COLUMBUS, Ohio, July 22, 2026 (GLOBE NEWSWIRE) -- Root (NASDAQ: ROOT), the leading technology company in car insurance, today announced the launch of its mobile-first, behavior-based car insurance in New Jersey, marking its 37th state. This expansion allows Root to reach over 80% of the U.S. population as the company advances toward its goal of providing nationwide coverage in the contiguous U.S. by 2027.
By leveraging advanced mobile telematics, Root eliminates traditional friction in the insurance buying journey and rewards safe drivers in New Jersey. With more than 6.6 million eligible drivers in the state, motorists have the potential to save up to $1,300 annually.*
Expanded Footprint: Root Insurance is now available in 37 U.S. states, collectively representing over 80% of the total U.S. population.Behavior-Based Pricing: Rates are calculated primarily on actual driving performance, such as focused driving, smooth braking, and gentle turns.Significant Consumer Savings: Safe drivers in New Jersey can unlock potential annual savings of up to $1,300.*Seamless Digital Experience: Driver onboarding, customized coverage selection, policy management, and claims routing are handled entirely through Root’s mobile application. "Expanding to New Jersey is a massive milestone in our state expansion strategy as we accelerate toward our goal of coverage in the contiguous U.S. by 2027," said Alex Timm, Founder and CEO of Root. "By entering the Garden State, we're expanding our reach to a market historically characterized by limited consumer choice. Our ability to scale our behavioral pricing model demonstrates the efficiency of our technology and positions us to capture more market share."
How Root Insurance Works for New Jersey Drivers
Download and Onboarding: Drivers download the Root mobile app and sign up in minutes via the app or at joinroot.com.The Test Drive: The smartphone's sensors automatically measure real-time driving behaviors, analyzing individual risk signals to inform pricing.Personalized Quote: Safe driving habits are rewarded with lower rates, customizable coverage options, and a completely digital policy management experience.
Frequently Asked Questions
Is Root Insurance available in New Jersey?
Yes. Root offers its behavior-based auto insurance to drivers across New Jersey, bringing its availability to 37 U.S. states. To see where Root is available nationwide, visit joinroot.com/availability.
How does Root Insurance determine rates for New Jersey drivers?
Root uses data science and mobile technology to measure actual driving behavior. Rates are personalized based on driving performance metrics, including focused driving, smooth braking, and gentle turning habits.
How much can you save with Root Insurance in New Jersey?
Safe drivers who switch to Root Insurance can save up to $1,300 annually, depending on their test-drive results and chosen coverage levels.*
*Potential annual savings based on survey of actual customers who purchased a new Root policy between February 2025 - February 2026 and reported savings; changes in coverage levels not evaluated. Potential savings will vary.
About Root, Inc.
Founded in 2015 and based in Columbus, Ohio, Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company. Root is revolutionizing insurance through data science and technology to provide consumers a personalized, easy, and fair experience. The Root mobile app has reached more than 17 million downloads and has analyzed more than 36 billion miles of driving data to deliver fair, telematics-based pricing.
For more information, visit root.com.
Root is headquartered in Columbus, Ohio, and offers auto insurance to drivers in Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Mexico, Nevada, New Jersey, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, and Wisconsin. Root Insurance also offers renters insurance in Arkansas, Georgia, Kentucky, Missouri, Nevada, New Mexico, Ohio, Tennessee, and Utah. Auto insurance is underwritten by Root Property & Casualty in New Jersey.
Root Inc, Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws regarding Root, Inc. These forward-looking statements relate to, among other things, expectations about our future business results, the success of our business in New Jersey, and our ability to complete our expansion into the contiguous U.S. by year-end 2027. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond the company's control and are difficult to predict. We have based our forward-looking statements on our current expectations, estimates, and projections about our industry and our company. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties, and assumptions that we cannot predict. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast. In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we have included in Root's Form 10-K for the year ended Dec. 31, 2025, and other SEC filings, cautionary language identifying important factors that could cause future outcomes to differ materially from those set forth in the forward-looking statements. Copies of Root's Form 10-K and other SEC filings are available on the SEC's website, Root's website at ir.joinroot.com/investor-relations, or by contacting Root's Investor Relations office.
Root, Inc. (ROOT - Free Report) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ROOT broke through the 200-day moving average, which suggests a long-term bullish trend.
The 200-day simple moving average helps traders and analysts determine overall long-term market trends for stocks, commodities, indexes, and other financial instruments. The indicator moves higher or lower along with longer-term price moves, serving as a support or resistance level.
ROOT could be on the verge of another rally after moving 22.7% higher over the last four weeks. Plus, the company is currently a Zacks Rank #3 (Hold) stock.
The bullish case only gets stronger once investors take into account ROOT's positive earnings estimate revisions. There have been 1 higher compared to none lower for the current fiscal year, and the consensus estimate has moved up as well.
Investors should think about putting ROOT on their watchlist given the ultra-important technical indicator and positive move in earnings estimate revisions.
COLUMBUS, Ohio, July 08, 2026 (GLOBE NEWSWIRE) -- Root (NASDAQ: ROOT), the leading technology company in car insurance, and Jerry, the innovative insurance and car care platform, today announced a strategic partnership that embeds Root's data-driven car insurance experience directly into Jerry's app.
The partnership represents another milestone in Root’s embedded insurance distribution strategy by bringing personalized pricing and a streamlined digital purchasing experience directly into Jerry’s high-intent marketplace. By integrating into partner ecosystems where consumers are already shopping and making important financial and automotive decisions, Root is expanding access to its differentiated insurance offering while creating a more seamless experience for customers.
Through this digital-first collaboration:
Real-Time Quotes: Jerry customers receive car insurance quotes from Root directly within the Jerry app experience.Quote-to-Bind in Minutes: Customers can seamlessly complete their profile, review personalized options, and bind a Root policy directly within the Jerry app interface. “Our partnership with Jerry is another strong example of how we’re expanding our embedded technology capabilities to partners serving high-intent customers, enabling them to deliver personalized pricing and a modern insurance experience directly within their own platforms,” said Jason Shapiro, Senior Vice President of Business Development at Root. “We’ve removed traditional roadblocks to make affordable coverage available with the speed and ease consumers expect from their digital experiences, right when they’re ready to make a decision.”
Jerry operates a digital insurance and car care platform that lets users compare, buy, and service car, home, renters, and motorcycle insurance policies directly within the app, with licensed agents available seven days a week. Jerry supports customers throughout the insurance lifecycle by securely storing policy documents, facilitating coverage changes, and monitoring renewal rates in-app. Beyond insurance, Jerry simplifies car ownership with maintenance reminders, recall alerts, repair cost comparisons, and driver safety insights.
"Jerry's mission is to simplify ownership of people’s most important assets – including car, home, motorcycle. Our customers come to us to shop insurance coverage without the hassle of long forms or spam calls," said John Spottiswood, Chief Operating Officer at Jerry. "Root gives drivers a strong, fairly priced option they can sign up for in minutes. We look forward to continuing to expand our partnership and making this experience available to even more customers in the near future."
While traditional insurance shopping can be fragmented and time consuming, this partnership offers a modern alternative built for how consumers shop today. Through Jerry’s trusted, top-rated marketplace and Root’s proprietary, data-backed pricing and underwriting technology, the companies have created a simplified, highly intuitive experience that demonstrates how deep technical alignment can transform insurance distribution to better meet the expectations of today’s digital consumers.
Frequently Asked Questions (FAQ)
Where is Root insurance available through the Jerry app today?
Root auto insurance is available via the Jerry app in Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Mississippi, Montana, Nebraska, New Mexico, Nevada, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia, and Wisconsin.
Can I buy a Root car insurance policy directly inside the Jerry app?
Yes. The partnership features a fully embedded, end-to-end integration. Jerry customers can receive real-time Root quotes, customize their coverage limits, and fully bind and purchase their policy without ever leaving the Jerry app.
How long does it take to get a Root quote and bind coverage on Jerry?
The digital-first integration removes traditional paperwork and friction. By utilizing existing profile data, eligible drivers can go from an initial rate quote to a bound, active Root policy in just minutes.
How does the Root partnership benefit Jerry customers?
Embedded Convenience: No redirects or external forms; the entire process happens in-app.Dual-App Policy Management: Access your digital insurance cards, view coverage details, and set up payment reminders across both the Root and Jerry apps. Drivers can effortlessly update their coverage and manage payments directly from their phones.24/7 Support: Access to licensed Jerry insurance agents seven days a week. About Root
Root Insurance is a technology company revolutionizing car insurance through data science and automation. The Root app has reached nearly 18 million downloads and has analyzed close to 37 billion miles of driving data to deliver personalized and fair pricing. Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company.
For more information, visit root.com.
About Jerry
Jerry is a licensed insurance agency in all 50 states and Washington, D.C. that helps customers buy and manage their insurance and car care needs, making car and home ownership easier and more affordable. Its data-driven marketplace lets customers compare quotes from 100+ insurers and buy, bundle, and service their car, home, motorcycle, and renters policies directly in the app. Jerry also offers car care services spanning maintenance, repairs, recalls, and driver safety. And while Jerry is digital-first, a team of licensed agents is available seven days a week.
Media inquiries: [email protected] opportunities: Partnership form Forward Looking Statements:
This press release contains forward-looking statements within the meaning of federal securities laws regarding Root, Inc. These forward-looking statements relate to, among other things, expectations about our future business results. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the company's control and are difficult to predict. We have based our forward-looking statements on our current expectations, estimates and projections about our industry and our company. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties and assumptions that we cannot predict and many of which are beyond our control. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast in our forward-looking statements. In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we have included in Root's Form 10-K for the year ended Dec. 31, 2025, and other SEC filings, cautionary language identifying important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements. Copies of Root's Form 10-K and other SEC filings are available on the SEC's website, Root's website at ir.joinroot.com, or by contacting Root's Investor Relations office.
Root, Inc. demonstrates a robust operational turnaround, with Q1 2026 net income nearly doubling to $35.9M and EPS up 95% year-over-year. ROOT's profitability gains stem from disciplined underwriting and a strategic shift toward embedded distribution partners, reducing sales and marketing expenses by 47%. Refinancing its $200M term loan and authorizing a $75M buyback, ROOT strengthens its balance sheet, though I prefer capital be used for growth over repurchases.
Root, Inc. (ROOT - Free Report) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ROOT broke through the 50-day moving average, which suggests a short-term bullish trend.
The 50-day simple moving average is a widely used technical indicator that helps determine support or resistance levels for different types of securities. It's one of three major moving averages, but takes precedent because it's the first sign of an up or down trend.
ROOT could be on the verge of another rally after moving 7% higher over the last four weeks. Plus, the company is currently a Zacks Rank #3 (Hold) stock.
Looking at ROOT's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 1 higher compared to none lower for the current fiscal year, and the consensus estimate has moved up as well.
With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on ROOT for more gains in the near future.
After reaching an important support level, Root, Inc. (ROOT - Free Report) could be a good stock pick from a technical perspective. ROOT surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.
Like other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.
ROOT could be on the verge of another rally after moving 7% higher over the last four weeks. Plus, the company is currently a Zacks Rank #3 (Hold) stock.
Once investors consider ROOT's positive earnings estimate revisions, the bullish case only solidifies. No earnings estimate has been lowered in the past two months, compared to 1 raised estimates, for the current fiscal year, and the consensus estimate has increased as well.
Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on ROOT for more gains in the near future.
The question dominating CNBC’s Squawk on the Street on June 24, 2026: is the plumbing of leveraged single-stock ETFs now driving price action, rather than fundamentals? Host Carl Quintanilla led a discussion with David Faber, Leslie Picker, and Cantor Fitzgerald’s CJ Muse that put market structure at the center of this week’s tech sell-off, ahead of the AI demand story.
The Structural Thesis: A Thin-Float IPO Meets a Wall of Leverage The case study is SpaceX (NASDAQ:SPCX). Faber argued that leveraged ETFs are a structural phenomenon that can limit liquidity, and when they rebalance toward the close they create outsized moves in both directions. He noted roughly 11 leveraged or derivative ETFs launched right after SpaceX went public with only a 4% float, layering forced daily rebalancing on top of already-limited tradable supply.
SpaceX-linked products include the GraniteShares 2x Long SpaceX Daily ETF (CBOE:SPAL), along with additional 2x short, ProShares Ultra, Defiance Daily Target 2x Long SPCX ETF (SPCU), and Kurv Enhanced Income variants. SPAL carries a 1.5% gross and net expense ratio per its June 12, 2026 prospectus (see the SEC filing).
The price action backs up the mechanics. SPCX fell 22.64% over the week ending June 23, from $201.80 to $156.11, after clearing $200 days earlier. SPAL, the 2x long product, dropped 42.51% over the same stretch, from $37.78 to $21.72. That gap between a 2x daily ETF and its underlying is the daily-reset compounding decay Faber described.
Why It Spills Into Mega-Cap Tech Picker observed that volatility is now happening “at scale.” Unlike the meme-stock era, which was largely small caps, semiconductor shares now sit at a record roughly 19% of the S&P 500, about double the level from 2000. Daily swings in a handful of names move the index.
That concentration shows up directly in the SPDR S&P 500 ETF (NYSEARCA:SPY), where NVIDIA alone carries a 7.58% weight as of the March 17, 2026 fact sheet. SPY fell 2.23% over the week ending June 23, with a 1.62% one-month decline. NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) slid 6.99% over the past month to $200.04. The VIX closed at 19.49 on June 23, up 18.8% week-over-week from 16.41, ranking in the 77.1 percentile of its 12-month range. Stress is broad-based across the market.
The Counterweight: Demand Still Looks Tight Muse pushed back on a fundamentals-broken read. He argued a rising tide for compute demand will lift all boats so long as capacity stays tight, with memory supply tightening further into 2027 and TSMC wafer allocation prioritizing NVIDIA, AMD, and Broadcom. His Micron bull case targets roughly $200 of earnings for next calendar year, implying about a 5x multiple, framed explicitly as his projection.
The recent prints support the demand backdrop. Shares of Micron (NASDAQ:MU) have rallied 268.68% year-to-date to $1,051.77 as of June 23. Micron’s Q2 FY2026 revenue hit $23.86B, up 196.3% YoY, with non-GAAP EPS of $12.20 beating $8.73. NVIDIA’s Q1 FY2027 delivered $81.61B in revenue, up 85.2%, with Data Center up 92% YoY.
Micron reports tonight. Its earnings have quickly become what NVIDIA’s used to be in 2024, the “bellweather” report that shapes whether the market as a whole rises or falls in the weeks to come.
What to Watch Next Leveraged single-stock ETFs anchored to a 4% float can amplify swings into the close, and with semis at a record S&P 500 weighting, that amplification leaks into NVIDIA, Micron, and the index itself.
Whether this is the root cause or one accelerant alongside positioning resets, the feedback loop persists until either the float expands or rebalancing mechanics change. Underlying compute demand, as Muse framed it, is a separate question, and so far the earnings line still points up. The next big test will come tonight when Micron reports. It will be a balancing act to satisfy sky-high investor demands, but with the stock up more than 700% across the past year, short-term volatility may win out even as the longer-term picture continues to look optimistic.
COLUMBUS, Ohio, June 24, 2026 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the leading technology company in car insurance, today announced its plans to host a conference call on Wednesday, August 5, 2026 at 5:00 p.m. Eastern Time to discuss financial results for the second quarter 2026 and provide an update on company operations. The company plans to release its second quarter results in the Investor Relations section of its website at ir.joinroot.com following the close of the financial markets on Wednesday, August 5, 2026.
Webcast and Conference Call Details:
A replay of the webcast will be available for on-demand viewing shortly after the call on the Investor Relations page of the company’s website at ir.joinroot.com.
About Root, Inc.
Root Insurance is a technology company revolutionizing car insurance through data science and automation. The Root app has reached more than 17 million downloads and has analyzed more than 36 billion miles of driving data to deliver personalized and fair pricing. Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company.
For further information on Root, please visit root.com.
On June 16, 2026, Root Inc ROOT shares rose 4.2% today, with the stock currently priced at $57.17. Over the past year, ROOT has experienced significant volatility, with a 52-week high of $143.04 and a low of $40.91.
GF Value™ verdict: Current price is $57.17, which is 35.4% below the GF Value™ estimate of $88.48. GF Score™: 73/100, indicating an above-average stock. Most notable signal: Insiders sold $0.8M in the last 3 months, with no buying activity. Is ROOT Overvalued or Undervalued? The current price of Root Inc ROOT at $57.17 is significantly lower than the GF Value™ estimate of $88.48, suggesting that the stock is undervalued by approximately 35.4%. This margin of safety indicates a potential opportunity for investors, as the GF Valuation label categorizes ROOT as significantly undervalued. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
While the undervaluation presents an opportunity, it is essential to consider potential risks associated with the stock. The YTD performance is down 20.9%, and the 1-year performance shows a steep decline of 60.7%. These figures may indicate underlying issues that could affect future performance, stressing the importance of due diligence.
How Does ROOT's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 17.1x 24.7x Forward P/E 22.1x N/A Currently, ROOT's P/E (TTM) of 17.1x is significantly below its 5-year median P/E of 24.7x, indicating that the stock is trading at a lower valuation compared to its historical performance. The forward P/E of 22.1x suggests expectations of improvement in earnings, yet the current P/E analysis aligns with the GF Value™ verdict, reinforcing the notion that ROOT is undervalued.
What Does ROOT's GF Score™ Tell Us? Metric Rating GF Score™ 73/100 Financial Strength 6/10 Profitability 4/10 Growth 8/10 Valuation 4/10 Momentum 5/10 The GF Score™ of 73/100 suggests that Root Inc ROOT has a favorable overall rating, with notable strengths in growth (8/10) and financial strength (6/10). However, the stock exhibits weaknesses in profitability (4/10) and valuation (4/10). This combination indicates potential for growth, but also highlights some concerns regarding its profitability and current valuation metrics.
What Are Insiders Doing with ROOT Stock? In the last three months, insiders have sold $0.8 million worth of ROOT stock, with no reported buying activity. This pattern of selling could indicate a lack of confidence among insiders regarding the stock's short-term prospects. The absence of insider buying further emphasizes caution, as it suggests that those with inside knowledge of the company are not currently optimistic about the stock's performance.
What This Means for Investors Based on the current analysis, Root Inc ROOT is considered undervalued according to the GF Value™ estimate. However, potential investors should take into account the recent insider selling and the stock's performance trends before making any decisions.
For the complete analysis, visit the Root Inc ROOT stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is ROOT's GF Score™?
ROOT has a GF Score™ of 73/100, indicating it is an above-average stock with potential for higher long-term returns based on key factors.
Is ROOT overvalued or undervalued?
ROOT is undervalued, with a current price of $57.17 compared to a GF Value™ estimate of $88.48, suggesting a significant upside potential.
What is ROOT's P/E ratio?
ROOT has a P/E (TTM) ratio of 17.1x, which is 31% below its 5-year median P/E of 24.7x, further supporting the conclusion that the stock is undervalued.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
COLUMBUS, Ohio, April 21, 2026 (GLOBE NEWSWIRE) -- When a safe driver with decades of accident-free driving opens a renewal bill and sees their rate unchanged or higher, that’s not an anomaly. According to a new national survey from Root (NASDAQ: ROOT), the leading technology company in car insurance, it’s consistent with respondents’ views of a pricing system that relies more on group-based factors than individual driving behavior. Root’s “The Future of Car Insurance: A Consumer Demand Report,” released today, surveyed and collected responses from 1,000 licensed U.S. drivers and found that frustration with traditional insurance pricing runs deepest among those who have the most to show for their driving record.
Baby Boomers, the generation with the longest driving records, are 2.2 times more likely than Millennial and Gen Z drivers to view the current risk pooling system as unfair, according to respondents. This is an inversion of the conventional assumption that younger, higher-premium drivers are the most aggrieved. The culprit is a pricing model that relies on demographic factors like age, occupation, education, and credit scores, which means decades of safe driving may not move the needle on what anyone pays.
Other key findings from the report, based on the drivers polled, include the following:
95% of drivers want their insurance rates based on their actual driving habits, rather than demographic proxies.77% of drivers say car insurance pricing is outdated compared to today’s auto technology, as car ownership costs climb.Root’s proprietary data shows safe drivers who switch to behavior-based pricing save up to 28% on their premiums.
“A driver with 30 years of clean records is being priced against averages that have nothing to do with how they drive. We believe that is a structural failure,” said Alex Timm, Founder and CEO of Root. “Root was built on the premise that your rate should reflect your behavior behind the wheel. This data underscores that the American driver, regardless of age or location, is ready to adopt a more fair model that finally aligns pricing with behavior.”
The findings suggest widespread demand among respondents for a modernized insurance model, revealing that the majority of drivers feel their premiums are outdated, too expensive, and systematically unfair. By embracing a modern, personalized model powered by telematics, insurers may address this fairness gap while offering substantial financial relief. This approach could transform insurance from an opaque financial burden to an empowering tool that rewards individual performance.
Read the full report at joinroot.com/reports. To see where Root is available nationwide, visit joinroot.com/availability.
Methodology of The Future of Car Insurance: A Consumer Demand Report
The report combines a survey of approximately 1,000 licensed U.S. drivers with Root Insurance’s proprietary internal data to analyze potential relationships between driver behavior and insurance pricing. The survey was conducted in September 2025 in partnership with Pollfish. Respondents were composed of U.S. adults aged 18 and older. By integrating attitudinal insights from the survey on car insurance pricing with driving behavior data, we believe this methodology helps inform our understanding of trends shaping modern auto insurance.
Respondents for this survey were selected from among those who have agreed to participate in online surveys. The data has been weighted to approximate the composition of the adult population. Because the sample is based on those who agreed to participate in our panel, no estimates of theoretical sampling error can be calculated. Propensity score weighting was also used to adjust for respondents’ propensity to be online. As a result, the findings may not be fully representative of all U.S. drivers.
All sample surveys and polls, whether or not they use probability sampling, are subject to multiple sources of error, which are most often not possible to quantify or estimate, including sampling error, coverage error, error associated with nonresponse, error associated with question wording and response options, and post-survey weighting and adjustments. Any calculated margins of error are theoretical and apply only to idealized random samples with full response rates, which are not present here.
Data Privacy
Data privacy is extremely important to Root. All data used in this survey was collected with the permission of drivers who enabled app permissions for Root to measure their driving. Root handles all data in accordance with its Privacy Policy, available at www.joinroot.com/privacy.
About Root, Inc.
Root is revolutionizing insurance through data science and technology to provide consumers a personalized, easy, and fair experience. Since launching in 2015, the Root app has more than 17 million downloads and has collected almost 36 billion miles of driving data to inform its insurance offerings. Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company.
This press release contains forward-looking statements within the meaning of federal securities laws regarding Root, Inc. These forward-looking statements relate to, among other things, expectations about consumer sentiments and our future business results. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the company's control and are difficult to predict, including our ability to profitably acquire and retain new customers through the partnerships. We have based our forward-looking statements on our current expectations, estimates and projections about our industry and our company. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties and assumptions that we cannot predict and many of which are beyond our control. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast in our forward-looking statements. In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we have included in Root's Form 10-K for the year ended Dec. 31, 2025, and other SEC filings, cautionary language identifying important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements. Copies of Root's Form 10-K and other SEC filings are available on the SEC's website, Root's website at ir.joinroot.com/investor-relations or by contacting Root's Investor Relations office.
COLUMBUS, Ohio, April 23, 2026 (GLOBE NEWSWIRE) -- Root (NASDAQ: ROOT), the leading technology company in car insurance, and Freeway Insurance, the nation’s largest personal lines insurance distribution platform, today announced a collaboration designed to expand customer access and enhance the overall insurance experience across Freeway’s national network.
Through this partnership, Root’s technology and insurance products will be integrated into Freeway’s multi-carrier marketplace, expanding the range of coverage options available to customers. This addition enhances Freeway’s ability to deliver more competitive options, faster quoting, and a better overall fit for customers’ needs and budgets through a seamless, omnichannel experience.
“Freeway has built incredible scale and trust across a wide variety of markets by meeting customers exactly where they are,” said Jason Shapiro, SVP of Business Development at Root. “By combining Root’s technology with Freeway’s distribution platform, we’re simplifying the insurance experience and making it easier for customers to find high-quality, easy-to-quote coverage.”
The partnership expands access to additional coverage options while introducing a competitive new option across customer segments. As part of Freeway’s multi-carrier approach, Root complements an extensive network of insurance partners, reinforcing the platform’s ability to deliver choice across a broad spectrum of customer profiles and risk needs.
“At Freeway, our focus is on creating a simpler, more flexible way for customers to shop for insurance,” said Darrin Silveria, Chief Sales Officer. “Adding Root to our platform gives customers more options and helps us deliver faster, more personalized coverage that fits their needs and budget.”
This partnership supports Root’s continued expansion through tech-based distribution and Freeway’s ongoing commitment to expanding access, improving customer experience, and delivering a more connected, technology-enabled insurance marketplace. Root’s product is now available across Freeway’s national distribution platform, enabling customers to access coverage online, through call centers, or at local retail offices nationwide, with bilingual support available.
About Root, Inc.
Root is revolutionizing insurance through data science and technology to provide consumers a personalized, easy, and fair experience. Since launching in 2015, the Root app has more than 17 million downloads and has collected almost 36 billion miles of driving data to inform its insurance offerings. Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company.
About Freeway Insurance
Established in 1987, Freeway Insurance is one of the largest and fastest‑growing personal lines insurance brokers in the United States, offering coverage through a “click, call, or come in” approach that connects customers nationwide. The company continually researches, grows, and diversifies its product offerings to stay responsive to the evolving insurance market. Freeway provides a wide range of options—from basic to premium coverage—in auto, truck, commercial vehicle, homeowners, renters, small business, motorcycle, recreational vehicle, fire, and flood insurance. In 2008, Freeway Insurance became part of Confie, the nation’s leading personal lines insurance distribution company. Customers can access Freeway Insurance through neighborhood offices, online at www.freeway.com, or by calling (800) 300‑0227.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws regarding Root, Inc. These forward-looking statements relate to, among other things, expectations about our future business results and the success of our partnerships. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the company's control and are difficult to predict, including our ability to profitably acquire and retain new customers through the partnerships. We have based our forward-looking statements on our current expectations, estimates and projections about our industry and our company. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties and assumptions that we cannot predict and many of which are beyond our control. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast in our forward-looking statements. In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we have included in Root's Form 10-K for the year ended Dec. 31, 2025, and other SEC filings, cautionary language identifying important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements. Copies of Root's Form 10-K and other SEC filings are available on the SEC's website, Root's website at ir.joinroot.com/investor-relations or by contacting Root's Investor Relations office.
Root, Inc. (NASDAQ:ROOT – Get Free Report) has been given a consensus rating of “Hold” by the seven brokerages that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $92.40.
ROOT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Root from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. UBS Group dropped their price target on shares of Root from $90.00 to $52.00 and set a “neutral” rating on the stock in a report on Monday, March 9th. Zacks Research raised shares of Root from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Weiss Ratings raised shares of Root from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, February 26th. Finally, Wall Street Zen raised shares of Root from a “sell” rating to a “hold” rating in a report on Saturday, February 28th.
Read Our Latest Stock Report on ROOT
Root Stock Performance Shares of ROOT stock opened at $53.96 on Friday. Root has a one year low of $40.91 and a one year high of $162.99. The company’s 50-day moving average is $49.65 and its 200 day moving average is $66.48. The company has a market capitalization of $839.62 million, a price-to-earnings ratio of 23.26 and a beta of 2.90. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.21 and a current ratio of 1.21.
Root (NASDAQ:ROOT – Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.28. The firm had revenue of $397.00 million for the quarter, compared to the consensus estimate of $381.57 million. Root had a net margin of 2.58% and a return on equity of 15.34%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 EPS. Sell-side analysts expect that Root will post 2.15 EPS for the current fiscal year.
Institutional Trading of Root Institutional investors have recently made changes to their positions in the stock. Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Root by 3.0% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 6,225 shares of the company’s stock worth $797,000 after buying an additional 181 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Root by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,141 shares of the company’s stock worth $686,000 after buying an additional 229 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Root by 2.9% in the third quarter. Rhumbline Advisers now owns 15,811 shares of the company’s stock worth $1,415,000 after buying an additional 443 shares during the last quarter. Gabelli Funds LLC boosted its holdings in shares of Root by 10.9% in the third quarter. Gabelli Funds LLC now owns 5,100 shares of the company’s stock worth $457,000 after buying an additional 500 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Root by 2.4% in the fourth quarter. Swiss National Bank now owns 21,500 shares of the company’s stock worth $1,553,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 59.82% of the company’s stock.
About Root (Get Free Report)
Root, trading on the Nasdaq under the ticker ROOT, is a Columbus, Ohio–based insurance company that leverages mobile technology and data analytics to offer personalized auto insurance policies. Founded in 2015 by Alex Timm and Dan Manges, Root set out to transform traditional underwriting by focusing on individual driving behavior rather than broad demographic factors.
The company’s core product is usage-based auto insurance, delivered through a smartphone app that monitors driving patterns such as speed, braking and phone usage behind the wheel.
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On April 27, 2026, Root Inc ROOT shares fell 3.1% today, bringing the current price to $55.91. This decline comes against a backdrop of a 52-week range that has seen highs of $162.99 and lows of $40.91. Despite today's drop, the stock has experienced a notable 27.4% increase over the past month.
GF Value™ verdict: Current price is $55.91, which is 31.7% below the GF Value™ estimate of $81.80.GF Score™: 79/100, indicating above-average performance potential.Most notable signal: Insiders have sold $1.9M in stock in the last three months with no buying activity. Is ROOT Overvalued or Undervalued? Currently, Root Inc's stock price of $55.91 is significantly undervalued when compared to the GF Value™ estimate of $81.80, representing a margin of safety of 31.7%. The GF Valuation label categorizes the stock as "Significantly Undervalued," suggesting a potential opportunity for investors looking for undervalued stocks in the market. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. This significant undervaluation indicates that Root Inc may be an attractive investment opportunity, provided that potential investors consider the broader market conditions and the company's financial health.
However, it is important to note that despite the attractive valuation, the significant insider selling of $1.9 million in stock raises some caution regarding the company's future prospects. Such activity could signal a lack of confidence from those closest to the company, which investors should keep in mind when considering this investment opportunity.
How Does ROOT's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 24.1x 26.1x Forward P/E 28.4x N/A Root Inc's current P/E ratio of 24.1x is below its 5-year median P/E of 26.1x, indicating that the stock is trading at a lower valuation compared to its historical averages. This analysis aligns with the GF Value™ verdict of being significantly undervalued. The forward P/E of 28.4x suggests that while the company might be expected to grow, it may not be sufficient to justify the current price when considering the historical context.
What Does ROOT's GF Score™ Tell Us? Metric Rating GF Score™ 79/100 Financial Strength 6/10 Profitability 4/10 Growth 8/10 Valuation 8/10 Momentum 5/10 The GF Score™ of 79/100 suggests that Root Inc has above-average potential for long-term returns. The strongest area is in growth, with a score of 8/10, indicating promising growth prospects. However, the weakest area lies in profitability, scoring just 4/10, which may raise concerns regarding the company’s ability to convert revenues into profits effectively. Overall, the scores indicate that while Root Inc possesses strong growth potential, its profitability may need improvement to ensure sustained success.
What Are Insiders Doing with ROOT Stock? In the last three months, insiders have sold $1.9 million worth of Root Inc stock, with no recorded buying activity. This trend of selling without any purchasing could suggest a lack of confidence in the company's future performance among its executives. Such insider actions can often serve as an important signal for potential investors, as they may indicate the sentiment of those who have the most intimate understanding of the company’s operations and prospects.
It is essential for investors to consider this insider activity in conjunction with other financial metrics and market conditions, as it could influence their perception of the company's value and future trajectory.
What This Means for Investors Based on the GF Value™ assessment, Root Inc is currently undervalued, trading significantly below its intrinsic value estimate. However, potential investors should proceed with caution, taking into account the insider selling activity and the company's profitability metrics. The investment landscape is complex, and while the undervaluation presents an opportunity, it is crucial to consider the broader implications of the company's financial health and insider sentiment.
For the complete analysis, visit the Root Inc ROOT stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is ROOT's GF Score™?
ROOT's GF Score™ is 79/100, indicating above-average performance potential based on various financial metrics.
Is ROOT overvalued or undervalued?
ROOT is currently undervalued, with a GF Value™ estimate of $81.80 compared to its current price of $55.91.
What is ROOT's P/E ratio?
ROOT's P/E (TTM) is 24.1x, which is below its historical median P/E of 26.1x, indicating the stock is trading at a lower valuation compared to its past performance.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
COLUMBUS, Ohio, April 29, 2026 (GLOBE NEWSWIRE) -- Root (NASDAQ: ROOT), the leading technology company in car insurance, today announced the launch of its 24-hour agent appointment program, enabling independent insurance agents to complete onboarding and begin selling policies in as little as one day.
Key Highlights
Independent agents can get appointed and start selling within 24 hoursRoot has appointed more than 7,500 agents since launching~2,400 agents added in 2026 alone
Why This Matters
Traditional insurance carrier onboarding often takes weeks, slowing down agency growth and limiting access to new markets. Root Insurance’s 24-hour agent appointment program compresses this process into a single-day, fully digital experience, giving independent agents faster access to revenue opportunities.
A Faster, Simpler Agent Experience
Since launching the program in 2025, Root Insurance has rapidly scaled its agent network by combining automation, digital contracting, and streamlined underwriting workflows. Qualified agents can fast-track their access to Root by requesting an appointment online and completing the accelerated vetting process within 24 hours.
“We built this program to give independent agents a true competitive advantage,” said Jill Kellett, Senior Vice President of Product at Root Insurance. “By prioritizing speed and simplicity, we’re helping agents access new revenue opportunities almost instantly.”
Built for All Independent Agencies
Root Insurance designed the program to lower traditional barriers to entry, making it easier for:
Small and mid-sized agencies to compete by closing the gap between scale and product accessAgencies to expand carrier access quicklyAgents to move at the pace of modern business while still meeting rigorous market standards
National Agent Network
Root Insurance continues to expand its independent agent channel as part of its broader strategy to modernize insurance distribution.
Currently, 15,000+ independent agents are appointed with Root4,000+ agencies are approved to sell Root policiesActive in most states where Root writes business
The program gives agents access to a specialized portal that delivers fast, accurate, and bindable quotes, helping agents serve customers more efficiently. The 24-hour appointment process is now available to qualified agents across the majority of Root’s operating footprint. Independent agents can learn more or request an appointment by visiting joinroot.com/agents.
Frequently Asked Questions
What is Root Insurance’s 24-hour agent appointment program?
It is a fully digital onboarding process that allows independent insurance agents to become appointed and start selling Root policies within 24 hours.
How fast can agents start selling insurance with Root?
Qualified agents can complete onboarding and begin quoting bindable policies in as little as 24 hours. Note that an appointment within 24-hours depends on several factors, including the agent submitting the required documents and meeting qualification standards.
How is this different from traditional insurance carriers?
Most carriers require weeks for agent appointments. Root Insurance reduces this timeline to 24 hours using automation and digital workflows.
Who is eligible for the program?
Qualified independent agents operating in states where Root writes business can apply through the online appointment process. Independent agents can learn more at joinroot.com/agents.
About Root, Inc.
Root Insurance is a technology company revolutionizing car insurance through data science and automation. The Root app has reached more than 17 million downloads and has analyzed nearly 36 billion miles of driving data to deliver personalized and fair pricing. Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws regarding Root, Inc. These forward-looking statements relate to, among other things, expectations about our future business results. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the company's control and are difficult to predict. We have based our forward-looking statements on our current expectations, estimates and projections about our industry and our company. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties and assumptions that we cannot predict and many of which are beyond our control. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast in our forward-looking statements. In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we have included in Root's Form 10-K for the year ended Dec. 31, 2025, and other SEC filings, cautionary language identifying important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements. Copies of Root's Form 10-K and other SEC filings are available on the SEC's website, Root's website at ir.joinroot.com/investor-relations or by contacting Root's Investor Relations office.
COLUMBUS, Ohio, April 30, 2026 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the leading technology company in car insurance, today announced that it will participate in two upcoming investor conferences.
Alex Timm, Root’s Founder & Chief Executive Officer, and Megan Binkley, Root’s Chief Financial Officer, will have a presence at the following conferences:
Wells Fargo Financial Services Investor Conference on Wednesday, May 13, 2026 in ChicagoMorgan Stanley US Financials Conference on Tuesday, June 9, 2026 in New York While there will be no Company presentations, Root, Inc. will host one-on-one and group meetings with institutional investors at the conferences. The investor material to be used in the meetings can be found on the home page of Root’s Investor Relations website at ir.joinroot.com.
About Root, Inc.
Root Insurance is a technology company revolutionizing car insurance through data science and automation. The Root app has reached more than 17 million downloads and has analyzed nearly 36 billion miles of driving data to deliver personalized and fair pricing. Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company.
COLUMBUS, Ohio, May 06, 2026 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the leading technology company in car insurance, today announced it has successfully refinanced its existing debt into a new term loan facility led by The Huntington National Bank. In addition, Root’s board of directors has authorized the company to repurchase up to $75 million of its Class A common stock. Together, these actions further optimize the company’s capital structure and reflect its strong financial position, disciplined capital management, and commitment to enhancing long-term stockholder value.
"These actions reflect the strength of our operating performance and the progress we’ve made improving our cost of capital,” said Alex Timm, Founder and CEO of Root. “With a more efficient capital structure, we have greater flexibility to allocate capital dynamically. Our focus remains unchanged: deploying capital where we see the highest risk-adjusted returns, across both investing in the business and returning capital to stockholders.”
Debt Refinancing
On May 4, 2026, Root completed a $200 million senior secured term loan financing led by The Huntington National Bank. The term loan matures on May 4, 2029. Root used the proceeds from the term loan to repay its existing $200 million term loan facility with BlackRock and secure lower-cost bank financing. The term loan initially bears interest at SOFR + 3.25%, with pricing based on the company’s debt-to-capital ratio. This term loan represents a 225 basis point reduction from the prior facility and is expected to generate approximately $4.5 million in annual interest expense savings. In the second quarter of 2026, Root will expense approximately $4.8 million of unamortized debt discount, issuance costs, and a prepayment premium related to the prior term loan. The new credit facility enhances Root’s capital flexibility, including increased capacity to opportunistically execute share repurchases while continuing to invest in strategic priorities.
Share Repurchase Program
Root’s board of directors has authorized a share repurchase program of up to $75 million. Root may utilize various methods to effect any repurchases, which could include open market purchases, privately negotiated transactions, block purchases, accelerated share repurchase agreements or a combination of methods, including pursuant to trading plans adopted under Rule 10b5-1 under the Securities Exchange Act of 1934. The share repurchase program is intended to provide flexibility and enable opportunistic repurchases. It has no fixed expiration date, does not obligate Root to repurchase any specific number of shares or dollar amount, and may be modified, suspended, or discontinued at any time at the discretion of Root’s board of directors.
About Root, Inc.
Root Insurance is a technology company revolutionizing car insurance through data science and automation. The Root app has reached more than 17 million downloads and has analyzed nearly 36 billion miles of driving data to deliver personalized and fair pricing. Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company.
This press release contains forward-looking statements relating to, among other things, our share repurchase program, capital strategy, and the future performance of Root and its consolidated subsidiaries that are based on Root’s current expectations, forecasts, and assumptions, and involve risks and uncertainties. All statements other than statements of historical facts contained in this press release are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “path,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” or the negative of these words or other similar terms or expressions. These forward-looking statements include, but are not limited to, statements regarding: our share repurchase expectations; the anticipated benefits of our new term loan; our expected financial results for 2026; our ability to retain existing customers, acquire new customers and expand our customer reach; our expectations regarding our future financial performance, including total revenue, gross profit, net income (loss), direct contribution, adjusted EBITDA, net loss and loss adjustment expense (LAE) ratio, net expense ratio, net combined ratio, gross loss ratio, marketing costs and costs of customer acquisition, gross LAE ratio, gross expense ratio, gross combined ratio, operating expenses, quota share levels, changes in unencumbered cash balances and expansion of our new and renewal premium base; our ability to realize profits, acquire customers, retain customers, contract with additional partners to utilize the products, or achieve other benefits from our embedded insurance offering; our ability to expand our distribution channels through additional partnership relationships, digital media, independent agents and referrals; our ability to maintain, and drive a significant long-term competitive advantage through, our partnership with Carvana Group, LLC (Carvana), and other partnerships, such as our partnerships with Hyundai Capital America, Toyota and Experian; our ability to develop products for embedded insurance and other partners; the impact of geopolitical instability, supply chain disruptions, increasing inflation, a potential increase in tariffs or the implementation of new tariffs, a recession and/or disruptions to properly functioning financial and capital markets and interest rates on our business and financial condition; our ability to remain profitable and extend our capital runway; our goal to be licensed in all states in the United States and the timing of obtaining additional licenses and launching in new states; the accuracy and efficiency of our telematics and behavioral data, and our ability to gather and leverage existing and additional data; our ability to materially improve retention rates and our ability to realize benefits from retaining customers; our ability to underwrite risks accurately and charge profitable rates; our ability to maintain our business model and improve our capital and marketing efficiency; our ability to drive improved conversion and decrease the cost of customer acquisition; our ability to maintain and enhance our brand and reputation; our ability to effectively manage the growth of our business; our ability to raise additional capital efficiently or at all; our ability to improve our product offerings, introduce new products and expand into additional insurance lines; our ability to cross sell our products and attain greater value from each customer; our ability to compete effectively with existing competitors and new market entrants in our industry; future performance of the markets in which we operate; our ability to operate a “capital-efficient” business and obtain and maintain desirable levels of reinsurance; the effect of further reductions in the utilization of reinsurance, which would result in retention of more premium and losses and could cause our capital requirements to increase; our ability to realize economies of scale; our ability to attract, motivate and retain key personnel, or hire personnel, and to offer competitive compensation and benefits; our ability to deliver a vertically integrated customer experience; our ability to develop products that utilize telematics to drive better customer satisfaction and retention; our ability to protect our intellectual property and any costs associated therewith; our ability to develop an autonomous claims experience; our ability to take rate action early and react to changing environments; our ability to meet risk-based capital requirements; our ability to realize benefits from our Texas county mutual fronting arrangement; our ability to expand domestically; our ability to comply with laws and regulations that currently apply or become applicable to our business; the impact of litigation or other losses; changes in laws or regulations, or changes in the interpretation of laws or regulations by a regulatory authority, specific to the use of artificial intelligence, or AI, telematics data and the consent to use telematics data, connected car data, and other sources of data, or relating to taxation, including changes in tax regulations, or guidance promulgated pursuant to the new legislation implemented in the One Big Beautiful Bill Act, or the OBBBA; the impact of moratoriums, mandates and similar regulations or requests related to federal government shutdowns or other economic disruptions that negatively impact our ability to charge or increase premiums or result in increased premium write-offs; our ability to defend against cybersecurity threats and prevent, or recover from, a security incident or other significant disruption of our technology systems or those of our partners and third-party service providers; the effect of interest rates on our available cash and our ability to maintain compliance with our term loan; our ability to maintain proper and effective internal control over financial reporting; and the growth rates of the markets in which we compete. Root’s actual results could differ materially from those predicted or implied by such forward-looking statements, and reported results should not be considered as an indication of future performance.
Factors that could cause or contribute to such differences also include, but are not limited to, those factors that could affect Root’s business, operating results, and stock price included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Root’s 2025 Annual Report on Form 10-K at http://ir.joinroot.com or the SEC’s website at www.sec.gov.
Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to Root on the date hereof. We assume no obligation to update such statements.
COLUMBUS, Ohio, May 06, 2026 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the leading technology company in car insurance, today announced financial results for the first quarter. Root’s first quarter financial results and management commentary can be found in the shareholder letter posted to the company’s investor relations website. An updated version of the company’s investor presentation will also be available. Both can be found on ir.joinroot.com.
Root will host a conference call and earnings webcast to discuss the results and provide an update on company operations today, Wednesday, May 6, 2026 at 5:00 p.m. Eastern Time. To listen to the live audio webcast, please visit the News & Events section of Root’s Investor Relations website at ir.joinroot.com.
Webcast and Conference Call Details:
A replay of the webcast will be made available for on-demand viewing after the call on the Events page of the company’s website at
ir.joinroot.com.
About Root, Inc.
Root Insurance is a technology company revolutionizing car insurance through data science and automation. The Root app has reached more than 17 million downloads and has analyzed nearly 36 billion miles of driving data to deliver personalized and fair pricing. Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company.
Root is a data-driven car insurance company showing significant margin improvement and double-digit revenue growth, yet it trades at a deep discount to peers. Q1 delivered a record 14.4% adjusted EBITDA margin and 12.6% revenue growth, with management confident in sustaining similar results for the rest of the year. ROOT's valuation—2.06x EV/EBITDA and 2.75x P/TBV—implies 66% upside to a $94 price target, supported by a $75M buyback authorization.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ROOT over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
COLUMBUS, Ohio, May 28, 2026 (GLOBE NEWSWIRE) -- Root (NASDAQ: ROOT), the leading technology company in car insurance, is celebrating a historic milestone as drivers representing two different Root-sponsored teams, Chip Ganassi Racing and Meyer Shank Racing, captured back-to-back victories at the iconic Indianapolis 500.
After winning the 2025 Indianapolis 500 alongside Chip Ganassi Racing, Root returned to Victory Lane this year with Meyer Shank Racing, marking consecutive Indy 500 victories with two of INDYCAR’s top organizations. This achievement reflects Root’s strategic focus on identifying, selecting, and building deep partnerships with best-in-class organizations that share a commitment to precision, technology, and execution.
“Winning the Indianapolis 500 two years in a row with two different elite organizations is incredibly meaningful for Root,” said Jason Shapiro, SVP of Business Development at Root Insurance. “We continue to align ourselves with organizations that operate at the highest level under pressure, innovate constantly, and never stop pursuing improvement. That data-driven mindset mirrors our approach to building Root’s product and partner network.”
Root has rapidly expanded its partnership ecosystem across automotive, financial services, and independent agent channels, with strategic collaborations serving as a key driver of growth and helping to accelerate access to new customers nationwide. The company’s new writings in the partnership channel nearly tripled in 2025 alone, underscoring the momentum and scale of Root’s expanding distribution strategy.
The company sees its success in motorsports as a validation of its broader business philosophy of partnering with elite operators who challenge convention and deliver results. This partnership approach directly extends to INDYCAR racing, where the demands for precision, speed, teamwork, and constant innovation closely align with how Root uses technology, data, and analytics to build and scale its business.
“Root has become part of our racing family,” said Mike Shank, Co-Owner of Meyer Shank Racing. “They understand that great partnerships are built on trust, alignment, and shared ambition. This Indy 500 win is the ultimate validation of our shared track record of success.”
Beyond race day exposure, Root’s INDYCAR partnerships have strengthened relationships across the automotive and technology spaces while creating opportunities for collaboration with some of the most respected operators, engineers, and executives in professional sports.
“We look for partners that truly understand performance and innovation,” said Chip Ganassi, Owner of Chip Ganassi Racing. “Root has been an outstanding partner because they share our mindset, pushing boundaries, trusting data, and striving to improve every day."
Root is actively expanding strategic partnerships nationwide as it continues growing its embedded insurance and distribution footprint. These consecutive Indianapolis 500 victories now stand as a powerful example of Root’s ability to identify high-performing partners, invest in innovation, and build relationships designed to win.
About Root, Inc.
Root Insurance is a technology company revolutionizing car insurance through data science and automation. The Root app has reached more than 17 million downloads and has analyzed more than 36 billion miles of driving data to deliver personalized and fair pricing. Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company.
Forward Looking Statements:
This press release contains forward-looking statements within the meaning of federal securities laws regarding Root, Inc. These forward-looking statements relate to, among other things, expectations about our future business results. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the company's control and are difficult to predict. We have based our forward-looking statements on our current expectations, estimates and projections about our industry and our company. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties and assumptions that we cannot predict and many of which are beyond our control. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast in our forward-looking statements. In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we have included in Root's Form 10-K for the year ended Dec. 31, 2025, and other SEC filings, cautionary language identifying important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements. Copies of Root's Form 10-K and other SEC filings are available on the SEC's website, Root's website at ir.joinroot.com/investor-relations or by contacting Root's Investor Relations office.
Root Inc. has transitioned from heavy losses to two consecutive years of profitability, driven by improved underwriting and disciplined operations. ROOT's combined ratio improved from 133.2% to below 100%, with net profits of $40.3M and $30.9M in 2025 and 2024, respectively. Distribution partnerships and better customer selection, as well as telematics, appear to have been key to ROOT's turnaround.
YubiHSM 2 FIPS delivers high-assurance cryptographic protection for keys, secrets and non-human identities in modern enterprise and operational technology environments
SANTA CLARA, Calif. & STOCKHOLM--(BUSINESS WIRE)--Yubico (Nasdaq Stockholm: YUBICO), the pioneer of phishing-resistant authentication and creator of the YubiKey, today announced that YubiHSM 2 FIPS has achieved FIPS 140-3 validation with Certificate #5302, published by the National Institute of Standards and Technology (NIST) Cryptographic Module Validation Program (CMVP). Following the YubiKey 5 FIPS Series also becoming FIPS 140-3 validated, this milestone reinforces Yubico’s commitment to delivering modern hardware-backed security for organizations protecting critical infrastructure, manufacturing systems, government environments and high-assurance enterprise workloads.
"Achieving FIPS 140-3 validation reinforces Yubico’s commitment to delivering modern, high-assurance cryptographic security built for today’s evolving threat landscape.”
Share Cyberattacks increasingly target cryptographic keys, machine identities and software supply chains, organizations require stronger hardware roots of trust to secure sensitive systems and operations. YubiHSM 2 FIPS is purpose-built to protect cryptographic keys and perform secure cryptographic operations inside a tamper-resistant hardware security module (HSM), helping organizations reduce exposure to key theft, credential compromise and unauthorized access.
“AI-driven cyber threats are accelerating attacks against software, identities and cryptographic infrastructure,” said Albert Biketi, chief product and technology officer at Yubico. “YubiHSM 2 FIPS delivers a hardware-backed root of trust for organizations securing sensitive workloads, manufacturing systems, operational technology and critical infrastructure. Achieving FIPS 140-3 validation reinforces Yubico’s commitment to delivering modern, high-assurance cryptographic security built for today’s evolving threat landscape.”
As U.S. Government agencies and regulated enterprises accelerate Zero Trust adoption, the FIPS 140-3 validation of Yubico’s YubiHSM 2 Cryptographic Module under NIST CMVP Certificate #5302 strengthens a critical hardware-backed foundation for modern identity, data protection and AI security. NIST SP 800-207 defines Zero Trust around granular, least privilege, per request access decision in environments where the network is assumed compromised. CISA’s Zero Trust Maturity Model, and the NSA Zero Trust Implementation Guides, translate those principles into maturity and implementation guidance across identity, devices, application and workloads, data, automation and analytics.
Anthropic’s latest paper on Zero Trust for AI agents extends this same model to AI agents, emphasizing cryptographically rooted identities, task scoped permissions and breach ready architectures. YubiHSM helps organizations protect cryptographic keys, certificates and credentials while supporting continuous verification, least-privilege access, and cryptographically rooted trust for mission-critical systems and emerging AI agent workflows.
The YubiHSM 2 FIPS 140-3 validated module meets Overall Level 3 security requirements and provides advanced physical security protections for safeguarding cryptographic material and sensitive operations. The validation aligns with the latest FIPS 140-3 cryptographic framework and international ISO/IEC 19790 standards, helping organizations meet evolving global security and compliance expectations.
For more information on YubiHSM 2 FIPS and FIPS 140-3 validation, visit: https://www.yubico.com/products/hardware-security-module/
About Yubico
Yubico (Nasdaq Stockholm: YUBICO) is a modern cybersecurity company on a mission to make the digital world safer for everyone. As the inventor of the YubiKey, we set the gold standard for modern phishing-resistant, hardware-backed authentication, stopping account takeovers and making secure login simple.
Since 2007, we’ve helped shape global authentication standards, co-created FIDO2, WebAuthn, and FIDO U2F, and introduced the original passkey. Today, our passkey technology secures people and organizations in over 160 countries—transforming how digital identity is protected from onboarding to account recovery.
Trusted by the world’s most security-conscious brands, governments, and institutions, Yubico solutions deliver hardware-backed trust for both human and machine identities across modern enterprise environments.
We believe strong security should never be out of reach. Through our philanthropic initiative, Secure it Forward, we donate YubiKeys to nonprofits supporting at-risk communities.
Headquartered in Stockholm, Sweden; Santa Clara, California; and Singapore, Yubico is proud to be recognized as one of TIME’s 100 Most Influential Companies and Fast Company’s Most Innovative Companies. Learn more at www.yubico.com.
COLUMBUS, Ohio, June 04, 2026 (GLOBE NEWSWIRE) -- Root (NASDAQ: ROOT), the leading technology company in car insurance, and Hugo, the first pay-at-your-pace liability insurance, announced today a new partnership that expands access to affordable full coverage options and creates a simpler path for drivers to find coverage that fits both their needs and budget.
Root will serve as an expanded full coverage option for Hugo customers, giving drivers access to coverage that complements Hugo's industry leading liability insurance payment options. The new integration connects customers seeking full coverage with Root’s instant, personalized insurance offering through Hugo’s modern digital experience. By expanding access to coverage options, the partnership gives drivers more choice and flexibility as they evaluate insurance solutions that align with their unique circumstances at the moment they’re making decisions, without sacrificing value or convenience.
"Hugo is helping make insurance more accessible by meeting customers where they are and offering greater flexibility in how they purchase and manage coverage," said Jason Shapiro, Senior Vice President of Business Development at Root. "By partnering with Hugo, we're able to bring Root's personalized approach to pricing and our commitment to affordability to more drivers."
For many drivers, traditional insurance products and payment structures don’t align with how they manage their finances. Hugo has built a differentiated insurance model around addressing that challenge with flexible payment options that fit real budgets, while Root has reimagined insurance pricing through technology that better matches rates to individual risk.
"Hugo exists for drivers who've been underserved by traditional insurance," said Seth Rediger, Head of Distribution at Hugo. "With Hugo, drivers can get covered in a way that actually fits their life. They pay at their own pace and manage their account right from their phone. Root approaches insurance the same way we do, by putting the customer first and building around what they actually need to thrive. This partnership puts additional full coverage options in front of the customers who need them most."
This collaboration reflects Root’s continued investment in partnerships that embed its digital insurance experience into relevant customer journeys through platforms they already know and trust. Root is available to eligible Hugo customers in the 16 states where Hugo does business.
About Root, Inc.
Root Insurance is a technology company revolutionizing car insurance through data science and automation. The Root app has reached more than 17 million downloads and has analyzed more than 36 billion miles of driving data to deliver personalized and fair pricing. Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company.
For more information, visit root.com.
About Hugo
Hugo is on a mission to make financial stability achievable for every American. Hugo offers a technology-first car insurance solution designed to make car insurance more affordable and accessible through flexible payments. Hugo’s flagship product is the first pay-at-your-pace liability insurance, designed to eliminate large upfront costs and give drivers more control over how they pay for coverage. Hugo offers 6-month liability insurance policies while giving drivers the flexibility to break payments into smaller amounts that fit their budgets. By rethinking how insurance is paid for, Hugo is making reliable coverage more accessible for everyday drivers.
Forward Looking Statements:
This press release contains forward-looking statements within the meaning of federal securities laws regarding Root, Inc. These forward-looking statements relate to, among other things, expectations about our future business results. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the company's control and are difficult to predict. We have based our forward-looking statements on our current expectations, estimates and projections about our industry and our company. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties and assumptions that we cannot predict and many of which are beyond our control. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast in our forward-looking statements. In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we have included in Root's Form 10-K for the year ended Dec. 31, 2025, and other SEC filings, cautionary language identifying important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements. Copies of Root's Form 10-K and other SEC filings are available on the SEC's website, Root's website at ir.joinroot.com/investor-relations or by contacting Root's Investor Relations office.
TORONTO--(BUSINESS WIRE)--Roots (“Roots,” or the “Company”) (TSX: ROOT), a premium outdoor-lifestyle brand, announced today financial results for its first quarter ended May 2, 2026 (“Q1 2026”). All financial results are reported in Canadian dollars unless otherwise stated. Certain metrics, including those expressed on an adjusted basis, are non-IFRS measures. See “Non-IFRS Measures and Industry Metrics” below. Distribution Centre Transition Update In January 2026, the Company announced its str.
Roots TSE: ROOT reported higher first-quarter sales for fiscal 2026 as growth in its direct-to-consumer business and partner channels helped offset pressure from temporary gross margin headwinds and higher project-related expenses.
President and Chief Executive Officer Meghan Roach said the company entered the year with “strong momentum,” pointing to total first-quarter sales of CAD 42.6 million, up 6.5% from CAD 40.0 million a year earlier. Direct-to-consumer sales rose 3.3% to CAD 35.8 million, while comparable sales increased 3.2%, or 16.6% on a two-year stacked basis.
Partners and other revenue grew 26.6% to CAD 6.8 million, supported by strength in wholesale, business-to-business, custom products and licensing channels.
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Margins Pressured by Temporary Inventory Actions Gross profit increased 3.8% to CAD 25.5 million, though total gross margin declined to 59.9% from 61.5% in the prior-year quarter. Direct-to-consumer gross margin was 61.3%, compared with 62.9% last year.
Roach said the gross margin change reflected two temporary factors: an effort to reduce aged inventory by moving more product to final sale ahead of the company’s transition to a new third-party logistics partner, and the sale of inventory purchased at a higher U.S. dollar exchange rate last year.
Chief Financial Officer Leon Wu said the final sale initiative was intended to minimize inventory that would need to be transferred to the new distribution center and reduce the potential processing of returns during the transition. He said the initiative does not reflect a change in the long-term inventory strategy tied to the company’s move to a third-party logistics model.
“Going forward, we continue to take a very disciplined approach on managing our inventory and making sure that that balance remains healthy,” Wu said during the question-and-answer portion of the call.
Losses Widen on Distribution Center and Strategic Review Costs Roots reported a net loss of CAD 10.1 million, or CAD 0.26 per share, compared with a net loss of CAD 7.9 million, or CAD 0.20 per share, in the first quarter of fiscal 2025. Adjusted net loss was CAD 7.6 million, or CAD 0.19 per share, compared with CAD 7.4 million, or CAD 0.18 per share, a year earlier.
Adjusted EBITDA was a loss of CAD 7.4 million, compared with a loss of CAD 7.1 million in the prior-year quarter.
Wu said the company incurred CAD 2.4 million of incremental costs related to its distribution center transition with Metro Supply Chain and its ongoing strategic review process. The costs had a more pronounced impact because the first quarter is seasonally smaller and has historically represented about 14% of full-year sales.
Selling, general and administrative expenses rose 12% to CAD 37.3 million from CAD 33.3 million. The total included CAD 1.8 million of incremental costs tied to the distribution center transition, including CAD 1.7 million of accelerated non-cash depreciation on existing assets, and CAD 0.6 million of incremental consulting and legal costs related to the strategic review.
Excluding those non-recurring costs, Wu said SG&A would have increased 4.9%, driven by higher variable selling costs, store occupancy costs, personnel-related expenses, stock option expenses, severance costs and a CAD 0.2 million expense from revaluing cash-settled deferred share units linked to the company’s share price.
Product Categories and Partnerships Support Sales Roach said Roots’ merchandising performance reflected continued strength in core franchises and newer growth categories. The company’s Cloud collection delivered another strong quarter, with demand outpacing planned supply in parts of the collection. Activewear continued to grow and now accounts for more than 10% of direct-to-consumer sales.
Midweight outerwear and the company’s spring lifestyle collection also performed ahead of expectations, which Roach said supported the company’s strategy to expand the Roots brand into year-round complementary categories.
The company also highlighted collaborations and partnerships, including the Roots Toronto Blue Jays 50th Anniversary Collection, the second drop of its official WNBA collection in March and an April limited-edition spring/summer collaboration with Loopy, a popular Korean character, alongside Roots mascot Buddy the Beaver.
Roach said marketing efforts in the quarter continued to move toward a more disciplined, data-driven model focused on return on advertising spend and incremental contribution. Paid search and paid social channels both delivered growth, and conversion-focused campaigns generated incremental revenue.
The company also completed an external assessment of its customer base, which Roach said confirmed that Roots’ customers are “sticky,” retention is consistent across cohorts and omni-channel customers generate higher lifetime value than customers shopping through one channel only.
Retail, E-Commerce and Operations Remain Key Focus Areas Comparable store sales improved year-over-year, which management attributed to investments in selling training, visual merchandising and store operations. Roots completed renovations at several key locations during the quarter, including Sherway Gardens in Toronto.
The company also opened its first mono-brand Roots store in Vancouver International Airport in partnership with Volta. Roach said Roots sees growth opportunities in travel retail locations across Canada, citing the brand’s association with Canada, travel and comfort.
In e-commerce, online traffic and revenue both grew year-over-year. Roach said paid media generated meaningful incremental revenue and that the company expects to continue building on that progress through the rest of the year.
The company’s distribution center transition to Metro Supply Chain remains on track for completion this summer. Roach also said Roots continues to integrate artificial intelligence into its workflow, with benefits across inventory management, analytics, omni-channel experience and customer service.
Balance Sheet Improves as Strategic Review Continues Inventory ended the quarter at CAD 45.0 million, up 11.1% from CAD 40.5 million last year. Wu said CAD 0.5 million of the increase was due to unfavorable foreign exchange impacts, while the remaining increase reflected higher in-transit inventory for upcoming selling seasons and more inventory in the partners and other segment to support custom product wholesale demand.
Free cash outflow improved to CAD 19.1 million from CAD 21.8 million a year earlier, driven by sales growth and working capital management. Net debt was CAD 23.4 million at quarter-end, down 20.7% from CAD 29.6 million a year earlier. The company’s net leverage ratio was 1.0 times, measured as net debt over trailing 12-month Adjusted EBITDA.
Roots had CAD 32.6 million outstanding under its credit facilities and total liquidity of CAD 53.7 million, including net cash and available borrowings.
During the Q&A session, Wu said the company had not seen a material impact from fuel surcharges, freight or raw materials in the first quarter. Roach said the consumer environment remains dynamic and that the company is monitoring inflation and broader conditions as it approaches its peak third and fourth quarters.
Asked about the strategic review process, Roach said the company does not intend to disclose developments unless the board approves a specific transaction or determines disclosure is required or appropriate by law. “At this point, there is no further update,” she said.
About Roots TSE: ROOTRoots Corp provides a portfolio of apparel, leather goods, accessories, and footwear for men, women, and children under the Roots brand. Its merchandise includes genuine leather, such as jackets, bags, and luggage; kids & baby clothing; and leather, linens, towels, and accessories. The company operates through two segments: Direct-To-Consumer, which accounts for majority revenue, and Partners & Other. The DTC segment sells products through the company's corporate retail stores and e-commerce. The Partners & Other segment engage in the wholesale of Roots branded products to the company's international operating partner, and it earns royalties on the retail sales of Roots-branded products.
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