Why Shares of EverQuote Crashed Today

Shares of the online insurance marketplace EverQuote (NASDAQ: EVER) had dropped by 23.5% at 10:55 a.m. ET today after the company reported earnings results for the first quarter of 2022. The stock also received a downgrade from the Street.

EverQuote in Q1 reported an earnings-per-share loss of $0.19 on total revenue of $110.7 million, which actually beat analyst estimates for the quarter.

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Source Fool.com