoming the official auction partner, which signifies a pivotal step in Broad Arrow's evolution in the collector car auction space, expected to enhance its market position.
- Auction Event Schedule: Broad Arrow will host a two-day auction at The Quail Golf Club on August 13-14, 2026, showcasing approximately 175 of the most sought-after collector cars, including classics and supercars, aimed at attracting high-end clientele.
- Market Growth Potential: In 2025, Broad Arrow achieved over $624 million in total transaction value, reflecting a 97% increase from 2024, indicating rapid growth and strong market demand, which is likely to draw more international bidders.
- Enhanced Event Experience: This partnership will provide attendees with a richer automotive experience, including world-class cuisine and entertainment, with Broad Arrow's involvement expected to further elevate The Quail's brand value and customer satisfaction.
See More
