- Shares of EverQuote are down 75% from their February 2021 all-time peak as higher than expected losses for auto insurers have compelled them to cut back on customer acquisition.
- As a lead generator for the insurance industry, the company is trying to reduce its exposure to auto by emphasizing other insurance lines.
- Trading at around one times FY22E revenue against 20% long-term growth prospects with insider buying, this small-cap concern merited a deeper dive.
- A full investment analysis follows in the paragraphs below.
For further details see:
EverQuote: A First Evaluation