Is CorVel (CRVL) Wiring Itself Into the Heart of Insurance Claims?
CorVel (CRVL) reported Q2 2026 revenue of $260M, up 11% YoY, with gross profit growing 19% to $67.8M. The company announced a new integration with Guidewire's ClaimCenter, allowing seamless access to its managed care services. CorVel has no long-term debt and $256M in cash, enabling share buybacks and new offerings. Short interest is high at 11.58% of the float, reflecting skepticism about gross margin sustainability and the impact of new integrations.
