CCC Intelligent Solutions extends gains on report activist Elliott amasses stake

** Shares of CCC Intelligent Solutions CCC.O were up 4.4% premarket on Monday to $6.18, an over three-month high, after a report that activist investor Elliott Management has built a large stake.

** CCC's stock finished up 10% at $5.92 on Friday after Reuters reported late Thursday that the car insurance software firm hired Morgan Stanley to advise on a sale process.

** Elliott's exact holding size could not immediately be learned, but the activist firm acquired the position before CCC decided to explore a sale, Bloomberg reported late Friday, citing people familiar with the matter.

** CCC, which went public in 2021 after a SPAC merger with Dragoneer Growth Opportunities Corp, has about a $3.5 billion market cap.

** Through Friday, CCC's stock was down about 26% year to date following a 32% drop in 2025.