IAA (NYSE:IAA) – Barrington Research upped their FY2020 earnings estimates for IAA in a note issued to investors on Monday, August 10th. Barrington Research analyst G. Prestopino now anticipates that the company will post earnings of $1.25 per share for the year, up from their prior forecast of $1.02. Barrington Research has a “Buy” rating and a $47.50 price target on the stock. Barrington Research also issued estimates for IAA’s Q4 2020 earnings at $0.33 EPS.
IAA (NYSE:IAA) last released its earnings results on Tuesday, August 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.12. IAA had a negative return on equity of 148.99% and a net margin of 12.01%. The business had revenue of $296.80 million during the quarter, compared to the consensus estimate of $256.52 million. During the same period last year, the company earned $0.44 earnings per share. The business’s revenue for the quarter was down 19.0% compared to the same quarter last year.
IAA has been the subject of several other reports. Robert W. Baird lifted their target price on IAA from $40.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Zacks Investment Research lowered IAA from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Jefferies Financial Group restated a “buy” rating and set a $54.00 price target on shares of IAA in a research note on Sunday, August 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $48.58.
NYSE:IAA opened at $47.47 on Thursday. IAA has a twelve month low of $21.79 and a twelve month high of $51.74. The company has a market cap of $6.36 billion and a price-to-earnings ratio of 38.59. The stock has a fifty day simple moving average of $41.16 and a 200-day simple moving average of $39.88.
A number of institutional investors and hedge funds have recently bought and sold shares of IAA. Archer Investment Corp grew its stake in IAA by 57.1% in the first quarter. Archer Investment Corp now owns 1,100 shares of the company’s stock valued at $33,000 after purchasing an additional 400 shares during the last quarter. Ropes Wealth Advisors LLC grew its stake in IAA by 433.3% in the second quarter. Ropes Wealth Advisors LLC now owns 1,600 shares of the company’s stock valued at $62,000 after purchasing an additional 1,300 shares during the last quarter. State of Tennessee Treasury Department purchased a new position in IAA in the second quarter valued at about $123,000. Permanens Capital L.P. grew its stake in IAA by 22.7% in the first quarter. Permanens Capital L.P. now owns 4,459 shares of the company’s stock valued at $134,000 after purchasing an additional 825 shares during the last quarter. Finally, Federated Hermes Inc. purchased a new position in IAA in the first quarter valued at about $150,000.
IAA Company Profile
IAA, Inc, together with its subsidiaries, provides auction solutions for total loss, damaged, and low-value vehicles in North America. It also provides auction services in the United Kingdom. The company, through its marketplaces, associate with insurance total loss vehicles, including vehicles from catastrophic events, as well as with noninsurance customers, such as dealerships, rental car companies, fleet lease companies, charitable organizations, and general public.
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