Hagerty, Inc. (HGTY) AI Stock Analysis

Hagerty, Inc. is a provider of insurance agency services globally, specializing in automobile and boat insurance products alongside reinsurance offerings. Headquartered in Traverse City, Michigan, the company operates Hagerty Media, which includes HDC Magazine, video content, and a dedicated YouTube channel. HDC delivers subscription-based offerings such as proprietary vehicle valuation tools, emergency roadside services, automotive events, and exclusive discounts. The company provides its HVT valuation tool for collector cars, trucks, SUVs, and motorcycles, and runs Hagerty Events. In addition, Hagerty operates the DriveShare peer-to-peer specialty vehicle rental platform, the Motorsport Reg event management system, and Hagerty Garage + Social clubhouses and car storage facilities.

Between FY2021 and FY2025, Hagerty grew annual revenue from $576.5M to $1.46B, achieving a 5-year revenue CAGR of 23.9%. Gross margin widened from 54.4% in FY2021 to 80.4% in FY2025, while operating margin expanded from -9.5% to 9.6%. Net income improved from -$46.4M in FY2021 to $49.0M in FY2025, resulting in diluted EPS of $0.42. For the trailing twelve months, revenue totaled $1.42B with an operating margin of 18.4% and net profit margin of 1.2%. In the quarter ended June 30, 2026, quarterly revenue fell 6.5% year over year, though quarterly earnings grew 410.3%.

As of June 30, 2026, Hagerty held $1.17B in cash and short-term investments against $262.7M in total debt, yielding a net cash position of $906.5M. Total assets were $2.15B and shareholders' equity was $300.5M, representing a debt-to-equity ratio of 0.87. Operating cash flow rose to $219.0M in FY2025, generating $194.5M in free cash flow. In FY2025, capital expenditures were $24.5M, share buybacks totaled $5.6M, and dividends paid were $5.6M, while share count grew 21.7% over five years.

Hagerty trades at a trailing price-to-earnings multiple of 139.1x and a forward P/E of 24.0x, compared to medians of 12.1x and 10.8x for US-listed Financial Services peers. Its enterprise value to EBITDA ratio is 24.7x, above the peer group median of 11.7x, while its price-to-sales multiple is 3.7x versus the peer median of 3.2x. HGTY shares gained 33.7% over the past year, outperforming the S&P 500 return of 16.8%, but its 5-year gain of 52.4% trailed the S&P 500 return of 83.0%.

Wall Street analysts covering Hagerty maintain 2 Strong Buy, 2 Buy, 4 Hold, and 1 Sell recommendations. The mean price target is $14.50, representing a 5.2% discount to the October 16, 2026 closing price of $15.30. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $0.03 on revenue of $1.34B. For the following fiscal year, 8 analysts project revenue to grow 11.2% to $1.49B with EPS of $0.59. Hagerty beat EPS estimates in 3 of the last 4 quarters and is scheduled to report earnings on November 3, 2026.

This page is an AI-written research summary of Hagerty, Inc. (HGTY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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