IAA (NYSE:IAA) – Investment analysts at Barrington Research issued their Q2 2019 earnings per share estimates for shares of IAA in a note issued to investors on Monday, July 8th. Barrington Research analyst G. Prestopino anticipates that the company will post earnings of $0.35 per share for the quarter. Barrington Research has a “Market Perform” rating and a $43.00 price objective on the stock. Barrington Research also issued estimates for IAA’s Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.31 EPS, FY2019 earnings at $1.32 EPS, Q1 2020 earnings at $0.42 EPS, Q2 2020 earnings at $0.39 EPS, Q3 2020 earnings at $0.28 EPS, Q4 2020 earnings at $0.35 EPS and FY2020 earnings at $1.45 EPS.
IAA has been the subject of several other research reports. Guggenheim increased their target price on shares of Equinix from $505.00 to $540.00 and gave the stock a “sell” rating in a research note on Tuesday, July 2nd. SunTrust Banks raised their price objective on shares of Constellation Brands from $180.00 to $190.00 and gave the company a “hold” rating in a research report on Monday, July 1st. Northcoast Research restated a “neutral” rating on shares of IAA in a research report on Monday, July 1st. Robert W. Baird began coverage on shares of IAA in a research report on Friday, June 28th. They issued an “outperform” rating for the company. Finally, Wolfe Research began coverage on shares of IAA in a research report on Friday. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $45.75.
A number of large investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC acquired a new stake in IAA in the second quarter valued at about $289,000. NN Investment Partners Holdings N.V. acquired a new stake in IAA in the second quarter valued at about $506,000. Retirement Systems of Alabama acquired a new stake in IAA in the second quarter valued at about $1,991,000. First National Bank of Omaha acquired a new stake in IAA in the second quarter valued at about $3,812,000. Finally, KAMES CAPITAL plc acquired a new stake in IAA in the second quarter valued at about $23,638,000.
IAA Company Profile
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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