EverQuote posts record Q2 revenue, analysts reaffirm buy rating

EverQuote reported second‑quarter 2026 revenue of $195.1 million, a 25% year‑over‑year increase, and adjusted EBITDA of $30.1 million, up 37%. GAAP net income rose to $19.2 million and the company ended the quarter with $192 million in cash and no debt. The growth was driven by strong demand from insurance carriers and local agents, with auto‑insurance revenue climbing 23% to $172.1 million and home‑insurance revenue jumping 35% to $23 million. CEO Jayme Mendal said the market environment remains healthy and highlighted the expanding role of home‑insurance products.

Analyst coverage was positive: B. Riley Financial reiterated a buy rating with a $34 price target, while other firms such as Needham, JPMorgan and Weiss raised their targets and ratings. EverQuote now holds a consensus “moderate buy” rating, with the stock trading around $23.34 after a modest decline. The company’s market cap is about $841 million, and its financial metrics include a P/E of 7.95 and a net margin of 15.35%.