EverQuote Stock Jumps 20% After Record Third-Quarter Results and Strong Fourth-Quarter Outlook

EverQuote (Nasdaq: EVER) shares jumped 19.9% on Tuesday, Nov. 3, 2026, closing at $29.11 from a previous close of $24.27 after the company reported record third-quarter results and issued a strong fourth-quarter outlook. The S&P 500 ETF (SPY) rose 0.30% in the same session, and trading volume ran at 3.9 times its usual level.

The results were released in a press release furnished with an 8-K accepted at 4:05 p.m. Eastern on Monday, Nov. 2, after the market close.

Revenue growth and cash flow

Revenue grew 25% to $218.1 million from $173.9 million. The automotive insurance vertical brought in $190.4 million, and the home and renters vertical brought in $27.7 million, up 70%. Adjusted EBITDA grew 41% to $35.5 million, and operating cash flow was $40.5 million, compared with $19.8 million a year earlier.

GAAP net income was $18.2 million, compared with $18.9 million, which the company said reflected higher income taxes and a one-time item in the quarter. Diluted earnings per share were 49 cents, against 50 cents a year earlier. The reconciliation table lists a $4.0 million payment to terminate a vendor contract as one such item.

Fourth-quarter guidance

For the fourth quarter, the company guided to revenue of $213.0 million to $223.0 million, Variable Marketing Dollars of $57.0 million to $60.0 million, and Adjusted EBITDA of $29.0 million to $32.0 million. The press release said the outlook indicates ongoing positive momentum and demand.

The filing does not address the share price reaction.

Balance sheet and buyback

At Sept. 30, EverQuote had $229.1 million in cash and cash equivalents and no outstanding debt. The company also said its board had approved a $50 million share repurchase program.