Why Shares of EverQuote Zoomed Almost 22% Higher Today

Online insurance marketplace EverQuote (NASDAQ: EVER) was a star stock on Tuesday, with its shares leaping 21.5% higher on the day. This followed the release of its results for the first quarter of fiscal 2020, featuring headline numbers that easily beat analyst estimates, and a guidance hike.

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In Q1, EverQuote grew revenue by 56% year over year to $81.4 million. The company posted an adjusted (non-GAAP) net loss, but at $1.4 million ($0.05 per share) it was much narrower than Q1 2019's deficit of nearly $4.4 million. Both headline figures topped analyst expectations.

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Source Fool.com