Broad Arrow Delivers 75% Year-Over-Year Growth in 2024 with $316 Million in Transactions Across Auctions, Private Sales, and Financing
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Broad Arrow, a subsidiary of Hagerty (NYSE: HGTY), achieved a 75% year-over-year growth in 2024, with $316 million in transactions across auctions, private sales, and financing. This growth occurred despite challenging market conditions for collector cars.
December 18, 2024 | 6:30 pm
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Hagerty's subsidiary, Broad Arrow, reported significant growth in 2024, with a 75% increase in transactions totaling $316 million, despite a challenging market for collector cars.
The substantial growth in transactions by Broad Arrow, a Hagerty company, indicates strong performance and resilience in a challenging market. This positive financial result is likely to boost investor confidence in Hagerty, potentially leading to a short-term increase in its stock price.
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IMPORTANCE 70
RELEVANCE 80