- Shares of EverQuote have fallen 66% this year, the result of precipitously declining growth rates.
- Pre-pandemic, EverQuote had managed growth rates north of 50%; now, the company is barely struggling to hold onto 20% growth.
- The company is citing challenges to the auto insurance business as the cause for the decline, which have been echoed throughout the industry.
- EverQuote is taking steps to eliminate 10% of its expense base, but that may not be good enough to placate investors for the decline in growth.
For further details see:
EverQuote: This Story Has Soured