Root
ROOT on Nasdaq. Root sells car insurance to drivers. Market value $1.6bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Financial services stocks that passed both tests
This is not advice. Check the numbers below.
Yearly profit per dollar of owners' money: -66 cents. Above 10 is good.
What you pay for each dollar of net assets: $2.46.
Profit per $100 you pay: $7.59.
Quality score: 13 of 100. Price score: 60 of 100. Our list needs 70 on quality and 60 on price.
$47.17 a share, 15% above its 1-year low
Over the past year the price has ranged from $40.91 to $91.00.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $345m | $311m | $455m | $1.2bn | $1.5bn |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.01bn | 0.01bn | 0.01bn | 0.02bn | 0.02bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsStrong, 34.3% a year
- Buying back its own sharesNo, 24% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $389 million last quarter, up 2% on a year ago.
- Profit: $25 million, up 15% on a year ago.
- 1% fewer shares than a year ago. Each share owns a bit more of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $306m |
| December 2024 | $327m |
| March 2025 | $349m |
| June 2025 | $383m |
| September 2025 | $388m |
| December 2025 | $397m |
| March 2026 | $394m |
| June 2026 | $389m |
| Quarter to | Amount |
|---|---|
| September 2024 | $23m |
| December 2024 | $22m |
| March 2025 | $18m |
| June 2025 | $22m |
| September 2025 | -$5m |
| December 2025 | $5m |
| March 2026 | $36m |
| June 2026 | $25m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 25 February 2026
- Next quarterly (estimated, 10-Q)
- 4 November 2026
Who owns it
2 long-term investors we follow own it, up from 1 last quarter. 160 funds in all.
- Cannell CapitalJ. Carlo Cannell
- Value
- $3m
- Share of fund
- 2.0%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Cannell CapitalJ. Carlo Cannell | $3m | 2.0% | |
| Boston PartnersBoston Partners team | $247,050 | <0.1% | New |
Largest holders overall
- Ribbit Management Company$69m
- T. Rowe Price Investment Management$68mAdded
- BlackRock$64mAdded
- Vanguard Capital Management$30mAdded
- Findell Capital Management$26mAdded
- Geode Capital Management$19mAdded
- State Street$16mAdded
- Galileo (PTC)$14m
- Renaissance Technologies$14mAdded
- Boothbay Fund Management$11mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
6 investors own more than 5%.
- Ribbit Capital GP IV, Ltd.Passive investorat least 8.7%−3.3 pts(filed with 5 related holders)Since 30 June 2025
- T. Rowe Price Investment Management, Inc.Passive investor8.6%+2.5 ptsSince 31 March 2026
- Alexander E. TimmPassive investor7.8%−1.4 ptsSince 30 June 2025
- BlackRock, Inc.Passive investor7.2%Since 30 June 2026
- Carvana Group, LLCat least 5.4%−15.8 pts(filed with 2 related holders)Since 31 August 2026
What they said
Item 4 of the Schedule 13D is hereby amended and supplemented to add the following: The Warrant Cancellation Agreement and the related transactions were effected to restructure the existing warrant arrangements between Carvana Group and the Issuer. Pursuant to the Warrant…
Read the filing - Christopher OlsenPassive investorat least 2.3%(filed with 8 related holders)Since 21 May 2025
- SVB Capital Management, LLCPassive investorSold down below 5%Since 28 February 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Ribbit Capital GP IV, Ltd. Passive investor | at least 8.7%−3.3 pts (filed with 5 related holders) | 30 June 2025 | |
T. Rowe Price Investment Management, Inc. Passive investor | 8.6%+2.5 pts | 31 March 2026 | |
Alexander E. Timm Passive investor | 7.8%−1.4 pts | 30 June 2025 | |
BlackRock, Inc. Passive investor | 7.2% | 30 June 2026 | |
Carvana Group, LLC | at least 5.4%−15.8 pts (filed with 2 related holders) | 31 August 2026 | What they saidItem 4 of the Schedule 13D is hereby amended and supplemented to add the following: The Warrant Cancellation Agreement and the related transactions were effected to restructure the existing warrant arrangements between Carvana Group and the Issuer. Pursuant to the Warrant… Read the filing |
Christopher Olsen Passive investor | at least 2.3% (filed with 8 related holders) | 21 May 2025 | |
SVB Capital Management, LLC Passive investor | Sold down below 5% | 28 February 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 4 sold $3m, $3m of it under preset trading plans.
- Allison JonathanChief Administrative OfficerSoldunder a preset trading plan
- Date
- 15 May 2026
- Shares
- 1,606
- Price
- $55.96
- Value
- $89,872
- Allison JonathanChief Administrative OfficerSoldunder a preset trading plan
- Date
- 12 May 2026
- Shares
- 1,706
- Price
- $55.74
- Value
- $95,092
- Allison JonathanChief Administrative OfficerSoldunder a preset trading plan
- Date
- 7 April 2026
- Shares
- 1,706
- Price
- $44.35
- Value
- $75,661
- Allison JonathanChief Administrative OfficerSoldunder a preset trading plan
- Date
- 2 April 2026
- Shares
- 4,112
- Price
- $42.33
- Value
- $174,061
- Allison JonathanChief Administrative OfficerSoldunder a preset trading plan
- Date
- 20 March 2026
- Shares
- 3,990
- Price
- $44.78
- Value
- $178,672
- Allison JonathanChief Administrative OfficerSoldunder a preset trading plan
- Date
- 17 March 2026
- Shares
- 3,990
- Price
- $45.00
- Value
- $179,550
- Allison JonathanChief Administrative OfficerSoldunder a preset trading plan
- Date
- 12 March 2026
- Shares
- 3,900
- Price
- $43.61
- Value
- $170,079
- Allison JonathanChief Administrative OfficerSoldunder a preset trading plan
- Date
- 10 March 2026
- Shares
- 3,900
- Price
- $44.97
- Value
- $175,383
- Ulman DougDirectorSold
- Date
- 9 March 2026
- Shares
- 13,152
- Price
- $45.11
- Value
- $593,287
- Allison JonathanChief Administrative OfficerSoldunder a preset trading plan
- Date
- 5 March 2026
- Shares
- 3,900
- Price
- $48.05
- Value
- $187,395
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 15 May 2026 | Allison Jonathan Chief Administrative Officer | Sold under a preset trading plan | 1,606 | $55.96 | $89,872 |
| 12 May 2026 | Allison Jonathan Chief Administrative Officer | Sold under a preset trading plan | 1,706 | $55.74 | $95,092 |
| 7 April 2026 | Allison Jonathan Chief Administrative Officer | Sold under a preset trading plan | 1,706 | $44.35 | $75,661 |
| 2 April 2026 | Allison Jonathan Chief Administrative Officer | Sold under a preset trading plan | 4,112 | $42.33 | $174,061 |
| 20 March 2026 | Allison Jonathan Chief Administrative Officer | Sold under a preset trading plan | 3,990 | $44.78 | $178,672 |
| 17 March 2026 | Allison Jonathan Chief Administrative Officer | Sold under a preset trading plan | 3,990 | $45.00 | $179,550 |
| 12 March 2026 | Allison Jonathan Chief Administrative Officer | Sold under a preset trading plan | 3,900 | $43.61 | $170,079 |
| 10 March 2026 | Allison Jonathan Chief Administrative Officer | Sold under a preset trading plan | 3,900 | $44.97 | $175,383 |
| 9 March 2026 | Ulman Doug Director | Sold | 13,152 | $45.11 | $593,287 |
| 5 March 2026 | Allison Jonathan Chief Administrative Officer | Sold under a preset trading plan | 3,900 | $48.05 | $187,395 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.