EverQuote Trading Halted as Reopen Looms After 8% Move This Week

EverQuote Trading Halted as Reopen Looms After 8% Move This Week

May 25, 2026

New York, May 25, 2026, 16:04 (EDT)

  • EverQuote (Nasdaq: EVER) ended Friday at $18.88, up 1.34% for the session. The stock is up about 8% for the week.
  • U.S. stock markets will be closed Monday for Memorial Day. According to Nasdaq, May 25 is listed as a closed day, with regular trading from 9:30 a.m. to 4:00 p.m. Eastern Time on normal sessions.
  • EverQuote’s near-term setup depends on insurer demand after the company topped first-quarter estimates and set second-quarter revenue guidance between $185 million and $195 million.

EverQuote Inc. doesn’t have fresh price action as trading restarts Tuesday, thanks to the Memorial Day halt that kept U.S. stock markets closed Monday. The company’s shares gained last week. According to the Nasdaq holiday schedule, May 25 was a market holiday, with normal trading hours listed from 9:30 a.m. to 4:00 p.m. Eastern.

Shares finished Friday at $18.88, rising 1.34%, according to Google Finance. The stock traded from $18.60 to $19.15 in the session. That final price was up from $17.48 as of May 15, giving the shares an 8.0% gain over the holiday-shortened week.

EverQuote is working to keep investors interested after a big post-earnings swing earlier this month. The company’s latest results showed carriers are spending more again on property-and-casualty insurance, or P&C, which covers auto and home lines.

EverQuote posted a 15% jump in first-quarter revenue to $190.9 million, reporting on May 4. Net income more than doubled to $18.7 million from $8.0 million last year. Adjusted EBITDA rose 30% to $29.3 million.

Chief Executive Jayme Mendal said results point to “favorable sector demand” with the company working to help P&C insurers get customers through digital channels. CFO Joseph Sanborn said EverQuote hit “record levels of Adjusted EBITDA and record operating cash flow,” and mentioned AI-powered tools as key for operating leverage. EverQuote Investors

The company expects second-quarter revenue of $185 million to $195 million and adjusted EBITDA between $28 million and $30 million. At the end of the first quarter, it reported $178.5 million in cash and equivalents, with no debt. The company said it bought back 1.1 million shares for $19.9 million.

Wall Street’s stronger mood is adding some support. U.S. stocks climbed on Friday. The Dow ended at a new record close, and the S&P 500 logged its eighth weekly gain in a row as investors looked at signs of movement in Middle East talks and a good earnings season, Reuters reported.

JPMorgan’s Cory Carpenter bumped up the EverQuote price target to $24 from $22 after the latest earnings, and kept the Overweight rating, The Fly said. Carpenter described the quarter as a “clean beat and raise,” meaning EverQuote topped expectations and raised guidance. TipRanks

Small insider filing from May 22 gave few signals for the market. Chief Accounting Officer Jon Ayotte had 1,147 shares withheld at $18.71 to cover taxes from restricted stock units, according to the SEC Form 4. He also sold 285 shares at $18.24 through a Rule 10b5-1 plan, which was pre-arranged. The filing noted it was not a discretionary sale.

Competitive signals matter here too. MediaAlpha, a digital customer-acquisition platform for insurers, said earlier this year its first-quarter guidance was up thanks to ongoing gains in P&C insurance demand from carriers. That shows EverQuote’s jump is less about its cost moves and more about a bigger rebound in insurer marketing spend.

But the risk is right there. EverQuote said in its annual report that auto insurance providers drove 91% of 2025 revenue. The company warned that carrier spending can drop fast if underwriting gets tougher, claims go up or premiums don’t keep up with costs. Two customers made up 38% and 11% of 2025 revenue, putting shares at risk if a big carrier steps back.

Looking to the week, the immediate focus is on whether buyers come back after the market holiday or if the stock trims some of last week’s gains as investors reconsider the strength of the post-earnings rally. There’s no new company event on Monday, so Tuesday’s trading could be more telling than usual.

Marcin Frąckiewicz

Marcin Frąckiewicz is the CEO of TS2 Space and a longtime technology entrepreneur focused on telecommunications, satellite communications and digital innovation. A graduate of the Warsaw School of Economics (SGH), he writes about space technology, artificial intelligence and publicly traded technology companies. His analysis covers major market trends, emerging technologies and the businesses shaping the future of the global economy.

Stock Market Today

  • Chipotle Opens in Mexico for First Time, Looks to Expand by 2027
    July 14, 2026, 1:40 AM EDT. Chipotle Mexican Grill opened its first spot in Mexico, putting the US brand to the test in the country behind its menu. The new restaurant is in Nuevo León, close to the Texas border. Chipotle called it a "significant milestone." The company has a deal with Alsea to branch out further in Mexico and into Mexico City by 2027. The news stirred up social media, with some drawing parallels to prior flops like Taco Bell and Domino's taking on native cuisines. Chipotle sees the move as a "proof-of-concept" as it targets as many as 370 new locations globally this year, including Asia.