- Shares of EverQuote sank ~10% after reporting Q2 results, despite a print that beat Wall Street's expectations on the top and bottom lines.
- This is the second quarter in a row that EverQuote is down after strong results. Year to date, EverQuote is down ~30%.
- The company managed to accelerate revenue growth to 34% y/y in Q2, on top of a mid-single digit adjusted EBITDA margin.
- Trading at less than <2x forward revenue, EverQuote is a prime opportunity to invest in value in an otherwise expensive market.
For further details see:
EverQuote Is Bottoming Out, And Now Is The Right Time To Step In