Oppenheimer has initiated coverage on Hagerty Inc (HGTY) with an Outperform rating as of September 16, 2025. The current stock price stands at $13.26, marking the firm's first assessment of the company's investment potential based on its research and analysis of business fundamentals, industry dynamics, and growth prospects.
Hagerty Inc operates within the insurance industry, specializing in automotive insurance services. The company, headquartered in Traverse City, Michigan, employs 1,733 full-time staff and provides insurance for approximately 2.6 million collector cars and enthusiast vehicles. It acts as a Managing General Agent (MGA), underwriting and servicing collector car insurance policies, while also offering Hagerty Drivers Club memberships that include various automotive services and discounts.
As of November 1, 2025, the analyst consensus for Hagerty Inc shows 3 Strong Buy, 5 Buy, 5 Hold, 1 Sell, and no Strong Sell ratings, with an overall consensus rating of Buy. The company has a market capitalization of $4.3 billion, a trailing P/E ratio of 155.55, and an EPS of 0.23. Upcoming earnings reports are anticipated on August 3, 2026, with an estimated EPS of $0.13 and revenue of $351.9 million, and on May 5, 2026, with an estimated EPS of $0.11 and revenue of $307.7 million.
The move underscores Oppenheimer's confidence in Hagerty's growth potential within the specialty vehicle insurance market. Analyst ratings are subject to change as new information emerges, reflecting varying opinions on the company's performance and market conditions.