Ccc Intelligent Solutions Hld - CCCS STOCK NEWS

CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) announced that it will release its financial results for the fourth quarter and fiscal year 2022, ending December 31, 2022, on March 1, 2023, after U.S. markets close. A conference call to discuss these results and the business outlook will occur the same day at 5:00 p.m. ET. Interested parties can access a live webcast on the Investor Relations page of the company's website. CCC is a leading SaaS platform serving the P&C insurance and repair industries, connecting over 30,000 businesses to enhance operational efficiency and customer experience.

CCC Intelligent Solutions has announced a new integration between its CCC ONE Repair Workflow and CDK Global's dealer management system, aimed at enhancing efficiency in dealer-owned collision centers. This integration will streamline operations by synchronizing crucial information such as repair orders and vehicle details, thereby reducing manual data entry and minimizing errors. According to Mark Fincher from CCC, this advancement addresses the traditional disconnect in collision repair processes. The integration promises to improve the repair management experience for both dealers and vehicle owners, ultimately enhancing operational performance.

CCC Intelligent Solutions Inc. announces the retirement of Susanna Gotsch, Sr. Director Industry Analytics, after 30 years of service. Her contributions have been significant, including the development of CCC's Crash Course publication and recognition as one of the 'Most Influential Women in the Collision Repair Industry'. Jason Verlen will lead the trends and insights team moving forward, with additional focus from Kyle Krumlauf and Erik Bahnsen on specific areas. Chairman and CEO Githesh Ramamurthy highlighted the need for expanded capabilities to address industry complexities.

CCC Intelligent Solutions has announced a collaboration with Zendrive, integrating mobile crash detection data into its claims management solutions. This partnership allows insurers to access real-time crash data, enhancing the speed and accuracy of claims resolution. By leveraging Zendrive's analytics and proprietary AI, CCC aims to transform the claims process, helping over 300 U.S. auto insurers streamline operations and improve customer experiences. This innovation supports insurers in making informed decisions during the claims process, ultimately enhancing policyholder satisfaction.

CCC Intelligent Solutions Holdings Inc. (NYSE: CCCS) announced management's participation in a virtual fireside chat hosted by Bank of America Securities on December 12, 2022, at 11:00 a.m. ET. The presentation will be available for live webcast, with replays on CCC's investor relations website. CCC is a leading SaaS platform in the P&C insurance economy, connecting over 30,000 businesses through its innovative technology, which enhances workflows and customer experiences. For more details, visit www.cccis.com.

CCC Intelligent Solutions Holdings Inc. announced the voluntary transfer of its common stock listing from the New York Stock Exchange to the Nasdaq Global Select Market, effective December 19, 2022. The stock will continue to trade under the ticker symbol CCCS. CCC provides a leading SaaS platform for the property and casualty insurance economy, connecting over 30,000 businesses with AI and IoT technologies. This strategic move aims to enhance visibility and liquidity for the company's shares.

CCC Intelligent Solutions has launched the new CCC First Party Claim Portal in partnership with USAA. This innovative digital platform aims to streamline the auto-related casualty claims process by allowing policyholders to engage with their insurers more effectively. The portal offers real-time claim status updates and mobile document sharing, enhancing transparency and ease of access for members. USAA is the first insurer to utilize this technology, which aligns with its strategy to improve the overall claims experience for customers.

CCC Intelligent Solutions has enhanced its Carwise.com collision repair services website to improve user experience. Visitors can now filter their search results to find repair facilities with specialized industry and OEM certifications. This update aims to help over 5 million unique visitors annually find qualified repair shops, contributing to better consumer safety and satisfaction. The enhancements include access to details about more than 23,000 repair facilities and certification filtering for popular automotive brands.

CCC Intelligent Solutions Holdings Inc. (CCCS) reported strong financial results for Q3 2022, with revenue of $198.7 million, a 13% increase from $176.6 million in Q3 2021. Adjusted EBITDA reached $78.1 million, growing 11% year-over-year. The company improved its full-year revenue and adjusted EBITDA guidance, anticipating $779-$781 million in revenue and $302-$304 million in adjusted EBITDA for FY 2022. CCC's gross profit margin increased to 73%, and GAAP net income was $9.8 million, compared to a loss of $189.8 million in Q3 2021. CCC continues to expand its customer base and innovate its digital solutions.