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Hagerty, Inc. - HGTY STOCK NEWS

Welcome to our dedicated page for Hagerty news (Ticker: HGTY), a resource for investors and traders seeking the latest updates and insights on Hagerty stock.

Hagerty, Inc. (NYSE: HGTY) is a globally recognized automotive enthusiast brand, deeply rooted in the car culture with a mission to save driving for future generations. Established initially as a niche insurance agency focusing on collector cars, Hagerty has grown into the world’s largest membership organization for car lovers. The company's offerings include specialty automotive insurance, car valuation data and insights, live and digital car auction services, and a suite of immersive events catering to car enthusiasts.

Hagerty's core business revolves around providing specialty automotive insurance, underwriting, selling, and servicing policies for classic cars and enthusiast vehicles. The majority of its revenue comes from commissions and fees, and it serves customers in Europe, Canada, and the United States.

Key to Hagerty’s appeal is its Hagerty Drivers Club, which boasts over 800,000 members globally. The club offers integrated membership products and unique programs that create engaging experiences for car lovers. Events like the Greenwich Concours d’Elegance and the California Mille, alongside media and valuation services, further cement Hagerty's position in the automotive community.

Hagerty is also notable for its extensive media presence, providing automotive content through various channels including the recently launched Hagerty Media on Samsung TV Plus, reaching millions of viewers with original programming.

Financially, Hagerty has demonstrated robust growth, achieving over $1 billion in revenue in 2023, with expectations of continued strong performance in 2024. The company’s strategic focus on efficiency and expanding its product offerings has resulted in significant profitability improvements. Hagerty is also actively involved in community and environmental initiatives, embodying a purpose-driven approach to its business operations.

News

Dale Earnhardt Jr., Jeff Gordon and Rick Hendrick to be Featured Guests During Famed "Racers' Concours" Week at The Amelia

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The Amelia returns in 2024 with a week-long celebration of motoring excellence in Amelia Island, Florida, featuring activities such as getting behind the wheel of enthusiast cars, panels with racing legends, and auctions. The event will include seminars, the Mobil 1 Hagerty Ride & Drive program, the Porsche Driving Experience, and auctions by Broad Arrow Auctions, Gooding and Company, Bonhams, and a silent auction. Additional events include Cars and Community, RADwood, the Annual Porsche Winemaker's Dinner, The Hangar, and Werks Reunion. The event will also feature showcases from various partners such as Airbus Corporate Jets, BMW North America, Chopard USA, and more.
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Hagerty names Arjun H. Chowdri as Senior Vice President of Membership & Retention

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Hagerty, Inc. has appointed Arjun H. Chowdri as its new Senior Vice President of Membership and Retention. Arjun will lead the company's global membership programs, including the Hagerty Driver's Club, the world's largest paid car club with more than 800,000 members. Additionally, Arjun will lead Hagerty's Garage and Social business, a portfolio of five premium car storage and clubhouse locations across the US and Canada. Chowdri brings two decades of experience with lifestyle brands, having previously served as Chief Administrative and Innovation Officer for the PGA of America and leading the sports and entertainment marketing efforts behind Coca-Cola's Glaceau brands. His appointment is expected to enhance Hagerty's membership programs and retention marketing efforts, leveraging his expertise in developing new initiatives and services, international expansion, and guiding investments.
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Hagerty launches channel on Samsung TV Plus featuring hundreds of hours of free, premium automotive content

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Hagerty (HGTY) launches Hagerty Media content and livestreams, expanding its reach to millions of automotive enthusiasts
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The 10 Collector Cars to Watch Next Year: Hagerty Announces 2024 Bull Market List

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Hagerty, Inc. (NYSE: HGTY) has announced its annual 2024 U.S. Bull Market list, featuring a selection of wide-ranging enthusiast vehicles expected to increase in value over the next year. Compiled by the brand's automotive intelligence team using public and private sales, insurance valuations, and historic trends, the list includes vehicles from various decades and genres. Notable inclusions are the 2008-2013 BMW M3, 1965-1970 Chevrolet Impala SS, 1946-1950 Chrysler Town & Country, 2011-2016 Ferrari FF, 1964-1966 Ford Thunderbird, 2000-2005 Jaguar XKR, 1981-1986 Jeep CJ-8 Scrambler, 1989 Lamborghini Countach 25th Anniversary, 1997-1999 Mitsubishi Pajero Evolution, and 1997-2002 Plymouth Prowler.
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Hagerty names Gary Chard as new Senior Vice President of Marketplace Operations

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Hagerty, Inc. (NYSE: HGTY) has appointed Gary Chard as its new Senior Vice President of Marketplace Operations. Chard, a seasoned industry professional, will lead Hagerty's Marketplace operations to support members and enthusiasts in buying, selling, and financing collector cars. Hagerty aims to capture a larger share of the $4 billion auction market and the estimated $100+ billion global collector car transaction market.
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Rick Hendrick Named Honoree at The Amelia in 2024

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Hendrick Motorsports: Rick Hendrick Named Honoree at The Amelia 2024. The press release announces Rick Hendrick as the Honoree at The Amelia in 2024, highlighting his achievements in NASCAR and the automotive industry. The event will feature a special display of vehicles from Hendrick's collection, including a Chevrolet Camaro ZL1 prepared for the 2023 24 Hours of Le Mans. The Amelia will have various special concours classes, including Japanese performance cars of the 90s, Porsche: 911 The Original Owners Club, Cars of Pike's Peak, Bugatti Type 57, and two classes featuring Ferrari 250 Competition and Grand Touring Cars. The event will take place at The Ritz Carlton, Amelia Island from February 29 to March 3, 2024
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The George Foreman Collection is Live for Auction on Hagerty Marketplace: 52 Classic, Enthusiast, Muscle, and Sports Cars, All Offered Without Reserve and Available for Bidding Now

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HGTY: Hagerty, Inc. Announces Online Auction of George Foreman's Collection of 50+ Collector Cars on Hagerty Marketplace
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Hagerty Reports Third Quarter 2023 Results; Increases 2023 Outlook

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Hagerty, Inc. (NYSE: HGTY) announced third quarter 2023 financial results, reporting a 27% increase in Total Revenue to $275.6 million and a 28% increase in year-to-date Total Revenue to $755.2 million. Despite a 23% decrease in Net Income for the quarter, Adjusted EBITDA increased to $37.4 million, with a positive outlook for 2023.
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duPont REGISTRY Group Partners with Hagerty to Launch Luxury Automotive Insurance Offering

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duPont REGISTRY Group launches duPont REGISTRY Insurance, a licensed insurance agency offering high-quality coverage and white glove service for high-end car owners. The division partners with Hagerty to provide competitive insurance premium rates and exclusive benefits. The insurance coverage is available nationwide, and additional perks include a free subscription to duPont REGISTRY magazine and free listings on duPontREGISTRY.com for insured vehicles.
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Hagerty to Report Third Quarter 2023 Results and Host Conference Call on Wednesday, November 8, 2023

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Hagerty, Inc. to report Q3 2023 financial results on November 8, 2023.
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FAQ

What is the current stock price of Hagerty (HGTY)?

The current stock price of Hagerty (HGTY) is $10.41 as of December 20, 2024.

What is the market cap of Hagerty (HGTY)?

The market cap of Hagerty (HGTY) is approximately 953.4M.

What is Hagerty, Inc.?

Hagerty, Inc. is an automotive enthusiast brand and a leading provider of specialty vehicle insurance, car valuation data, and immersive events aimed at car lovers.

What services does Hagerty offer?

Hagerty offers specialty automotive insurance, car valuation data and insights, live and digital car auction services, and various immersive events for car enthusiasts.

What is the Hagerty Drivers Club?

The Hagerty Drivers Club is a community with over 800,000 members that provides integrated membership products and unique automotive experiences worldwide.

Where does Hagerty operate?

Hagerty operates in Europe, Canada, and the United States, catering to car enthusiasts globally.

How does Hagerty generate revenue?

Hagerty generates revenue primarily through commissions and fees from underwriting, selling, and servicing specialty automotive insurance policies.

What recent achievements has Hagerty announced?

Hagerty recently surpassed $1 billion in revenue for 2023 and launched Hagerty Media content on Samsung TV Plus, extending its media reach.

What is Hagerty’s mission?

Hagerty’s mission is to save driving and fuel car culture for future generations by building a global business that offers comprehensive automotive enthusiast services.

What types of events does Hagerty host?

Hagerty hosts a variety of automotive events including the Greenwich Concours d’Elegance, the California Mille, and auctions through Broad Arrow Auctions.

How has Hagerty performed financially?

Hagerty has shown strong financial performance, with a reported revenue growth of 27% in 2023 and significant improvements in profitability.

What is Hagerty Impact?

Hagerty Impact is an initiative aimed at driving positive change on environmental and community issues that matter to its members and the broader automotive community.

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Hagerty, Inc.

NYSE:HGTY

HGTY Rankings

#2577 Ranked by Market Cap
N/A Ranked by Dividends

HGTY Stock Data

953.44M
81.69M
8.99%
82.35%
0.36%
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