EverQuote: Auto Insurance Carriers Are Still Revving Up Growth

  • EverQuote's Q1 results showed rapid revenue and variable marketing dollar growth, alongside a tripling of adjusted EBITDA. Despite recent outperformance, EverQuote remains reasonably valued at ~11x forward adjusted EBITDA, offering a great hedge against an expensive market. Risks include a potential slowdown in auto insurance carriers' appetite for expansion if tariffs drive higher part replacement costs, but this is already reflected in EverQuote's low share price.