CCC Intelligent Solutions Holdings Inc. provides SaaS platform for the property and casualty insurance economy. It digitizes mission-critical AI-enabled workflows, facilitates commerce, and connects businesses across the insurance economy, including insurers, automakers, collision repairers, parts suppliers, lenders, and others. The company was founded in 1980 and is based in Chicago, Illinois.
IPO Year:
Exchange: NYSE
Website: cccis.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/13/2024 | $14.00 → $15.00 | Equal-Weight → Overweight | Morgan Stanley |
8/20/2024 | $15.00 | Buy | BofA Securities |
12/13/2023 | $13.00 | Neutral | Citigroup |
12/12/2023 | $13.00 | Equal-Weight | Morgan Stanley |
9/22/2023 | $14.00 | Buy | Stifel |
5/23/2023 | $13.00 | In-line → Outperform | Evercore ISI |
4/25/2023 | $12.00 → $11.00 | Buy | Jefferies |
4/13/2023 | $11.00 | Overweight | JP Morgan |
10/21/2022 | $10.00 | Equal Weight | Barclays |
8/8/2022 | $11.00 | Neutral | Piper Sandler |
Amazon Web Services Alum to Enhance Day-to-Day Operations, Accelerate Innovation and Drive AI Initiatives CCC Intelligent Solutions Inc. (CCC), a leading cloud platform powering the P&C insurance economy, announces today the appointment of Justin McWhirter as chief information officer (CIO) following the retirement of CIO Bill Rocholl, who held the position since 2013. McWhirter will oversee the company's IT operations, enhancing the day-to-day operations of existing applications, while also accelerating the pace of innovation and driving AI initiatives for CCC and its customers. McWhirter joins CCC from Amazon Web Services (AWS) where he led a team of solution architects and collaborat
Seasoned Leader Brings Proven Track Record Delivering Innovative Outcomes for Clients Across Multiple Industries Including Financial Services CCC Intelligent Solutions Inc. (CCC), a leading SaaS platform for the P&C insurance economy, strengthens its executive team with the appointment of Michael Silva as Chief Commercial and Customer Success Officer. Silva will have overall responsibility to deliver innovative outcomes for CCC's customers across the P&C insurance economy. Silva joins CCC from Salesforce, where he was responsible for global and enterprise customers in the financial services segment. "Mike is a solid addition to our leadership team, and I am confident in his ability to sup
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Partnership to streamline ADAS detection, improve repair accuracy and enhance efficiency for CCC ONE® users PLANO, Texas, Nov. 13, 2024 /PRNewswire/ -- Repairify, the global leader in remote diagnostics, calibrations, programming, and automotive intelligence for the collision and mechanical repair industries, announced today a new integration between its ADAS-focused platform, adasThink, and CCC ONE®, the premier estimating and repair management software from CCC Intelligent Solutions Inc. (CCC). This collaboration aims to provide collision repair shops with seamless access to advanced driver assistance systems (ADAS) insights, helping to enhance repair precision, increase efficiency and red
The CCC Intelligent Experience (IX) Cloud™ Recognized for Technology Innovation CCC Intelligent Solutions Inc. (CCC), a leading cloud platform powering the P&C insurance economy, announces today that it has been named to PropertyCasualty360's Insurance Luminaries Class of 2024 in the category of Technology Innovation. This recognition highlights the CCC Intelligent Experience (IX) Cloud™ platform, which delivers real-time insights and AI-powered automation to enable faster, more informed business decisions across the ecosystem of providers that come together to bring drivers back to pre-accident condition. The Insurance Luminaries program spotlights top professionals, teams, organizations,
CCC Intelligent Solutions Holdings Inc. ("CCC" or the "Company") (NASDAQ:CCCS), a leading cloud platform provider for the P&C insurance economy, today announced its financial results for the three months ended September 30, 2024. "CCC delivered solid third quarter results, highlighted by 8% year-over-year revenue growth and 43% adjusted EBITDA margin. Our sustained performance in 2024 year-to-date reflects multiple new business wins, renewals, and contract expansions across our customer groups," said Githesh Ramamurthy, Chairman & CEO of CCC. "We believe that our investments in artificial intelligence, the CCC IX Cloud™ platform, and our multi-sided network position us to continue to deli
Moments of Truth Research Shows Strong Link Between Insurer and Repairer Customer Satisfaction and Reveals Carriers' Customer Retention Is Not Tied to Satisfaction CCC Intelligent Solutions Inc. (CCC), a leading cloud platform powering the P&C insurance economy, today released the findings from its Moments of Truth study identifying the key drivers of customer satisfaction and retention in the auto claims and repair process. The study defines "moments of truth" as critical points in the customer journey that have a significant impact on satisfaction and loyalty. The study reveals that consumer satisfaction with insurers and repairers in a claims experience is closely linked, and that their
CCC Intelligent Solutions Holdings Inc. (CCC) (NASDAQ:CCCS), a leading cloud platform powering the P&C insurance economy, announced today it will release its financial results for the third quarter of 2024, ended September 30, 2024, after the U.S. financial markets close on Monday, October 28, 2024. In conjunction with this announcement, CCC will host a conference call on Monday, October 28, 2024, at 5:00 p.m. (Eastern Time), to discuss the Company's financial results and business outlook. A live webcast of the call will be available on the "Investor Relations" page of the Company's website at https://ir.cccis.com, and a replay will be archived on the website as well. About CCC Intelligen
Q3 2024 Edition Examines Rising Repair Costs, Growing Impact of EVs, Vehicle Complexity and Insights for Navigating the Challenges Ahead CCC Intelligent Solutions Inc. (CCC), a leading cloud platform powering the P&C insurance economy, today published its Crash Course Q3 2024 Report, identifying the key trends that will shape the auto claims and collision repair industry in 2025. The report examines pressing challenges such as the impact of inflation and labor shortages, the growing impact of electric vehicles (EVs) and rising repair costs, while also offering insights to help insurers and repairers successfully navigate the complexities of the year ahead. Crash Course is based on informa
New Solution Enables Shops to Track Production and Labor and Streamline Payroll Together in the CCC ONE® Platform CCC Intelligent Solutions Inc. (CCC), a leading cloud platform powering the P&C insurance economy, announces today the launch of CCC® Payroll, a new solution designed to streamline payroll management for collision repair shops. Integrated into the CCC ONE® platform, CCC Payroll enables shops to track production and labor, and streamline payroll within a single system, simplifying the payroll process from start to finish and giving employees greater visibility into how their pay is calculated. The payroll services will be managed by Check, the leading payroll platform that pion
CCC Intelligent Solutions Holdings Inc. (CCC) (NASDAQ:CCCS), a leading cloud platform powering the P&C insurance economy, today announced that management will present at the following investor conferences: The Citi Global TMT Conference in New York, NY. The presentation is scheduled for Wednesday, September 4, 2024, at 7:30 a.m. ET. The Goldman Sachs Communacopia and Technology Conference in San Francisco, CA. The presentation is scheduled for Tuesday, September 10, 2024, at 8:50 a.m. PT / 11:50 a.m. ET. The presentations 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 http://ir.c
Amazon Web Services Alum to Enhance Day-to-Day Operations, Accelerate Innovation and Drive AI Initiatives CCC Intelligent Solutions Inc. (CCC), a leading cloud platform powering the P&C insurance economy, announces today the appointment of Justin McWhirter as chief information officer (CIO) following the retirement of CIO Bill Rocholl, who held the position since 2013. McWhirter will oversee the company's IT operations, enhancing the day-to-day operations of existing applications, while also accelerating the pace of innovation and driving AI initiatives for CCC and its customers. McWhirter joins CCC from Amazon Web Services (AWS) where he led a team of solution architects and collaborat
Pioneering AI Leader for the P&C Insurance Economy Recognized for Excellence in Computer Vision CCC Intelligent Solutions Inc. (CCC), a leading cloud platform powering the P&C insurance economy, announces today that it has been recognized with a 2024 AI Breakthrough Award for "Best Overall Computer Vision Solution." In its seventh year, the annual awards program conducted by Tech Breakthrough recognizes the world's most innovative companies, technologies and products in the AI industry today. "CCC is honored to be acknowledged for our work in AI, specifically for computer vision. Our AI-powered solutions analyze and assess vehicle damage photos for any make and model, helping speed up t
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CCC Intelligent Solutions Holdings Inc. (the "Company") (NASDAQ:CCCS) today announced the pricing of the previously announced secondary offering of the Company's common stock (the "Offering") by affiliates of Advent International, L.P. and Oak Hill Capital Partners (collectively, the "Selling Stockholders") at a price to the public of $11.50 per share. The Offering consists of 50 million shares of the Company's common stock. The Offering is expected to close on or about May 30, 2024, subject to the satisfaction of customary closing conditions. The Offering consists entirely of shares of the Company's common stock to be sold by the Selling Stockholders, and the Company will not receive any p
7 analysts have expressed a variety of opinions on CCC Intelligent Solutions (NASDAQ:CCCS) over the past quarter, offering a diverse set of opinions from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 4 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 1 2 2 0 0 Analysts have recently evaluated CCC Intelligent Solutions and provided 12-month price targets. The average target is $13.86, accompanied by a high estimate of $15.00 and a low estimate of $13.00.
Barrington Research analyst Gary Prestopino maintains CCC Intelligent Solutions (NASDAQ:CCCS) with a Outperform and maintains $14 price target.
Gainers XIAO-I (NASDAQ:AIXI) stock moved upwards by 5.7% to $1.29 during Tuesday's after-market session. The market value of their outstanding shares is at $92.9 million. The company's, FY earnings came out today. Aware (NASDAQ:AWRE) stock moved upwards by 5.1% to $2.06. The company's market cap stands at $43.4 million. Focus Universal (NASDAQ:FCUV) shares moved upwards by 5.0% to $0.3. The company's market cap stands at $19.7 million. Hitek Global (NASDAQ:HKIT) shares rose 4.76% to $1.54. The company's market cap stands at $22.1 million. Aurora Innovation (NASDAQ:AUR) stock increased by 4.14% to $2.89. The market value of their outstanding shares is at $4.4 billion. CCC Intelligent So
CCC Intelligent Solutions (NASDAQ:CCCS) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $0.08 by 12.5 percent. The company reported quarterly sales of $227.200 million which beat the analyst consensus estimate of $225.511 million by 0.75 percent. This is a 10.87 percent increase over sales of $204.919 million the same period last year.
With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects The Greenbrier Companies, Inc. (NYSE:GBX) to report quarterly earnings at 86 cents per share on revenue of $843.28 million before the opening bell, according to data from Benzinga Pro. Greenbrier shares gained 2.8% to $53.84 in after-hours trading. Movano Inc. (NASDAQ:MOVE) posted a narrower loss for the fourth quarter. The company reported a quarterly loss of 11 cents per share versus a year-ago loss of 24 cents per share. Movano shares jumped 9% to $0.5549 in the after-hours trading session. Kura Sushi USA, Inc. (NASDAQ:KRUS) reported
Morgan Stanley upgraded CCC Intelligent Solutions from Equal-Weight to Overweight and set a new price target of $15.00 from $14.00 previously
BofA Securities resumed coverage of CCC Intelligent Solutions with a rating of Buy and set a new price target of $15.00
Citigroup resumed coverage of CCC Intelligent Solutions with a rating of Neutral and set a new price target of $13.00
Morgan Stanley initiated coverage of CCC Intelligent Solutions with a rating of Equal-Weight and set a new price target of $13.00
Stifel initiated coverage of CCC Intelligent Solutions with a rating of Buy and set a new price target of $14.00
Evercore ISI upgraded CCC Intelligent Solutions from In-line to Outperform and set a new price target of $13.00
Jefferies resumed coverage of CCC Intelligent Solutions with a rating of Buy and set a new price target of $11.00 from $12.00 previously
JP Morgan initiated coverage of CCC Intelligent Solutions with a rating of Overweight and set a new price target of $11.00
Barclays initiated coverage of CCC Intelligent Solutions with a rating of Equal Weight and set a new price target of $10.00
Piper Sandler initiated coverage of CCC Intelligent Solutions with a rating of Neutral and set a new price target of $11.00
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8-K - CCC Intelligent Solutions Holdings Inc. (0001818201) (Filer)
CCC Intelligent Solutions Holdings Inc. ("CCC" or the "Company") (NASDAQ:CCCS), a leading cloud platform provider for the P&C insurance economy, today announced its financial results for the three months ended September 30, 2024. "CCC delivered solid third quarter results, highlighted by 8% year-over-year revenue growth and 43% adjusted EBITDA margin. Our sustained performance in 2024 year-to-date reflects multiple new business wins, renewals, and contract expansions across our customer groups," said Githesh Ramamurthy, Chairman & CEO of CCC. "We believe that our investments in artificial intelligence, the CCC IX Cloud™ platform, and our multi-sided network position us to continue to deli
CCC Intelligent Solutions Holdings Inc. (CCC) (NASDAQ:CCCS), a leading cloud platform powering the P&C insurance economy, announced today it will release its financial results for the third quarter of 2024, ended September 30, 2024, after the U.S. financial markets close on Monday, October 28, 2024. In conjunction with this announcement, CCC will host a conference call on Monday, October 28, 2024, at 5:00 p.m. (Eastern Time), to discuss the Company's financial results and business outlook. A live webcast of the call will be available on the "Investor Relations" page of the Company's website at https://ir.cccis.com, and a replay will be archived on the website as well. About CCC Intelligen
CCC Intelligent Solutions Holdings Inc. ("CCC" or the "Company") (NASDAQ:CCCS), a leading cloud platform for the P&C insurance economy, today announced its financial results for the three months ended June 30, 2024. "CCC delivered strong second quarter results, highlighted by 10% year-over-year revenue growth and 41% adjusted EBITDA margin. Our solid performance in the first half of 2024 reinforces our confidence in our durable business model, multisided network, and customer-focused innovation," said Githesh Ramamurthy, Chairman & CEO of CCC. "Our significant investment in research and development over the past decade has enabled us to build a robust pipeline of new solutions that help
CCC Intelligent Solutions Holdings Inc. (CCC) (NASDAQ:CCCS), a leading cloud platform powering the P&C insurance economy, announced today it will release its financial results for the second quarter of 2024, ended June 30, 2024, after the U.S. financial markets close on Tuesday, July 30, 2024. In conjunction with this announcement, CCC will host a conference call on Tuesday, July 30, 2024 at 5:00 p.m. (Eastern Time), to discuss the Company's financial results and business outlook. A live webcast of the call will be available on the "Investor Relations" page of the Company's website at https://ir.cccis.com, and a replay will be archived on the website as well. About CCC Intelligent Solut
CCC Intelligent Solutions Holdings Inc. ("CCC" or the "Company") (NASDAQ:CCCS), a leading cloud platform for the P&C insurance economy, today announced its financial results for the three months ended March 31, 2024. "CCC delivered strong first quarter results, highlighted by 11% year-over-year revenue growth and 41% adjusted EBITDA margin –both above our guidance ranges. We believe our solid start to 2024 reflects our durable business model and ongoing innovation that is helping our clients rapidly transform their businesses," said Githesh Ramamurthy, Chairman & CEO of CCC. "The CCC Intelligent Experience (IX) Cloud™ platform, powered by our new event-based architecture, is well-positi
CCC Intelligent Solutions Holdings Inc. (CCC) (NASDAQ:CCCS), a leading cloud platform powering the P&C insurance economy, announced today it will release its financial results for the first quarter of 2024, ended March 31, 2024, after the U.S. financial markets close on Tuesday, April 30, 2024. In conjunction with this announcement, CCC will host a conference call on Tuesday, April 30, 2024 at 5:00 p.m. (Eastern Time), to discuss the Company's financial results and business outlook. A live webcast of the call will be available on the "Investor Relations" page of the Company's website at https://ir.cccis.com, and a replay will be archived on the website as well. About CCC Intelligent Sol
CCC Intelligent Solutions Holdings Inc. ("CCC" or the "Company") (NASDAQ:CCCS), a leading SaaS platform for the P&C insurance economy, today announced its financial results for the three months and year ended December 31, 2023. "CCC delivered another year of strong financial performance, with year-over-year revenue growth in 2023 of 11% and adjusted EBITDA margin of 41% – both above our guidance ranges. We believe our strong performance is the result of a growing interest in advanced digital solutions across the P&C insurance economy and the trust our customers place in us from years of delivering innovation and operational performance," said Githesh Ramamurthy, Chairman & CEO of CCC. "
CCC Intelligent Solutions Holdings Inc. (CCC) (NASDAQ:CCCS), a leading cloud platform powering the P&C insurance economy, announced today it will release its financial results for the fourth quarter and fiscal year 2023, ended December 31, 2023, after the U.S. financial markets close on Wednesday, February 28, 2024. In conjunction with this announcement, CCC will host a conference call on Wednesday, February 28, 2024 at 5:00 p.m. (Eastern Time), to discuss the Company's financial results and business outlook. A live webcast of the call will be available on the "Investor Relations" page of the Company's website at https://ir.cccis.com, and a replay will be archived on the website as well.
CCC Intelligent Solutions Holdings Inc. ("CCC" or the "Company") (NASDAQ:CCCS), a leading SaaS platform for the P&C insurance economy, today announced its financial results for the three months ended September 30, 2023. "CCC delivered strong third quarter results, highlighted by 11% year-over-year revenue growth, 19% year-over-year adjusted EBITDA growth, and an adjusted EBITDA margin of 42%. Our solid performance reflects positive momentum across our business from continuing to deliver new, high-ROI solutions that improve the operating efficiency and consumer experience of our customers' mission-critical workflows," said Githesh Ramamurthy, Chairman & CEO of CCC. "Our goal at CCC is th
CCC Intelligent Solutions Holdings Inc. (CCC) (NASDAQ:CCCS), a leading cloud platform powering the P&C insurance economy, announced today it will release its financial results for the third quarter fiscal year 2023, ended September 30, 2023, after the U.S. financial markets close on Monday, November 6, 2023. In conjunction with this announcement, CCC will host a conference call on Monday, November 6, 2023 at 5:00 p.m. (Eastern Time), to discuss the Company's financial results and business outlook. A live webcast of the call will be available on the "Investor Relations" page of the Company's website at https://ir.cccis.com, and a replay will be archived on the website as well. About CCC