CCC Intelligent Solutions Q1 revenue, adjusted EBITDA beat on AI boost

Overview

• SaaS and AI insurance platform's Q1 revenue rose 12%, beating analyst expectations

• Adjusted EBITDA for Q1 beat analyst expectations, margin expanded to 43%

• Company repurchased about 43 mln shares and an additional $100 mln of stock in Q1

Outlook

• CCC sees Q2 2026 revenue between $283 mln and $285 mln

• Company expects Q2 2026 adjusted EBITDA of $111 mln to $113 mln

• CCC forecasts full-year 2026 revenue of $1.155 bln to $1.163 bln

• Company expects full-year 2026 adjusted EBITDA of $484 mln to $490 mln

Result Drivers

• PLATFORM AND AI ADOPTION - Co said revenue growth and margin expansion were driven by strong demand and increasing adoption of its core platform and AI-based solutions across its customer base

• LARGE INSURER AGREEMENTS - Multi-year agreements with top-five insurers for Auto Physical Damage and Casualty platforms contributed to growth

Company press release: ID:nGNX461QLg

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy"

• Wall Street's median 12-month price target for CCC Intelligent Solutions Holdings Inc is $9.00, about 86.7% above its April 29 closing price of $4.82

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 19 three months ago

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