The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how EverQuote (NASDAQ: EVER) and the rest of the online marketplace stocks fared in Q2.

Marketplaces have existed for centuries. Where once it was a main street in a small town or a mall in the suburbs, sellers benefitted from proximity to one another because they could draw customers by offering convenience and selection. Today, a myriad of online marketplaces fulfill that same role, aggregating large customer bases, which attracts commission-paying sellers, generating flywheel scale effects that feed back into further customer acquisition.

The 11 online marketplace stocks we track reported a satisfactory Q2. As a group, revenues beat analysts’ consensus estimates by 1.9% while next quarter’s revenue guidance was 1.8% below.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 9.3% since the latest earnings results.

EverQuote (NASDAQ: EVER)

Aiming to simplify a once complicated process, EverQuote (NASDAQ: EVER) is an online insurance marketplace where consumers can compare and purchase various types of insurance from different providers

EverQuote reported revenues of $195.1 million, up 24.6% year on year. This print exceeded analysts’ expectations by 2.6%. Overall, it was a strong quarter for the company with an impressive beat of analysts’ EBITDA estimates.

Interestingly, the stock is up 1.9% since reporting and currently trades at $24.55.

Is now the time to buy EverQuote? Access our full analysis of the earnings results here, it’s free.

Best Q2: Sea (NYSE: SE)

Founded in 2009 and a publicly traded company since 2017, Sea (NYSE: SE) started as a gaming platform and has since expanded to offer a variety of services such as e-commerce, digital payments, and financial services across Southeast Asia.

Sea reported revenues of $7.74 billion, up 44.3% year on year, outperforming analysts’ expectations by 7.3%. The business had an exceptional quarter with a solid beat of analysts’ EBITDA estimates and solid growth in its users.

Sea achieved the biggest analyst estimate beat of the whole group. The company reported 68.1 million users, up 10.2% year on year. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 13.6% since reporting. It currently trades at $113.59.

Is now the time to buy Sea? Access our full analysis of the earnings results here, it’s free.

Weakest Q2: LegalZoom (NASDAQ: LZ)

Founded by famous lawyer Robert Shapiro, LegalZoom (NASDAQ: LZ) offers online legal services and documentation assistance for individuals and businesses.

LegalZoom reported revenues of $205.3 million, up 6.6% year on year, in line with analysts’ expectations. It was a softer quarter as it posted revenue guidance for next quarter missing analysts’ expectations significantly and EBITDA guidance for next quarter missing analysts’ expectations significantly.

As expected, the stock is down 26.6% since the results and currently trades at $5.95.

Read our full analysis of LegalZoom’s results here.

ACV Auctions (NYSE: ACVA)

Founded in 2014, ACV Auctions (NYSE: ACVA) is an online auction marketplace for car dealers and wholesalers to buy and sell used cars.

ACV Auctions reported revenues of $213.9 million, up 10.4% year on year. This result missed analysts’ expectations by 0.6%. Overall, it was a slower quarter as it also recorded EBITDA guidance for next quarter missing analysts’ expectations and full-year revenue guidance meeting analysts’ expectations.

ACV Auctions achieved the highest full-year guidance raise in the group. The stock is down 3.2% since reporting and currently trades at $7.03.

Read our full, actionable report on ACV Auctions here, it’s free.

CarGurus (NASDAQ: CARG)

Bringing transparency to a sometimes opaque process, CarGurus (NASDAQ: CARG) is a digital marketplace where auto dealers can connect with potential customers and where car buyers can browse, purchase, and obtain financing.

CarGurus reported revenues of $251 million, up 13.1% year on year. This number was in line with analysts’ expectations. Aside from that, it was a satisfactory quarter as it also logged a solid beat of analysts’ EBITDA estimates but revenue guidance for next quarter slightly missing analysts’ expectations.

The company reported 34,629 users, up 4.6% year on year. The stock is down 10.2% since reporting and currently trades at $32.65.

Read our full, actionable report on CarGurus here, it’s free.

Market Update

Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.

Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.

By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.

Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.