EverQuote pairs a perfect earnings-beat streak and cheap compounder-quality metrics with a short-squeeze setup, but the stock has already reached its analyst target and momentum looks stretched at a late-cycle extreme.
Thesis pillars
- Perfect Earnings Beat Streak→Stable
- Cheap Multiple Strong Compounder→Stable
- Upside Exhausted Analyst Target↑Improving
- +2 more pillars — see the Why tab for full reasoning
EverQuote, Inc. (EVER) Stock Analysis
Range Bound setup · Inst Constrain edge
Communication Services · Internet Content & Information
Wait for pullback to $23.21. At $25.50 the A.R:R is 0.1:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $23.21 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Product: automotive insurance revenue (91.0%); Analyst target reached - limited upside remaining.
EverQuote operates an online marketplace connecting consumers shopping for auto, home, and renters insurance with roughly 60 insurance carriers and 6,000 agents through a data- and technology-driven referral platform, earning revenue by selling consumer inquiries as referrals... Read more
Wait for pullback to $23.21. At $25.50 the A.R:R is 0.1:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $23.21 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Product: automotive insurance revenue (91.0%); Analyst target reached - limited upside remaining. Chart setup: RSI 56 mid-range, Bollinger mid-band. Fundamentals strong but target reached (0.6% upside). Wait for pullback. Score 7.2/10, moderate confidence.
Passes 7/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 61d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About EverQuote, Inc.
About EverQuote, Inc.
EverQuote runs an online insurance marketplace that generates revenue by referring qualified consumer inquiries to roughly 60 carriers and 6,000 agents, with automotive insurance referrals alone accounting for 91% of total revenue in 2025 versus 89% in 2024. The company's two largest insurance-carrier customers made up 38% and 11% of 2025 revenue, respectively, and its marketplace reaches consumers through owned websites, a call center, and third-party publisher traffic.
EverQuote's revenue model is purely referral-based: insurance providers pay for consumer inquiries delivered as clicks, data leads, or calls, with no long-term minimum spend commitments, so carriers and agents can reduce or halt marketing spend at any time without notice. A meaningful share of that spend flows through subsidy payments carriers make on behalf of their affiliated agents — one large carrier customer stopped paying such subsidies altogether in 2023 before partially resuming in 2024. Consumer traffic comes from EverQuote's own websites and call center as well as third-party publishers and verified partners, and a significant portion of total revenue is attributable to visitor traffic originating from those third-party sources rather than owned-and-operated channels, making the business sensitive to publisher pricing and inventory availability. The company has begun extending its data and matching technology from auto insurance into home and renters insurance to diversify beyond its core vertical.
Show full overview
EverQuote's revenue is exposed less to consumer churn than to a small number of large insurance-carrier relationships and the underlying automotive-insurance cycle: 91% of 2025 revenue came from automotive coverage, and the two largest carrier customers alone supplied 38% and 11% of total revenue with no contractual minimum spend obligating either to continue. That combination proved material in 2023, when carriers pulled back marketing budgets industry-wide amid deteriorating underwriting performance and one top customer suspended agent-subsidy payments outright — a pattern the 10-K flags could recur rapidly and without warning given how quickly carriers can reduce their marketplace spend.
See also: Communication Services · Internet Content & Information
From EverQuote, Inc.'s most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-09-03Recent Developments — EverQuote, Inc.
Latest news
- NEWS EVER|EverQuote Inc|Price:25.158|Chg%:-1.672 - TradingKey — TradingKey neutral
- NEWS EVER|EverQuote Inc|Price:25.158|Chg%:-1.672 - tradingkey.com — tradingkey.com negative
- NEWS Moderna Stock Eyes Best Day Ever After Cancer Vaccine Breakthrough - Schaeffer's Investment Research — Schaeffer's Investment Research positive
- NEWS MRNA Stock Heads For Its Best Ever Day After Melanoma Therapy Meets Primary Goal - Yahoo Finance — Yahoo Finance positive
- NEWS EverQuote (EVER) Results Snapshot: EPS Does Not Reach the Reported Estimate in Latest Trading; Investor Response: Shares — vinanet.vn negative
Generated 2026-09-03T14:22:18Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductautomotive insurance revenue91%10-K Item 1A: 'Revenue from automotive insurance providers accounted for 91% and 89% of our total revenue for 2025 and 2024, respectively.'
- MEDIUMCustomerlargest insurance carrier customer38%10-K Item 1A: 'Revenue from our two largest insurance carrier customers was 38% and 11%, respectively, of our revenue for the year ended December 31, 2025.'
- LOWCustomersecond-largest insurance carrier customer11%10-K Item 1A: 'Revenue from our two largest insurance carrier customers was 38% and 11%, respectively, of our revenue for the year ended December 31, 2025.'
- MEDIUMSupplierthird-party publisher traffic10-K Item 1A: 'A significant portion of our revenue is attributable to visitor traffic originating from third-party publishers.'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 ceiling hit
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $23.21. At $25.50 the A.R:R is 0.1:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $23.21 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Product: automotive insurance revenue (91.0%); Analyst target reached - limited upside remaining. Chart setup: RSI 56 mid-range, Bollinger mid-band. Fundamentals strong but target reached (0.6% upside). Wait for pullback. Target $25.66 (+0.6%), stop $20.87 (−22.2%), A.R:R 0.1:1. Score 7.2/10, moderate confidence.
Take-profit target: $25.66 (+0.6% upside). Target $25.66 (+0.6%), stop $20.87 (−22.2%), A.R:R 0.1:1. Stop-loss: $20.87.
Concentration risk — Product: automotive insurance revenue (91.0%); Analyst target reached - limited upside remaining; Sector modifier (Communication Services): -0.8.
EverQuote, Inc. trades at a P/E of 8.3 (forward 8.1). TrendMatrix value score: 8.3/10. Verdict: Buy (Wait for Entry).
14 analysts cover EVER with a consensus score of 3.9/5. Average price target: $30.
What does EverQuote, Inc. do?EverQuote operates an online marketplace connecting consumers shopping for auto, home, and renters insurance with...
EverQuote operates an online marketplace connecting consumers shopping for auto, home, and renters insurance with roughly 60 insurance carriers and 6,000 agents through a data- and technology-driven referral platform, earning revenue by selling consumer inquiries as referrals with no minimum spend commitment from providers. Automotive insurance referrals made up 91% of 2025 revenue, and the two largest carrier customers alone accounted for 38% and 11% of total revenue, respectively. A significant share of visitor traffic is sourced from third-party publishers rather than owned channels.