CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCC) shares surged 13.01% to $6.09 in overnight trading on Thursday after the company reportedly is exploring a sale.
Private Equity Circles CCC Amid Sale Talks
The Chicago-based software provider has hired Morgan Stanley (NYSE:MS) to advise on the process and has reached out to potential buyers, including private equity firms, according to Reuters, which reported the details after-hours trading, citing sources.
CCC’s platform serves more than 35,000 businesses across the auto insurance and repair ecosystem. Its market value has slid to about $3.29 billion, with shares down 44.82% over 12 months.
CCC Intelligent Solutions considered a potential sale in 2023, but no deal was completed. Advent International, which acquired CCC in 2017 and took the company public through a SPAC merger in 2021, fully exited its investment through secondary share sales in 2025.
Weak Stock, Strong Fundamentals
On Thursday, before the market opened, CCC announced it will release its financial results for the second quarter ended Jun. 30.
In the last quarter, reported in April, the company topped both revenue and earnings-per-share estimates. Including the previous quarter, results have surpassed analyst estimates for four straight quarters.
On Jul. 2, Stifel reiterated a Buy rating with a $9 price target, implying 48.03% upside.
Trading Metrics, Technical Analysis
CCC Intelligent Solutions has a 52-week high of $10.50 and a 52-week low of $4.08.
The stock has a Relative Strength Index (RSI) of 60.32.
Over the past month, CCC has gained 14.47%.
The mid-cap stock is currently trading at about 20% of its 52-week range, near the lower end of its annual trading band.
Price Action: CCC closed the regular session on Thursday at $5.38, according to Benzinga Pro.
Benzinga’s Edge Stock Rankings indicate that CCC is experiencing long-term consolidation along with medium and short-term upward movement.
Photo courtesy: Zakharchuk / Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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