Hagerty, Inc. provides insurance agency services worldwide. It offers automobile and boat insurance products; and reinsurance products. The company also provides Hagerty Media, which publishes contents through the HDC Magazine, video content, YouTube channel; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts; HVT, a valuation tool used by the customer to access current and historic pricing data of collector car, truck, SUV, and motorcycle models; and Hagerty Events, an eclectic mix of small and large events. In addition, it offers DriveShare, a peer-to-peer rental platform for collector and cool vehicles; Motorsport Reg, a motorsport membership, licensing, and event online management system that automates event listings, registration, and payment processing for various motorsport events; and Hagerty Garage + Social, a platform that provides clubhouses and car storage facilities. The company is headquartered in Traverse City, Michigan.

Hagerty, Inc.

Hagerty was built by people who love cars. We began as a niche insurance agency offering coverage for collector cars. We’re now a global automotive enthusiast brand and the world’s largest membership organization for car lovers. It's all driven by our love for cars.

Our purpose is saving driving. We exist to fuel car culture and ultimately save driving for future generations. Our mission is building a global business to fund our purpose, create a space where team members thrive; and drive positive impact throughout the world.

Driving is who we are. Hagerty offers integrated membership products and programs with unique experiences that bring together automotive enthusiasts across the globe. We connect people who love cars through our Hagerty Drivers Club (620,000+ members), entertainment and events such as the Greenwich Concours d’Elegance, the Concours d’Elegance of America, and the California Mille, as well as valuation capabilities, DriveShare, Media, and Garage + Social.

Hagerty is always looking for talented new team members to help us drive forward. If our purpose, mission and beliefs resonate with you, let’s talk about getting you behind the wheel.

Hagerty

Is Jaguar, as a brand, on the rocks? That’s the growing sense in the collector car industry, at least. For decades, classics like the XK 120, XK 140, XK 150 and E-Type have been mainstays for dealers, brokers, and buyers, but lately they don’t seem to generate the same market excitement they once did. They are getting harder to sell, and over the past five years many prices are either stagnant or decreasing.

#hagerty #jaguar #collectorcars #cars 

Celebrating 40 years behind the wheel. 🚘 

More and more classic Japanese cars continue to impress on the auction block, and on the road. No longer an undiscovered country, the Japanese collector car market is firmly established and still growing.

#classiccars #cars #honda #toyota #mazda #lexus #subaru #nissan #hagerty #suzuki #collectorcars

One of the signature cars at Hagerty's Amelia Auction next week on Amelia Island, Florida, is this stunning 1988 Porsche 959 SC Reimagined by Canepa. 
For more on the entire auction lineup, visit https://lnkd.in/gifvT9Aa

#hagerty #broadarrowauctions #collectorcars #carauctions #porsche

Thanks to the Traverse City Record-Eagle (our hometown newspaper!) for including Sabrina Wheaton, director of Member Service Center operations at Hagerty and chair of our Women’s Employee Resource Group, in their article on employee mentoring. 

Sabrina's take on the subject: “At Hagerty, investing in our female talent aligns with our values and our focus on building an inclusive culture. “We regularly audit gender equity from a compensation standpoint to reconcile pay gaps and recently introduced a Women’s Employee Resource group to offer our female team members and allies opportunities to learn, build their networks and grow personally and professionally as they navigate their careers.”

#traversecityrecordeagle #hagerty #traversecity #ERGs #employment #inclusiveculture #jobs #retention 

	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	301.70M -	397.27M 31.68%	499.55M 25.74%	576.54M 15.41%	829.49M 43.87%	1.01B 21.97%
cost of revenue				171.90M -	288.61M 67.89%	216.90M 24.85%
gross profit	301.70M -	397.27M 31.68%	499.55M 25.74%	404.64M 19.00%	540.88M 33.67%	794.86M 46.96%
selling and marketing expenses	70.02M -	84.19M 20.24%	86.21M 2.40%	107.48M 24.68%	140.78M 30.98%	156.38M 11.08%
general and administrative expenses	127.91M -	153.32M 19.87%	188.70M 23.07%	236.46M 25.31%	288.61M 22.05%	302.33M 4.75%
selling general and administrative expenses	197.92M -	237.51M 20.00%	274.90M 15.75%	343.94M 25.11%	429.39M 24.84%	458.71M 6.83%
research and development expenses
other expenses	-16.71K -	148.92M 891,130.28%	208.80M 40.21%	-1.01B 584.57%	477.48M 147.19%	-756.32M 258.40%
cost and expenses	293.10M -	385.82M 31.63%	484.69M 25.63%	631.14M 30.22%	818.39M 29.67%	-976.98M 219.38%
operating expenses	293.09M -	386.43M 31.85%	483.70M 25.17%	-667.83M 238.07%	566.54M 184.83%	756.32M 33.50%
interest expense				-1.99M -	2.03M 201.76%	22.82M 1,025.30%
ebitda	16.37M -	19.80M 20.96%	27.65M 39.64%	-69.15M 350.12%	75.01M 208.48%	113.40M 51.18%
operating income	8.61M -	10.85M 25.96%	15.85M 46.07%	-91.29M 676.11%	41.12M 145.05%	10.41M 74.69%
depreciation and amortization	7.75M -	8.95M 15.42%	11.80M 31.83%	22.14M 87.67%	33.89M 53.03%	45.81M 35.18%
total other income expenses net	30.39M -	607.95K 98.00%	-986.48K 262.26%	36.69M 3,819.08%	-30.03M 181.84%	44.77M 249.11%
income before tax	8.60M -	11.46M 33.28%	14.86M 29.71%	-54.60M 467.46%	11.10M 120.32%	44.77M 303.50%
income tax expense	121.81K -	7.25M 5,852.05%	4.82M 33.51%	6.75M 40.05%	7.02M 3.94%	16.59M 136.47%
net income	8.47M -	4.21M 50.37%	10.17M 141.71%	-61.35M 703.52%	4.08M 106.65%	20.23M 395.98%
weighted average shs out	82.33M -	82.33M 0%	82.33M 0%	82.33M 0.00%	82.73M 0.49%	340.32M 311.38%
weighted average shs out dil	82.33M -	82.33M 0%	82.33M 0%	82.33M 0.00%	336.15M 308.31%	340.32M 1.24%
eps	0.10 -	0.05 48.90%	0.12 134.83%	-0.75 725%	0.05 106.57%	0.19 285.40%
epsdiluted	0.10 -	0.05 48.90%	0.12 134.83%	-0.75 725%	0.01 101.61%	0.09 671.90%

COM:HAGERTY

Hagerty, Inc.

Last Close

11.51

22/11 21:00

Market Cap

959.88M

Beta: -

Volume Today

191.43K

Avg: -

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