Hagerty
Collector-vehicle insurance, membership, and services for automotive enthusiasts.
Something off on this page? Send us feedback.
Profile
Specialty insurance for collector vehicles anchors membership, media, events, valuation tools, and marketplace services. The company combines insurance distribution, risk management and reinsurance with subscription offerings and first-party data for automotive enthusiasts.
Collector-vehicle insurance anchors an automotive-enthusiast platform built around membership, media, events, valuation tools, and marketplace services. The model combines insurance distribution, risk management, and reinsurance with subscription and membership offerings and first-party data.
Broad Arrow extends the relationship beyond insurance into collector-car transactions, supporting buying, selling, and financing.
Founded in 1984 through collector wooden-boat insurance, the business later expanded into classic cars and remains founder-family led from Traverse City. Its purpose centers on saving driving and preserving car culture; the announced Bennetts acquisition remains subject to regulatory approval and closing.
Company facts
Key statistics
Year to date +2.1% · Average volume (30d) 140.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Target |
|---|---|---|---|---|---|
| Jun 10, 2026 | UBS | Target | $14 | ||
| Oct 3, 2025 | Wells Fargo | Target | $13 | ||
| Oct 1, 2025 | JMP Securities | Target | $15 | ||
| Sep 17, 2025 | Oppenheimer | Target | $15 | ||
| Dec 26, 2024 | Raymond James | Downgrade | Market Perform | Underperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.09 | −$0.02 | +76.9% | $316.2M | $354.8M | +12.2% | +15.36% |
| May 6, 2026Q1 FY26 | $0.01 | −$0.04 | −500.0% | $284.9M | $311.8M | +9.5% | +2.28% |
| Feb 26, 2026Q4 FY25 | $0.04 | $0.08 | +100.0% | $311.6M | $357.3M | +14.7% | −2.89% |
| Nov 4, 2025Q3 FY25 | $0.09 | $0.13 | +44.4% | $323.5M | $380.0M | +17.5% | +2.15% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $319.6M | $368.7M | $380.0M | $357.3M | $311.8M | $354.8M | |
| Gross profit | $171.1M | $293.5M | $301.4M | $296.9M | $213.9M | $244.1M | |
| Operating income | $32.8M | $53.4M | $13.3M | $39.7M | −$20.9M | $2.2M | |
| Net income | $8.4M | $11.0M | $20.8M | $8.8M | −$4.5M | $280.0K | |
| Diluted EPS | $0.07 | $0.09 | $0.11 | $0.06 | −$0.06 | −$0.02 | |
| Gross margin | 53.5% | 79.6% | 79.3% | 83.1% | 68.6% | 68.8% | |
| Operating margin | 10.3% | 14.5% | 3.5% | 11.1% | -6.7% | 0.6% |
Fiscal years (4-quarter sums)FY21 $538.2M · FY22 $773.0M · FY23 $1.01B · FY24 $1.19B · FY25 $1.43B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.17B · Total debt $262.7M · Total assets $2.15B · Shareholders' equity $300.5M
Dividends
No dividends on record.
Ownership
Shares outstanding 343.35M · Float 318.86M · 92.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Hagerty Holding Corp. · 10 percent owner | 166.55M | 48.51% | Form 4 | Aug 15, 2025 |
| State Farm Mutual Automobile Insurance Co | 51.80M | 15.09% | 13F | Aug 12, 2026 |
| Neuberger Berman Group LLC | 9.53M | 2.78% | 13F | Aug 13, 2026 |
| T. Rowe Price Investment Management, Inc. | 6.09M | 1.77% | 13F | Aug 14, 2026 |
| Polar Capital Holdings PLC | 6.00M | 1.75% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 2, 2026 | Kevin M. Delaney | officer: Chief Accounting Officer | −3,113 | $12.25 |
| Jul 1, 2026 | Kevin M. Delaney | officer: Chief Accounting Officer | −9,440 | $12.10 |
| Jun 30, 2026 | Kevin M. Delaney | officer: Chief Accounting Officer | −905 | $12.01 |
| May 15, 2026 | Anthony J. Kuczinski | director | +9,500 | $10.46 |
| Apr 7, 2026 | Laurie Harris | director | −5,531 | $11.01 |
Peers
- Chubb
High-value classic-car insurance with agreed-value and repair coverage.
- Travelers
Classic-car insurance for vintage, antique, and collector vehicles.
- Cars.com
Automotive marketplace competing for consumer audience and listings.





