** Shares of insurance customer acquisition platform MediaAlpha MAX.N plunge as much as 23.9%; last down 20.4% at $9.08
** MAX late Monday forecast Q1 transaction value to be between $415 million and $440 million
** Brokerage J.P.Morgan says MAX's forecast was below the Street consensus of $495 million, a first since the auto insurance recovery began
** The ongoing U.S. Federal Trade Commission investigation remains a headwind and expects MAX shares to trade at a discount until the overhang is resolved - brokerage
** MAX management told analysts that auto carriers started 2025 on a more conservative note, as they don't know what lies in the year ahead
** Still, MAX remains bullish on the auto insurance recovery and expects momentum to continue to build, as the year progresses
** As of last close, MAX stock up 1.1% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.