Hagerty (HGTY) Could Be 23% Below Fair Value After Rare Ferrari Enzo Auction News

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge.

Hagerty stock in focus after rare Ferrari Enzo auction announcement

The upcoming Broad Arrow auction of a rare 2003 Ferrari Enzo during Monterey Car Week has put Hagerty (HGTY) in the spotlight for collectors. Investors are watching how this high profile event ties into the company's broader marketplace business.

See our latest analysis for Hagerty.

At a share price of $11.52, Hagerty's recent performance has been mixed, with the stock down over the year to date but showing an 11.41% 90 day share price return and a 39.13% three year total shareholder return that points to longer term resilience.

If this Ferrari Enzo auction has you thinking about other opportunities linked to structural themes, it could be a good time to broaden your search and uncover 19 top founder-led companies

After an 11.41% 90 day share price gain and a longer term return profile that looks more resilient, Hagerty now sits at US$11.52. Does the current valuation still leave the balance of risk and reward on the buyers' side?

Most Popular Narrative: 23.2% Undervalued

Compared with Hagerty's last close at $11.52, the most followed narrative points to a higher fair value of $15.00, which sets up a more optimistic story.

The shift toward Hagerty Re retaining 100% of the underwriting risk on the U.S. book, combined with an 87% combined ratio and a 77% rise in adjusted EBITDA to US$85 million in Q1 2026, points to greater control over insurance economics that can support higher earnings and cash flow over time.

Read the complete narrative.

Curious how Hagerty's underwriting shift, membership engine and marketplace ambitions feed into that higher fair value? The narrative focuses on faster earnings growth, rising margins and a different profit mix that is very specific to this business model.

Result: Fair Value of $15.00 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, Hagerty's story still carries real risk if collector car enthusiasm cools or if the move to retaining 100% of U.S. underwriting risk puts pressure on the combined ratio.

Find out about the key risks to this Hagerty narrative.

Another View on Hagerty valuation

There is a clear gap between the narrative fair value of $15.00 and what the SWS DCF model suggests. On that cash flow view, Hagerty at $11.52 trades above an estimated value of $6.73, which indicates an overvalued stock rather than an undervalued one. Which view do you think aligns better with the risks you are willing to take?

Story Continues

Look into how the SWS DCF model arrives at its fair value.HGTY Discounted Cash Flow as at Jul 2026

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Hagerty for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 56 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.

Next Steps

If the mix of optimism and caution around Hagerty feels familiar, that is the point. Use the full data set, pressure test the assumptions, and see whether the story fits your risk appetite with 2 key rewards.

Looking for more Hagerty related investment ideas?

If Hagerty has sharpened your focus, do not stop here. Use the Simply Wall Street Screener to uncover other opportunities that could fit your portfolio.

Spot potential bargains early by scanning 56 high quality undervalued stocks that pair quality fundamentals with prices below their estimated worth. Build a steadier income stream by reviewing 8 dividend fortresses that emphasise higher yields with an eye on resilience. Prioritise capital preservation by searching 89 resilient stocks with low risk scores that score well on financial strength and risk controls.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include HGTY.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

View Comments