CCC Intelligent Solutions HoldingsNYSE: CCCS

CHICAGO--(BUSINESS WIRE)--CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ: CCCS) today announced the pricing of the previously announced secondary offering of the Company's common stock (the “Offering”) by affiliates of Advent International, L.P. and Oak Hill Capital Partners (collectively, the “Selling Stockholders”). The Offering consists of 30 million shares of the Company's common stock. The shares will be offered from time to time for sale through negotiated transactions or.

CHICAGO--(BUSINESS WIRE)--CCC Intelligent Solutions Holdings Inc. (the “Company”) (NASDAQ: CCCS) today announced the proposed secondary offering of 50 million shares of the Company's common stock (the “Offering”) by affiliates of Advent International, L.P. and Oak Hill Capital Partners (collectively, the “Selling Stockholders”). The shares will be offered from time to time for sale through negotiated transactions or otherwise at market prices prevailing at the time of sale. The Offering consist.

CCCS Intelligent Solutions exceeded expectations with a 11% revenue growth in the first quarter of 2024 and has increased its revenue guidance for the full year. The company has plenty of room for growth and opportunities to cross-sell in the auto-claims process and the larger property and casualty insurance market. The new IX Cloud platform will enhance customer loyalty and create more chances for cross-selling, and the introduction of AI-related products and payment options provide further potential for growth.

CCC Intelligent Solutions Holdings Inc. will be presenting at two upcoming investor conferences: The J.P. Morgan Global Technology, Media and Communications Conference in Boston, MA on May 21, 2024, and The William Blair Growth Stock Conference in Chicago, IL.

CCC Intelligent Solutions Holdings, Inc. (NASDAQ:CCCS) will be holding their Q1 2024 Earnings Conference Call on April 30, 2024 at 5:00 PM ET. Participants include William Warmington, Githesh Ramamurthy, and Brian Herb. Various analysts from Barclays Bank, Bank of America Merrill Lynch, Citigroup, CJS Securities, Morgan Stanley, JPMorgan Chase & Co., Goldman Sachs Group, Barrington Research Associates, William Blair & Company, and Jefferies will also be participating. The operator will begin the call shortly. Thank you for joining.

CCCS reported quarterly earnings of $0.09 per share, which matched the Zacks Consensus Estimate. This is an increase from earnings of $0.07 per share in the same quarter last year.

CCC Intelligent Solutions Holdings Inc. (CCCS) Q4 2023 Earnings Call Transcript

CCC Intelligent Solutions Holdings Inc. (CCCS) came out with quarterly earnings of $0.09 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.07 per share a year ago.

CCC Intelligent Solutions had a strong 3Q23, with total revenue growing 11.3% and exceeding consensus estimates. CCCS launched several new products, including Impact Dynamics and CCC Amplify, which are expected to drive growth and increase customer adoption. The Parts segment of CCCS saw positive developments with the addition of new Lexus and Toyota dealers, strengthening its position in the market.