CCC Intelligent Solutions Holdings (CCC +25.10%) had a good Wednesday. Twenty-five percent up. That’s… something. It happened because they made a little money, and announced they’d buy back some of their own stock. Which, let’s be honest, is mostly just moving money around. So it goes.
Numbers, and What They Mean (Or Don’t)
They reported revenue just shy of $278 million, up 13% from last year. Not bad. Net income, the kind accountants like to pretend is real, rose a modest 1% to $65.3 million. A tiny blip on the radar of the universe, really. But enough to make some people happy. They beat expectations, which are, of course, just guesses dressed up in spreadsheets.
The pundits thought they’d make $275.5 million in revenue, and earn $0.09 a share. CCC made a little more. It’s a game of inches, this whole thing. A game played on a very small patch of dirt, while the stars explode in the distance.
Artificial intelligence, that latest shiny object, got a mention. The CEO, Githesh Ramamurthy, said it’s accelerating their customers’ digital transformation. Sounds important. Sounds like a lot of buzzwords, too. He also said their data and workflows are “critical.” Everyone’s data is critical, apparently. Even mine. Which mostly consists of grocery lists and bad puns.
More Money, More Promises
They’re predicting revenue of $1.15 to $1.16 billion next year. A big number. Adjusted EBITDA, whatever that is, should be around $477 to $485 million. Analysts think $1.15 billion. Close enough. It’s all a projection, a hopeful guess about the future. And the future, as we all know, rarely arrives as planned.
And then the stock buyback. $500 million worth. $300 million earmarked for an “accelerated” plan. Meaning they’ll be buying back shares faster. It’s a way to prop up the stock price, a little trick of the market. Not a bad trick, mind you. Just… a trick.
I suspect that’s what really sent the stock up on Wednesday. Not the AI, not the revenue, but the promise of more money for shareholders. People like being told their money is safe. Even when it isn’t. So it goes.
Ramamurthy’s comments about AI are encouraging, I suppose. They’re at least trying to stay ahead of the curve. But in the grand scheme of things, it’s all just rearranging deck chairs on the Titanic. A beautifully coded, efficiently managed Titanic, perhaps. But a Titanic nonetheless.
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2026-02-26 00:42