Latest news with #CCCIntelligentSolutionsHoldingsInc
Business Wire
27-05-2025
- Business
- Business Wire
CCC Intelligent Solutions Holdings Inc. to Present at William Blair Growth Stock Conference
CHICAGO--(BUSINESS WIRE)--CCC Intelligent Solutions Holdings Inc. ('CCC') (NASDAQ: CCCS), a leading SaaS platform provider for the multi-trillion dollar insurance economy, today announced that management will present at the upcoming William Blair Growth Stock Conference in Chicago, IL. The presentation is scheduled for Tuesday, June 3, 2025, at 8:00 a.m. CT / 9:00 a.m. ET. The presentation will be webcast live and replay will be available for a limited time under the 'Events & Presentations' section of CCC's investor relations website at About CCC Intelligent Solutions CCC Intelligent Solutions Inc. (CCC), a subsidiary of CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS), is a leading cloud platform provider for the multi-trillion-dollar P&C insurance economy, creating intelligent experiences for insurers, repairers, automakers, part suppliers, and more. The CCC Intelligent Experience (IX) Cloud™ platform, powered by proven AI and an innovative event-based architecture, connects more than 35,000 businesses to power customized applications and platforms for optimal outcomes and personalized experiences that just work. Through purposeful innovation and the strength of its connections, CCC technologies empower the people and industry relied upon to keep lives moving forward when it matters most. Learn more about CCC at
Yahoo
08-05-2025
- Business
- Yahoo
CCC Intelligent Solutions Holdings Inc. (CCCS): Among Stocks with Insanely High PE Ratios Insiders Are Selling
We recently published a list of . In this article, we are going to take a look at where CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) stands against other stocks with insanely high PE ratios insiders are selling. The U.S. stock market has turned into a theater of extremes right now. Growth stocks are seeing an abnormal price hike, but in some cases, it is almost proportionately met with the insiders cashing out. The flood of insider sales in companies trading at unbelievable price-to-earnings (PE) ratios has become the prime example of what would happen when euphoria crashes with caution. But why are corporate executives – the insiders who know the company best- selling shares when investors are piling in on them? Let's connect the dots. READ ALSO: Growth stocks continue to be at the center of attraction in 2025. They have been outperforming their value counterpart over the past decade, fueled by declining interest rates and increasing bets on innovation. Even when the Fed hiked the rates in 2023, growth stocks strived under pressure, with some sectors continuing to command premium valuations. Many of these companies are now trading at PE ratios that even optimistic analysts could not justify. For that reason, insiders are selling, and they are doing it aggressively. Retail investors chase fast-paced moments while corporate executives and major stakeholders pull their investments from the company. Data from the SEC's Form 4 filings reveal that insider sales for high-PE firms have increased recently, reflecting a widening gap between Wall Street's optimism and Main Street's reality. It is yet to be decided whether these sales are a vote of no confidence in the insanely high valuations or simply prudent profit-taking. To answer this, we need to look at the broader economic environment. Recently, President Trump proposed a $163 billion budget cut, which involves slashing domestic programs while concentrating on defense and border security. The reduced funding for housing, education, and healthcare could hurt consumer spending, and hence, the cut has introduced fresh uncertainty into a market where investors are already scrambling due to interest rate and tariff rate uncertainties. On the other hand, the Treasury bond market is also flashing warning signs. According to a report by Reuters, two-year yields have declined to 3.57%, nearly a full percentage point below the Fed's benchmark rate. Treasury Secretary Scott Bessent calls the gap a clear signal for rate cuts. When we look back at history, we will see that these dislocations usually preceded economic slowdowns, and in such an environment, the high PE stocks that could not meet the inflated expectations with their earnings will fall. That said, high PE ratios are not always bad. They often reflect the market's confidence in the company's future growth. But when insiders start to dump the stocks amid geopolitical disturbances and rate cut debates, we cannot help but wonder whether this is calm before a storm. And it is here we must exercise caution. From our picks, you could see a red flag or a buying opportunity. However, one thing is clear. In today's market, ignoring the warning signs could be the riskiest move. We have followed a few criteria when putting together our list of 10 stocks with unbelievably high PE ratios, being sold by insiders. All the stocks in the list have a PE ratio of 35 or more, which defines the term insanely-high for our article. We have further reduced the number of stocks to 10 by considering only those with an insider selling of 5% change or more in the last 6 months. This is to ensure that the potential investors are aware of the change in institutional mindset for stocks with an upward-trending PE ratio. Based on this insider selling, our picks have been ranked from 10 to 1. All the data in the article was taken from financial databases and analyst reports, with all information updated as of May 05, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A data analyst with a headset, looking intently at the information unfolding on her screen. CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) provides cloud-based AI and analytics software to the automotive, insurance, and collision repair industries. The company's client base is comprised of insurers and repair shops. The company operates in Illinois and facilitates claims processing, estimating, and digital customer engagement for its clients. CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS)'s recurring revenue model and long-term client contracts support its financial stability, while digital transformation in insurance workflows and automotive repair technology adoption in North America ensure continuous growth for the company. CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) reported a strong revenue growth of 8% year-over-year in Q4 2024. By adding over 1,000 new collision repair facilities, the company has expanded its network in the sector. Another significant contributor to this expansion strategy is the growth in active technology and service providers of 200. Meanwhile, the company anticipates a moderate EBITDA loss in 2025, owing to the integration of EvolutionIQ. However, with a 9% year-over-year decline in auto physical damage in Q1 2025, the company's value may be affected later in the year. CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS)'s massive P/E ratio of 226.35 implies extreme bullishness incorporated into the price. It far surpasses the traditional valuation benchmarks. Insider selling, however, climbed by 50.48%, indicating that the internal investors are capitalizing on the premium market perception, which, from the external investors' point of view, should represent an overheated stock. Overall, CCCS ranks 3rd on our list of stocks with insanely high PE ratios insiders are selling. While we acknowledge the potential of CCCS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CCCS but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-05-2025
- Business
- Yahoo
Will CCC Intelligent Solutions Holdings (CCCS) Benefit from growth in the Used Car Market?
Artisan Partners, an investment management company, released its 'Artisan Mid Cap Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund's Investor Class fund ARTMX returned -7.40%, Advisor Class fund APDMX posted a return of -7.37%, and Institutional Class fund APHMX returned -7.35%, compared to a -7.12% return for the Russell Midcap Growth Index. US equities achieved solid Q4 gains, concluding a strong year. After a period of strong growth stock performance in 2023 and 2024, value stocks gained the lead in Q1 2025. In a risk-averse environment, investors shifted towards lower-volatility equities, especially in the utilities and consumer staples sectors, alongside those with higher dividend yields. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Artisan Mid Cap Fund highlighted stocks such as CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS). CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) is a software-as-a-service provider for the P&C insurance economy. The one-month return of CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) was 1.88%, and its shares lost 15.69% of their value over the last 52 weeks. On May 5, 2025, CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) stock closed at $9.19 per share with a market capitalization of $6.056 billion. Artisan Mid Cap Fund stated the following regarding CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) in its Q1 2025 investor letter: "Notable adds in the quarter included DoorDash, CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) and Bright Horizons. CCC Intelligent Solutions is the largest software provider for accident claims processing by US insurance companies and for the US auto repair facilities market. The company's scale and longevity (founded in 1980) give it knowledge advantages in areas such as expected repair costs, parts availability and repair workflows. We believe the company will drive growth by continuing to cross-sell and up-sell to its legacy customer base, expand its market share and use AI to leverage its vast amounts of industry data in order to help customers realize productivity gains. Similar to AutoZone, we believe the used car market, and related maintenance activity, should experience resilient growth in an environment where new car prices are likely to rise due to tariffs. We added to our position." Is CCC Intelligent Solutions Holdings Inc. (CCCS) the Best Cloud Computing Stock to Buy Under $10? A data analyst with a headset, looking intently at the information unfolding on her screen.
Business Wire
06-05-2025
- Business
- Business Wire
CCC Intelligent Solutions Holdings Inc. Announces First Quarter 2025 Financial Results
CHICAGO--(BUSINESS WIRE)--CCC Intelligent Solutions Holdings Inc. ('CCC' or the 'Company') (NASDAQ: CCCS), a leading SaaS platform provider for the multi-trillion dollar insurance economy, today announced its financial results for the three months ended March 31, 2025. 'CCC delivered strong first quarter results, highlighted by 11% year-over-year revenue growth and adjusted EBITDA margin of 39% – both above our guidance ranges. Our solid start to 2025 reflects multiple new business wins, renewals, and contract expansions across our customer groups, and reinforces the strength of our business model, multisided network, and customer-focused innovation,' said Githesh Ramamurthy, Chairman & CEO of CCC. 'The integration of EvolutionIQ is proceeding on plan and the expected launch of Medhub for Casualty is ahead of schedule. We intend for this to be the first of many new solutions that provide AI-powered synthesis and best next action recommendations based on insurer preferences to enhance insurers' ability to consistently manage increasingly complex injury claims and achieve better outcomes,' continued Ramamurthy. 'We view this as an important step in accelerating our vision of deploying intelligent experiences across the insurance economy.' First Quarter 2025 Financial Highlights Revenue Total revenue was $251.6 million for the first quarter of 2025, an increase of 11% from $227.2 million for the first quarter of 2024. Profitability GAAP gross profit was $185.0 million, representing a gross margin of 74%, for the first quarter of 2025, compared with $167.9 million, representing a gross margin of 74%, for the first quarter of 2024. Adjusted gross profit was $192.5 million, representing an adjusted gross profit margin of 77%, for the first quarter of 2025, compared with $177.0 million, representing an adjusted gross profit margin of 78%, for the first quarter of 2024. GAAP operating loss was $10.7 million for the first quarter of 2025, compared with GAAP operating income of $7.8 million for the first quarter of 2024. Adjusted operating income was $85.3 million for the first quarter of 2025, compared with adjusted operating income of $84.1 million for the first quarter of 2024. GAAP net loss was $17.4 million for the first quarter of 2025, compared with GAAP net loss of $0.6 million for the first quarter of 2024. Adjusted net income was $54.5 million for the first quarter of 2025, compared with adjusted net income of $54.8 million for the first quarter of 2024. Adjusted EBITDA was $99.1 million for the first quarter of 2025, compared with adjusted EBITDA of $93.7 million for the first quarter of 2024. Adjusted EBITDA grew 6% in the first quarter of 2025 compared with the first quarter of 2024. Liquidity CCC had $130.3 million in cash and cash equivalents and $998.5 million of total debt on March 31, 2025. The Company generated $58.5 million in cash from operating activities and had free cash flow of $43.6 million during the first quarter of 2025, compared with $55.2 million in cash generated from operating activities and $39.6 million in free cash flow for the first quarter of 2024. 1 st Quarter and Recent Business Highlights CCC announced that Caliber Collision, the nation's largest auto collision repair provider, has extended its relationship with CCC. Through this multi-year renewal, Caliber will continue to use a broad suite of CCC ONE® solutions, including the addition of CCC® Diagnostics Workflow and CCC® Build Sheets, to streamline operations and enhance services across its repair facilities. With more than 1,800 locations, Caliber offers comprehensive auto repair services across 41 states. Caliber began working with CCC when it had just 100 locations and has grown alongside CCC's technology, leveraging CCC ONE to support its expansion and enhance operational efficiency. By renewing and extending its relationship with CCC, we believe Caliber will be able to drive greater efficiency in vehicle diagnostics and repair planning. CCC announced plans to accelerate the inclusion of EvolutionIQ's proven, high-impact AI in CCC's auto casualty offerings. This next generation of solutions is being designed to provide AI-powered synthesis and best next action recommendations based on insurer preferences to enhance insurers' ability to consistently manage increasingly complex injury claims and achieve better outcomes. Medhub for Casualty will be the first available product with an expected launch in Q3, and a further expectation that it will be followed by other planned innovations leveraging EvolutionIQ's claims guidance across the auto casualty claims lifecycle in later quarters. CCC recently signed a large OEM with a captive insurance business and a leading market position in EVs. This new relationship is with both the insurance and the collision repair sides of the business and CCC's solutions are expected to deliver a stair-step improvement in the OEM's operating efficiency and consumer experience. This signing reflects the continued expansion of the CCC network as well as the applicability of CCC's solutions across the broader insurance economy. Business Outlook Based on information as of today, May 6, 2025, the Company is issuing the following financial guidance: Conference Call Information CCC will host a conference call today, May 6, 2025, at 8:00 a.m. (Eastern Time) to discuss the Company's financial results and financial guidance. A live webcast of this conference call will be available on the 'Investor Relations' page of the Company's website at and a replay will be archived on the website as well. About CCC Intelligent Solutions CCC Intelligent Solutions Inc. (CCC), a subsidiary of CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS), is a leading SaaS platform provider for the multi-trillion-dollar insurance economy, creating intelligent experiences for insurers, repairers, automakers, part suppliers, and more. The CCC Intelligent Experience (IX) Cloud™ platform, powered by proven AI and an innovative event-based architecture, connects more than 35,000 businesses to power customized applications and platforms for optimal outcomes and personalized experiences that just work. Through purposeful innovation and the strength of its connections, CCC technologies empower the people and industry relied upon to keep lives moving forward when it matters most. Learn more about CCC at Forward Looking Statements This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: 'may,' 'will,' 'could,' 'would,' 'should,' 'expect,' 'intend,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'project,' 'potential,' 'continue,' 'ongoing' or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Forward-looking statements in this press release include, but are not limited to, future events, goals, plans and projections regarding the Company's financial position, results of operations, market position, product development and business strategy. Such differences may be material. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward looking statements are subject to a number of risks and uncertainties, including, among others, our revenues, the concentration of our customers and the ability to retain our current customers; our ability to negotiate with our customers on favorable terms; our ability to maintain and grow our brand and reputation cost-effectively; the execution of our growth strategy; the impact of public health outbreaks, epidemics or pandemics on our business and results of operations; our projected financial information, growth rate and market opportunity; the health of our industry, claim volumes, and market conditions; changes in the insurance and automotive collision industries, including the adoption of new technologies; global economic conditions and geopolitical events, including the imposition of trade tariffs, supply chain disruption and inflationary; competition in our market and our ability to retain and grow market share; our ability to develop, introduce and market new enhanced versions of our solutions; our sales and implementation cycles; the ability of our research and development efforts to create significant new revenue streams; changes in applicable laws or regulations; changes in international economic, political, social and governmental conditions and policies, including corruption risks in China and other countries; our reliance on third-party data, technology and intellectual property; changes in our customers' or the public's perceptions regarding the use of artificial intelligence; our ability to protect our intellectual property; our ability to keep our data and information systems secure from data security breaches; our ability to acquire or invest in companies or pursue business partnerships; our ability to raise financing in the future and improve our capital structure; our success in retaining or recruiting, or changes required in, our officers, key employees or directors; our estimates regarding expenses, future revenue, capital requirements and needs for additional financing; our ability to expand or maintain our existing customer base; our ability to service our indebtedness; and other risks and uncertainties, including those included under the header 'Risk Factors' in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission ('SEC'), which can be obtained, without charge, at the SEC's website ( and in our other filings with the SEC. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release. Non-GAAP Financial Measures This press release includes certain financial measures not presented in accordance with generally accepted accounting principles in the U.S. ('GAAP'), including, but not limited to, 'adjusted EBITDA,' 'adjusted EBITDA margin,' 'adjusted net income,' 'adjusted operating income,' 'adjusted gross profit,' 'adjusted gross profit margin,' 'adjusted operating expenses,' and 'free cash flow' in each case presented on a non-GAAP basis, and certain ratios and other metrics derived therefrom. These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing the Company's financial results. Therefore, these measures should not be considered in isolation or as an alternative to other measures of profitability, liquidity or performance under GAAP. You should be aware that the Company's calculation of these non-GAAP measures may not be comparable to similarly-titled measures used by other companies. The Company believes these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to the Company's financial condition and results of operations. The Company believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company's financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. These non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. Please refer to the reconciliations of these measures below to what the Company believes are the most directly comparable measures evaluated in accordance with GAAP. This press release also includes certain projections of non-GAAP financial measures. Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from these projected measures, together with some of the excluded information not being ascertainable or accessible, the Company is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures without unreasonable effort. Consequently, no disclosure of estimated comparable GAAP measures is included and no reconciliation of the forward-looking non-GAAP financial measures is included for these projections. CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES (In thousands, except share and per share data) (Unaudited) For the Three Months Ended March 31, 2025 2024 REVENUES $ 251,565 $ 227,237 COST OF REVENUES Cost of revenues, exclusive of amortization of acquired technologies 62,205 52,808 Amortization of acquired technologies 4,368 6,567 Total cost of revenues 66,573 59,375 GROSS PROFIT 184,992 167,862 OPERATING EXPENSES: Research and development 61,763 49,477 Selling and marketing 48,297 35,586 General and administrative 67,119 57,060 Amortization of intangible assets 18,512 17,942 Total operating expenses 195,691 160,065 OPERATING (LOSS) INCOME (10,699 ) 7,797 INTEREST EXPENSE (16,926 ) (16,452 ) INTEREST INCOME 1,948 2,467 CHANGE IN FAIR VALUE OF WARRANT LIABILITIES — (1,585 ) OTHER (EXPENSE) INCOME—NET (5,097 ) 2,939 PRETAX LOSS (30,774 ) (4,834 ) INCOME TAX BENEFIT 13,353 4,237 NET LOSS INCLUDING NON-CONTROLLING INTEREST (17,421 ) (597 ) LESS: ACCRETION OF REDEEMABLE NON-CONTROLLING INTEREST (1,276 ) (1,142 ) NET LOSS ATTRIBUTABLE TO CCC INTELLIGENT SOLUTIONS HOLDINGS INC. COMMON STOCKHOLDERS $ (18,697 ) $ (1,739 ) Net loss per share attributable to common stockholders: Basic $ (0.03 ) $ (0.00 ) Diluted $ (0.03 ) $ (0.00 ) Weighted-average shares used in computing net loss per share attributable to common stockholders: Basic 636,832,216 598,279,377 Diluted 636,832,216 598,279,377 COMPREHENSIVE LOSS: Net loss including non-controlling interest (17,421 ) (597 ) Other comprehensive income (loss)—Foreign currency translation adjustment (15 ) (75 ) COMPREHENSIVE LOSS INCLUDING NON-CONTROLLING INTEREST (17,436 ) (672 ) Less: accretion of redeemable non-controlling interest (1,276 ) (1,142 ) COMPREHENSIVE LOSS ATTRIBUTABLE TO CCC INTELLIGENT SOLUTIONS HOLDINGS INC. COMMON STOCKHOLDERS $ (18,712 ) $ (1,814 ) Expand CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) For the Three Months Ended March 31, 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (17,421 ) $ (597 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization of software, equipment, and property 13,595 9,442 Amortization of intangible assets 22,880 24,509 Deferred income taxes (13,354 ) (12,055 ) Stock-based compensation 61,048 44,971 Amortization of deferred financing fees 474 462 Amortization of discount on debt 47 62 Change in fair value of derivative instruments 5,741 (718 ) Change in fair value of warrant liabilities — 1,585 Loss on disposal of software, equipment and property — 253 Other — 71 Changes in: Accounts receivable—Net 7,364 370 Deferred contract costs (511 ) (793 ) Other current assets (2,394 ) 992 Deferred contract costs—Non-current (603 ) 842 Other assets (2,346 ) 144 Operating lease assets 701 (710 ) Income taxes (1,100 ) 7,235 Accounts payable 4,956 7,395 Accrued expenses (20,983 ) (31,153 ) Operating lease liabilities (1,292 ) 298 Deferred revenues 1,604 1,697 Other liabilities 86 933 Net cash provided by operating activities 58,492 55,235 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of software, equipment, and property (14,846 ) (15,663 ) Acquisition of EvolutionIQ, Inc., net of cash acquired (415,133 ) — Net cash used in investing activities (429,979 ) (15,663 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from exercise of stock options 1,004 8,901 Proceeds from employee stock purchase plan 1,650 1,833 Payments for employee taxes withheld upon vesting of equity awards (43,471 ) (52,581 ) Repurchase of common stock (72,275 ) — Proceeds from issuance of long-term debt 225,000 — Payments of fees associated with the debt modification (6,565 ) — Principal payments on long-term debt (2,503 ) (2,000 ) Net cash provided by (used in) financing activities 102,840 (43,847 ) NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (13 ) (109 ) NET CHANGE IN CASH AND CASH EQUIVALENTS (268,660 ) (4,384 ) CASH AND CASH EQUIVALENTS: Beginning of period 398,983 195,572 End of period $ 130,323 $ 191,188 NONCASH INVESTING AND FINANCING ACTIVITIES: Noncash purchases of software, equipment, and property $ — $ 646 Reclassification of redeemable non-controlling interest $ 22,955 $ — Stock issued related the Acquisition of EvolutionIQ, Inc. $ 250,441 $ — SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid for interest $ 16,358 $ 15,908 Cash paid for income taxes—Net $ 445 $ 576 Expand CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES (In thousands, except profit margin percentage data) (Unaudited) Three Months Ended March 31, (amounts in thousands, except percentages) 2025 2024 Gross Profit $ 184,992 $ 167,862 Amortization of acquired technologies 4,368 6,567 Stock-based compensation and related employer payroll tax 3,101 2,587 Adjusted Gross Profit $ 192,461 $ 177,016 Gross Profit Margin 74 % 74 % Adjusted Gross Profit Margin 77 % 78 % Expand CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES (In thousands) (Unaudited) Three Months Ended March 31, (dollar amounts in thousands) 2025 2024 Operating expenses $ 195,691 $ 160,065 Amortization of intangible assets (18,512 ) (17,942 ) Stock-based compensation expense and related employer payroll tax (62,818 ) (47,446 ) M&A and integration costs (7,619 ) (477 ) Litigation proceeds (costs), net 3,790 (575 ) Debt refinancing costs (3,119 ) — Equity transaction costs, including secondary offerings (287 ) (692 ) Adjusted operating expenses $ 107,126 $ 92,933 Expand CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES (In thousands) (Unaudited) Three Months Ended March 31, (dollar amounts in thousands) 2025 2024 Operating (loss) income $ (10,699 ) $ 7,797 Amortization of intangible assets 18,512 17,942 Amortization of acquired technologies—Cost of revenue 4,368 6,567 Stock-based compensation expense and related employer payroll tax 65,919 50,033 M&A and integration costs 7,619 477 Litigation (proceeds) costs, net (3,790 ) 575 Debt refinancing costs 3,119 - Equity transaction costs, including secondary offerings 287 692 Adjusted operating income $ 85,335 $ 84,083 Expand CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES RECONCILIATION OF GAAP NET LOSS TO ADJUSTED EBITDA (In thousands, except for EBITDA margin percentage data) (Unaudited) Three Months Ended March 31, (dollar amounts in thousands) 2025 2024 Net loss $ (17,421 ) $ (597 ) Interest expense 16,926 16,452 Interest income (1,948 ) (2,467 ) Income tax benefit (13,353 ) (4,237 ) Amortization of intangible assets 18,512 17,942 Amortization of acquired technologies—Cost of revenue 4,368 6,567 Depreciation and amortization of software, equipment and property 2,264 1,864 Depreciation and amortization of software, equipment and property—Cost of revenue 11,331 7,578 Stock-based compensation expense and related employer payroll tax 65,919 50,033 M&A and integration costs 7,619 477 Litigation (proceeds) costs, net (3,790 ) 575 Debt refinancing costs 3,119 — Equity transaction costs, including secondary offerings 287 692 Change in fair value of derivative instruments 5,741 (718 ) Income from derivative instruments (497 ) (2,031 ) Change in fair value of warrant liabilities — 1,585 Adjusted EBITDA $ 99,077 $ 93,715 Adjusted EBITDA Margin 39 % 41 % Expand CCC INTELLIGENT SOLUTIONS HOLDINGS INC. AND SUBSIDIARIES RECONCILIATION OF GAAP NET LOSS TO ADJUSTED EBITDA (In thousands, except for EBITDA margin percentage data) (Unaudited) Three Months Ended March 31, (dollar amounts in thousands) 2025 2024 Net loss $ (17,421 ) $ (597 ) Amortization of intangible assets 18,512 17,942 Amortization of acquired technologies—Cost of revenue 4,368 6,567 Stock-based compensation expense and related employer payroll tax 65,919 50,033 M&A and integration costs 7,619 477 Litigation (proceeds) costs, net (3,790 ) 575 Debt refinancing costs 3,119 — Equity transaction costs, including secondary offerings 287 692 Change in fair value of derivative instruments 5,741 (718 ) Change in fair value of warrant liabilities — 1,585 Tax effect of adjustments (29,873 ) (21,766 ) Adjusted net income $ 54,481 $ 54,790 Adjusted net income per share attributable to common stockholders: Basic $ 0.09 $ 0.09 Diluted $ 0.08 $ 0.09 Weighted average shares outstanding: Basic 636,832,216 598,279,377 Diluted 669,658,149 635,104,271 Expand Expand
Yahoo
30-04-2025
- Business
- Yahoo
CCC Intelligent Solutions Holdings (CCCS) Slid on Lower Guidance
Conestoga Capital Advisors, an asset management company, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. Equity markets started the year with a rally due to optimism about a strong economy and expectations of moderating inflation and lower interest rates. However, concerns over slowing earnings from major Technology companies, geopolitical tensions, and an upcoming announcement on tariffs led to a sharp decline in equities by the end of the first quarter. Investors sought safety, driving U.S. Treasury yields down. The Conestoga Small Cap Composite returned -11.35% (net) in the first quarter compared to the Russell 2000 Growth Index's -11.12% return. The Conestoga SMid Cap Composite returned -5.73% compared to the Russell 2500 Growth Index's -10.80% return. The Conestoga Micro-Cap Composite returned -8.24% vs the Russell Microcap Growth Index's return of -17.75%. Finally, the Conestoga Mid Cap Composite returned 0.96% (net), compared to the Russell Midcap Growth Index's -7.12% return. Please check the top 5 holdings of the fund for a better understanding of their best picks for 2025. In its first-quarter 2025 investor letter, Conestoga Capital Advisors highlighted stocks such as CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS). CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) is a software-as-a-service company for the P&C insurance economy. The one-month return of CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) was -5.66%, and its shares lost 11.56% of their value over the last 52 weeks. On April 29, 2025, CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) stock closed at $9.33 per share with a market capitalization of $6.148 billion. Conestoga Capital Advisors stated the following regarding CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) in its Q1 2025 investor letter: "CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) is a cloud-based SaaS platform of digital and data services for the insurance and automotive industries. As a multi-party network connecting insurers, repair shops, and parts suppliers, CCCS is the clear market leader with 80% of all US Auto Claims running on its platform. Shares were weaker in the quarter as management guided to the low end of the expected revenue growth range for 2025. We believe there is embedded conservatism in this guide as newer products (Emerging Solutions) should become more meaningful contributors to growth later in the year. A data analyst with a headset, looking intently at the information unfolding on her screen. CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 26 hedge fund portfolios held CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) at the end of the fourth quarter compared to 20 in the third quarter. While we acknowledge the potential of CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) and shared The London Company SMID Cap Strategy's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
