$ROOT

[image] A bit disappointed that $ROOT's PIF count declined sequentially this quarter (though still up 6% YoY), but I'm encouraged that management continues prioritizing profitable growth over chasing uneconomic volume. Through the first half of 2026, $ROOT generated $61.3M in net income

[image] $ROOT, net income quite generous again at $25M, while also growing 6% YoY. Pretty much in line with my expectations. I don't expect it to run until growth kicks up a gear and the Hyundai deal formally announced for POS.

[text] $ROOT made $61.3M in net income already this year. Their market cap is 575M if you back out unecumbered cash. If H2 is as profitable, they're generating $122.6M in net income annualized That gives them a cash-adjusted P/E of 4.69

[image] Our good friend @RileyE645 pointed out in $ROOT's Q2 10Q report something that didn't exist in their Q1 report. $ROOT may potentially release up to $340 mil as a one-time tax benefit! 👀 GAAP net income and EPS may then look better for a period, but underneath, book value

[image] Article on why the market sold off $ROOT on their Q2 report. Root needs a catalyst to run here, such as Hyundai POS, or growing PIF through partner channel while maintaining profitability. A soft market can last for years. Root needs to grow through it.

[image] $ROOT new website is out 🔥

[image] As $ROOT continues expanding to all contiguous states + DC, one of the biggest long-term tailwinds may be partner attach rates. For instance, and by most accounts, $ROOT is attaching insurance on about 12% of $CVNA vehicle sales today. Once nationwide availability removes