EverQuote Q2 Revenue Jumps 25% to $195M, Buyback Completed
EVER sits 72% above its 52-week low of $13.88 on elevated volume (2.3× avg).
Summary
EverQuote reported Q2 2026 revenue of $195.1M (+24.6% YoY) and net income of $19.2M, completed its $50M buyback, and disclosed CEO and director 10b5-1 trading plans.
Key Events · Earnings and Guidance · EVER
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Revenue Surges 24.6%
Driven by a $32.5 million increase in auto insurance referrals and a $6.0 million rise in home and renters, Q2 2026 revenue hit $195.1 million, up from $156.6 million a year ago.
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Net Income More Than Doubles
Net income rose to $19.2 million ($0.53 diluted EPS) from $14.7 million ($0.39 diluted EPS) in Q2 2025, reflecting operating leverage as revenue growth outpaced expense increases.
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$50M Buyback Completed
The company repurchased $29.0 million of Class A common stock in H1 2026, completing the $50 million program authorized in July 2025. Total shares retired: 1,646,338 at an average price of $17.62.
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CEO Adopts 10b5-1 Plan
CEO Jayme Mendal adopted a Rule 10b5-1 trading plan on June 16, 2026, covering up to 125,880 shares through February 28, 2027. Two board members also adopted plans for indeterminate shares.
Analysis · EVER · Technology
A standout quarter for EverQuote, with revenue climbing 24.6% to $195.1 million and net income reaching $19.2 million, fueled by higher carrier spending across auto and home insurance. The company also finished its $50 million share repurchase program, retiring 1.6 million shares in the first half. While the CEO and two board members adopted 10b5-1 trading plans — a routine disclosure — the CEO's plan covers up to 125,880 shares, a notable but pre-planned potential sale. Accelerating growth paired with an aggressive buyback underscores management's confidence, though the 10b5-1 plans introduce a modest overhang.
At the time of this filing, EVER was trading at $23.86 on NASDAQ in the Technology sector, with a market capitalization of approximately $844M. The 52-week trading range was $13.88 to $28.73. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.