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Hagerty Inc Class A
(NYSE:HGTY)
Hagerty Inc Class A (HGTY) vs. SPDR S&P 500 ETF (SPY)
Hagerty Inc Class A Business Overview & Revenue Model
Hagerty Inc Class A Earnings Call Summary
Hagerty Inc Class A Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.37B | 1.20B | 1.01B | 829.49M | 576.54M | 499.55M |
| Gross Profit | 1.09B | 978.58M | 574.20M | 540.88M | 404.64M | 271.02M |
| EBITDA | 140.85M | 132.59M | 69.04M | 0.00 | -32.46M | 27.65M |
| Net Income | 43.30M | 17.02M | 20.23M | 4.08M | -61.35M | 10.17M |
Balance Sheet | ||||||
| Total Assets | 2.15B | 1.71B | 1.59B | 1.31B | 1.04B | 610.71M |
| Cash, Cash Equivalents and Short-Term Investments | 332.65M | 178.74M | 108.33M | 95.17M | 275.33M | 38.11M |
| Total Debt | 113.63M | 154.86M | 181.14M | 196.61M | 135.50M | 69.00M |
| Total Liabilities | 1.44B | 1.19B | 1.09B | 945.15M | 771.07M | 493.39M |
| Stockholders Equity | 296.37M | 234.98M | 175.54M | 59.25M | -323.78M | 117.20M |
Cash Flow | ||||||
| Free Cash Flow | 154.70M | 155.68M | 107.30M | 10.95M | -1.09M | 46.32M |
| Operating Cash Flow | 177.27M | 177.02M | 133.71M | 55.33M | 42.28M | 84.57M |
| Investing Cash Flow | -178.88M | -618.56M | -52.65M | -91.52M | -68.99M | -47.39M |
| Financing Cash Flow | 10.61M | -46.92M | 103.16M | -28.08M | 332.07M | 39.95M |
Hagerty Inc Class A Technical Analysis
Hagerty Inc Class A Risk Analysis
Hagerty Inc Class A Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $3.09B | 20.31 | 22.45% | ― | 52.60% | 50.69% | |
74 Outperform | $4.55B | 11.61 | 12.22% | 1.99% | 10.98% | 74.87% | |
68 Neutral | $3.81B | 39.53 | 16.42% | ― | 17.47% | 54.19% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $4.42B | 10.05 | 21.47% | 1.67% | 6.18% | -21.28% | |
58 Neutral | $2.74B | 8.24 | 12.21% | 2.90% | 2.75% | 572.22% | |
53 Neutral | $4.33B | ― | -35.10% | ― | 22.91% | 4.95% |
Hagerty Inc Class A Corporate Events
Hagerty, Inc. is a leading automotive enthusiast brand and specialty vehicle insurance provider, known for its commitment to preserving car culture and offering a range of services including car valuation, auctions, and events for car enthusiasts. In its third quarter of 2025, Hagerty reported a significant increase in financial performance, with total revenue rising by 18% year-over-year to $380 million and net income surging by 143% to $46.2 million. The company also saw a 106% increase in adjusted EBITDA, reaching $49.7 million, and announced a new partnership with Liberty Mutual, enhancing its strategic positioning in the market. Key highlights from the report include a 58% increase in marketplace revenue and a 16% rise in written premiums, underscoring the company’s robust growth trajectory. Hagerty’s management has raised its full-year 2025 outlook, anticipating total revenue growth of 14-15% and net income growth of 58-65%, reflecting confidence in sustained growth and margin expansion through strategic investments and partnerships.
The recent earnings call for Hagerty Inc Class A painted a picture of robust growth and profitability, tempered by some challenges. The company demonstrated strong revenue growth and profitability, driven by strategic partnerships and marketplace expansion. However, concerns were raised regarding increased expenses and lower attach rates for new partnerships, alongside the impact of business seasonality on profitability forecasts.
In November 2025, Hagerty Inc Class A announced a successful year-to-date performance with a combined ratio under 90% and a revenue growth of 18%, translating to a net income growth of 73%. The company highlighted its strategic initiatives, including the launch of the Guardian Safe Storage Concierge program and significant partnerships with State Farm and Safeco, which are expected to drive future growth and solidify its leadership in the collectible vehicle insurance market.
The most recent analyst rating on (HGTY) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on Hagerty Inc Class A stock, see the HGTY Stock Forecast page.
On August 7, 2025, Hagerty, Inc. announced the pricing of its upsized secondary offering of 9,700,000 shares of Class A Common Stock at $9.34 per share, with the offering closing on August 11, 2025. The selling stockholders, Hagerty Holding Corp. and Aldel LLC, will not pass proceeds to Hagerty, as they will use the net proceeds to redeem shares for the benefit of Kim Hagerty’s estate. The offering, managed by Keefe, Bruyette & Woods and J.P. Morgan, highlights Hagerty’s strategic financial maneuvers but does not directly impact its operational cash flow.
The most recent analyst rating on (HGTY) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on Hagerty Inc Class A stock, see the HGTY Stock Forecast page.
On August 6, 2025, Hagerty, Inc. announced a secondary public offering of 8,700,000 shares of its Class A Common Stock, facilitated by Aldel LLC and Hagerty Holding Corp. While Hagerty will not receive proceeds from this sale, the offering is intended to benefit the estate of Kim Hagerty through a redemption of shares. The announcement underscores Hagerty’s strategic financial maneuvers and may influence its market positioning and stakeholder interests.
The most recent analyst rating on (HGTY) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on Hagerty Inc Class A stock, see the HGTY Stock Forecast page.
The recent earnings call for Hagerty Inc Class A painted a picture of strong growth and strategic advancements, despite some challenges. The company reported significant increases in revenue and profitability, driven by strategic initiatives such as expanding partnerships and enhancing international presence. While there were concerns about lower-than-expected premium growth and rising technology costs, the overall sentiment was positive, indicating robust business momentum.
Hagerty Inc Class A faces significant uncertainty regarding its Proposed Fronting Arrangement with Markel, as outlined in their non-binding letter of intent dated July 24, 2025. The arrangement’s completion is contingent upon finalizing binding agreements and obtaining necessary regulatory approvals, with no guarantee of success. Challenges include potential disagreements on terms, alternative pursuits by either party, and regulatory hurdles. Even if completed, the benefits of the arrangement are uncertain, as they depend on effective implementation and external factors beyond Hagerty’s control, potentially impacting their business and financial outcomes.
Hagerty, Inc. is a leading automotive enthusiast brand and specialty vehicle insurance provider, known for its commitment to preserving car culture and offering a range of services including car valuation, auctions, and events. In its latest earnings report, Hagerty announced a robust financial performance for the second quarter of 2025, with significant increases in revenue, net income, and adjusted EBITDA, prompting an upward revision of its full-year outlook. Key highlights include an 18% year-over-year increase in total revenue to $368.7 million, a 327% surge in marketplace revenue, and a 46% rise in net income to $74.5 million for the year-to-date. The company also reported strong growth in its membership and marketplace segments, alongside strategic investments in technology and expansion into the European market. Looking ahead, Hagerty anticipates continued revenue and profit growth, supported by its strategic initiatives and a new fronting arrangement with Markel, positioning the company for further success in 2026.