IAA (NYSE:IAA) released its quarterly earnings data on Tuesday. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02, Briefing.com reports. The firm had revenue of $357.30 million during the quarter, compared to the consensus estimate of $347.31 million. The business’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share.
Shares of IAA stock traded down $0.11 during trading hours on Friday, reaching $42.34. 21,904 shares of the company’s stock were exchanged, compared to its average volume of 1,306,935. IAA has a 1 year low of $34.96 and a 1 year high of $49.96. The firm has a fifty day moving average price of $39.31.
IAA has been the subject of several recent research reports. CJS Securities upgraded IAA to a “buy” rating and set a $51.00 price objective for the company in a report on Wednesday. Barrington Research reiterated a “hold” rating on shares of IAA in a report on Thursday, September 12th. Jefferies Financial Group began coverage on shares of IAA in a report on Wednesday, July 31st. They issued a “buy” rating and a $55.00 target price for the company. Stephens reiterated an “overweight” rating and issued a $51.00 target price (up from $47.00) on shares of IAA in a report on Wednesday. Finally, Zacks Investment Research upgraded shares of IAA from a “sell” rating to a “hold” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.71.
IAA, Inc provides salvage vehicle auctions and related services. It offers salvage auction services, such as inbound transportation logistics, inspection, evaluation, salvage recovery, titling, and settlement administrative services. The company's salvage auctions facilitate the remarketing of damaged vehicles designated as total losses by insurance companies, charity donation vehicles, recovered stolen (or theft) vehicles, and low value used vehicles through live and online auctions.
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