CCC sees Q3 revenue between $289.5 mln and $291.5 mln
Company expects full-year 2026 revenue of $1.158 bln to $1.164 bln
CCC projects full-year 2026 adjusted EBITDA of $485 mln to $491 mln
Overview
US SaaS and AI platform's Q2 revenue rose 10%, slightly beating analyst expectations
Adjusted EPS for Q2 met analyst expectations
Company cited growing adoption of AI-enabled solutions by top insurers and repair operators
Result drivers and key details
AI adoption by insurers - Co said large insurers expanded use of its AI-based claims routing and subrogation solutions, citing operational and financial benefits
Repair operator expansion - Co said large multi-store repair operators renewed and expanded use of its Mobile Jumpstart AI estimating solution, driving double-digit increases in participating facilities and estimates initiated
Customer demand for connectivity - Co said increasing complexity in the insurance economy is driving demand for its platform to connect participants and improve decision-making
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell". The average consensus recommendation for the software peer group is "buy". Wall Street's median 12-month price target for CCC Intelligent Solutions Holdings Inc is $9.00, about 48.8% above its July 29 closing price of $6.05. The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago.
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