Hagerty jumps after smaller-than-expected Q2 loss, annual outlook boost
HGTY•Management and analyst comments
The first half of 2026 has been the best in Hagerty's history, CEO McKeel Hagerty said.
J.P. Morgan analyst Pablo Singzon said results were robust, marked by healthy revenues and strong growth trends.
Shares jump on Q2 results and outlook raise
Shares of Hagerty HGTY.N, which provides insurance for classic cars, boats, and motorcycles, jumped as much as 15.1%, hitting their highest since January.
Stock was last up 14% at $13.37.
HGTY posted a smaller-than-expected loss in Q2 and increased its full-year outlook for total written premium, revenue, and net income.
Analyst ratings and year-to-date performance
Three of eight brokerages rate the stock "buy" or higher, four "hold" and one "sell"; median PT $14, according to data compiled by LSEG.
As of the last close, HGTY stock was down 12.8% year to date.
