CCC Intelligent Solutions reported Q1 revenue up 12% year-over-year, exceeding the $274.4 million analyst estimate, and posted a 43% adjusted EBITDA margin, up 300 basis points. CFO Brian Herb will depart on May 25 and Conestoga Capital Advisors sold 7.3 million shares valued at $47.75 million, trimming its stake to 0.63% of assets.
CCC Intelligent Solutions delivered 12% year-over-year revenue growth in Q1, surpassing analyst estimates of $274.4 million. The company achieved a 43% adjusted EBITDA margin, an improvement of 300 basis points from the prior year, driven by robust demand for its AI-powered SaaS platform.
Chief Financial Officer Brian Herb is set to leave the company on May 25, 2026. Management has initiated a search for a successor, citing the ongoing need to support CCC’s rapid expansion and maintain financial oversight during the transition.
Conestoga Capital Advisors reduced its position in CCC by selling 7.3 million shares valued at $47.75 million, cutting its holding to 0.63% of fund assets. The sale may reflect portfolio rebalancing and could introduce additional share supply in the market.
