$ROOT is moving into insurance stocks ($IAK, KIE) and they're really showing promise. Insurance stocks are up 12% from their yearly low and 0.4% today, while the Nasdaq is down 2% today and 11.4% from its high. Two auto insurers gained customers in 2024, with $ROOT being one of them. The other insurers lost customers. Considering this defensive sector, you have $ROOT, which grew 159% last year, has excellent loss ratios, and has huge 100X potential, or the legacy insurers, which are behind $ROOT in tech and losing market share. $ROOT is a steal right now: it'll rival NI, grow faster, and have more book value than RYAN by 2025, yet $RYAN is valued at 19B. Even if $ROOT 10X in price, it'd still be cheaper than $RYAN based on future earnings and PEG. Buying $ROOT is like buying $PGR in 1980 at 5 cents, a nearly 5500X+ return. $CVNA
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
