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CCC Intelligent Solutions Holdings Inc. - CCCS STOCK NEWS

Welcome to our dedicated page for CCC Intelligent Solutions Holdings news (Ticker: CCCS), a resource for investors and traders seeking the latest updates and insights on CCC Intelligent Solutions Holdings stock.

CCC Intelligent Solutions Holdings Inc. (Symbol: CCCS) is a leading provider of cutting-edge technology solutions for the automotive and property & casualty insurance industries. For over 30 years, CCC has pioneered innovative software, delivering exceptional customer service and insightful analysis to shape the industry. Their advanced SaaS platform, utilizing cloud, mobile, AI, telematics, and hyperscale technologies, connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. CCC is instrumental in helping people get back into their cars quickly after accidents through seamless integrations between insurers, auto manufacturers, repairers, part suppliers, and millions of drivers worldwide.

Recent achievements include significant advancements in telematics, ridesharing, autonomous vehicles, and usage-based insurance, demonstrating their commitment to driving the future of vehicle and insurance technology. With a strong presence in the United States and China, CCC generates the majority of its revenue from software subscriptions and professional services, primarily within the U.S.

The company’s ecosystem not only enhances operational efficiencies but also delivers superior customer experiences, making CCC a pivotal player in the insurance economy. Whether you are an insurer, auto manufacturer, or repairer, CCC offers the solutions you need to innovate and succeed. If you are looking to be part of a dynamic and forward-thinking team, CCC Intelligent Solutions Holdings Inc. is the place to be.

News

CCC Intelligent Solutions Announces Pricing of Upsized Secondary Offering of 43 Million Shares of Common Stock

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CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) announces pricing of secondary offering of common stock at $11.42 per share, consisting of 43 million shares with an upsized option of 6.45 million shares. Selling Stockholders include affiliates of Advent International, L.P. and Oak Hill Capital Partners.
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CCC Intelligent Solutions Announces Proposed Secondary Offering of 40 Million Shares of Common Stock

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CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) announces a proposed secondary offering of 40 million shares of common stock by Selling Stockholders, with underwriters having a 30-day option for an additional 6 million shares. The Offering is solely by Selling Stockholders, with no proceeds to the Company. The Offering is made under an effective shelf registration statement and managed by Goldman Sachs, BofA Securities, and J.P. Morgan.
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CCC Intelligent Solutions Holdings Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results

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CCC Intelligent Solutions Holdings Inc. reported strong financial results for Q4 2023 and full year 2023, with revenue growth of 11% and adjusted EBITDA margin of 41%. The company made significant investments in expanding its network and capabilities, leading to margin expansion and growth. CCC processed a record number of U.S. auto insurance claims and doubled insurers using its AI-based solutions.
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CCC Intelligent Solutions Announces Date of Fourth Quarter and Fiscal Year 2023 Earnings Call

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CCC Intelligent Solutions Holdings Inc. (CCCS) will release its financial results for Q4 and fiscal year 2023 on February 28, 2024. The company will also host a conference call to discuss the financial results and business outlook.
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CCC ONE® Includes Advanced Data Privacy Feature for Repairers

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CCC Intelligent Solutions Inc. (CCC) has introduced an enhanced data security feature for collision repairers, allowing them to redact sensitive information before sharing estimates with third-party partners. This feature aims to protect customers' information while enabling necessary business transactions. The new feature is part of CCC's commitment to supporting repairers in navigating data privacy and security challenges.
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CCC Intelligent Solutions Announces Pricing of Upsized Secondary Offering of 22 Million Shares of Common Stock

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CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) has announced the pricing of a secondary offering of 22 million shares of the Company’s common stock by affiliates of Advent International, L.P. The Offering was upsized from the previously announced 20 million shares and is expected to close soon.
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CCC Intelligent Solutions Announces Proposed Secondary Offering of 20 Million Shares of Common Stock

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CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) announces a proposed secondary offering of 20 million shares of common stock by affiliates of Advent International, L.P. The Company will not receive any proceeds from the sale. J.P. Morgan, Barclays, and Citigroup are acting as joint book running managers for the Offering. The Offering is being made pursuant to an effective shelf registration statement on Form S-3 (Registration No. 333-267793) filed with the SEC.
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CCC Intelligent Solutions Announces Pricing of Secondary Offering of 65 Million Shares of Common Stock, Including Concurrent Common Stock Repurchase

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CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) announces the pricing of a secondary offering of 65 million shares of common stock at $10.50 per share, with an increase of 15 million shares from the previously announced size. The offering also includes an option for underwriters to purchase an additional 4,875,000 shares. The Selling Stockholders are affiliates of Advent International, L.P.
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CCC Intelligent Solutions Announces Proposed Secondary Offering of 50 Million Shares of Common Stock, including Concurrent Common Stock Repurchase

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CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) announces a proposed secondary offering of 50 million shares of common stock by affiliates of Advent International, L.P. The underwriters may purchase an additional 3,750,000 shares. The Company will not receive proceeds from the sale. The Company plans to repurchase 25 million shares at the same price using cash on hand. J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are joint book-running managers. The Offering is made pursuant to an effective shelf registration statement on Form S-3 (Registration No. 333-267793).
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CCC Intelligent Solutions Holdings Inc. Announces Third Quarter 2023 Financial Results

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CCC Intelligent Solutions Holdings Inc. reports strong third-quarter results with 11% year-over-year revenue growth and 19% year-over-year adjusted EBITDA growth. The company achieved an adjusted EBITDA margin of 42%. Total revenue was $221.1 million, and adjusted EBITDA was $92.9 million. CCC introduced AI-driven solutions, Repair Cost Predictor and Mobile Jumpstart, to address labor challenges in repair facilities.
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FAQ

What is the current stock price of CCC Intelligent Solutions Holdings (CCCS)?

The current stock price of CCC Intelligent Solutions Holdings (CCCS) is $12.05 as of December 20, 2024.

What is the market cap of CCC Intelligent Solutions Holdings (CCCS)?

The market cap of CCC Intelligent Solutions Holdings (CCCS) is approximately 7.6B.

What does CCC Intelligent Solutions Holdings Inc. do?

CCC provides advanced technology solutions for the automotive and property & casualty insurance industries, including cloud, mobile, AI, and telematics technologies.

Where is CCC Intelligent Solutions Holdings Inc. located?

The company has a strong presence in the United States and China.

How does CCC Intelligent Solutions generate revenue?

CCC generates the majority of its revenue through software subscriptions and professional services.

What industries does CCC Intelligent Solutions serve?

CCC serves the automotive and property & casualty insurance industries.

What is CCC's SaaS platform used for?

CCC's SaaS platform connects trading partners, facilitates commerce, and supports AI-enabled digital workflows.

How does CCC help after an accident?

CCC's solutions help people get back into their cars quickly by integrating insurers, auto manufacturers, repairers, and part suppliers.

What are some recent advancements at CCC?

Recent advancements include innovations in telematics, ridesharing, autonomous vehicles, and usage-based insurance.

Who can benefit from CCC's solutions?

Insurers, auto manufacturers, repairers, part suppliers, and drivers can all benefit from CCC's technology solutions.

How long has CCC Intelligent Solutions been in operation?

CCC has been a pioneer in its field for over 30 years.

What makes CCC a leader in its industry?

CCC's innovative software development, exceptional customer service, and unique, insightful analysis make it a leader in the automotive and insurance technology industries.

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CCC Intelligent Solutions Holdings Inc.

Nasdaq:CCCS

CCCS Rankings

#1005 Ranked by Market Cap
N/A Ranked by Dividends

CCCS Stock Data

7.64B
420.83M
3.9%
99.63%
2.74%
Software - Application
Services-prepackaged Software
Link
United States of America
CHICAGO