- In early June 2026, Putnam Leasing announced a new partnership with Hagerty and Broad Arrow that links collector car auctions, Hagerty’s insurance products, and customized leasing options to create a more seamless experience for high-end automotive buyers.
- This three-way collaboration deepens Hagerty’s role across the collector car value chain by pairing its insurance offering with financing at the point of auction, potentially making it more embedded in collectors’ long-term ownership plans.
- We’ll now examine how this integrated auction, insurance, and leasing offering could reshape Hagerty’s investment narrative and growth profile.
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Hagerty Investment Narrative Recap
To own Hagerty, you need to believe it can turn its niche in collector car insurance and auctions into durable, profitable growth while managing rising underwriting risk and execution complexity. The Putnam Leasing partnership strengthens its collector ecosystem but does not clearly change the most important near term catalyst, the State Farm Classic+ ramp, or the key risk around higher retained insurance risk and margin volatility under the Markel fronting arrangement.
The most relevant recent backdrop to this leasing and auction collaboration is Hagerty’s 2026 guidance, which calls for US$1.28–US$1.30 billion in revenue alongside a US$41–US$51 million net loss tied to the new fronting structure. Taken together, the news and guidance highlight how Hagerty is trying to broaden its fee and service revenues just as reported profitability becomes more sensitive to loss ratios, reserve movements and operating costs.
Yet beneath the appeal of a more integrated collector ecosystem, investors should be aware of how Hagerty’s expanded risk retention could...
Read the full narrative on Hagerty (it's free!)
Hagerty's narrative projects $1.5 billion revenue and $273.7 million earnings by 2029. This requires 1.2% yearly revenue growth and a roughly $235 million earnings increase from $38.7 million today.
Uncover how Hagerty's forecasts yield a $13.29 fair value, a 24% upside to its current price.
Exploring Other Perspectives
Some of the most cautious analysts saw 2029 earnings near US$326.2 million on only about 2 percent annual revenue growth, yet still worry that higher retained claims risk and complex fronting economics could keep margins fragile. If you see Putnam Leasing and Broad Arrow as signs that Hagerty can deepen relationships and fee income, it is worth comparing that optimism with these far more restrained assumptions and considering how your own expectations fit between them.
Explore another fair value estimate on Hagerty - why the stock might be worth as much as $6.62!
Decide For Yourself
Don't just follow the ticker - dig into the data and build a conviction that's truly your own.
- A great starting point for your Hagerty research is our analysis highlighting 3 key rewards that could impact your investment decision.
- Our free Hagerty research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Hagerty's overall financial health at a glance.
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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.
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