IAA (NYSE:IAA) released its quarterly earnings data on Tuesday. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.46 by $0.12, MarketWatch Earnings reports. The company had revenue of $423.50 million during the quarter, compared to the consensus estimate of $391.61 million. IAA had a negative return on equity of 246.98% and a net margin of 12.99%. IAA’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period last year, the company earned $0.37 EPS.
Shares of NYSE:IAA traded down $3.27 during trading on Tuesday, hitting $60.07. The company’s stock had a trading volume of 38,848 shares, compared to its average volume of 909,469. The company has a 50-day moving average of $58.22 and a 200-day moving average of $60.03. IAA has a 12 month low of $32.13 and a 12 month high of $66.85. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 48.35, a P/E/G ratio of 4.90 and a beta of 1.69.
A number of brokerages have recently commented on IAA. Northcoast Research upgraded shares of IAA from a “neutral” rating to a “buy” rating in a research note on Friday, February 5th. Zacks Investment Research downgraded shares of IAA from a “buy” rating to a “hold” rating in a research report on Tuesday, April 27th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $59.50.
IAA, Inc provides auction solutions for total loss, damaged, and low-value vehicles. The company's platform facilitates the marketing and sale of total loss, damaged, and low-value vehicles for a spectrum of sellers. Its solutions provide buyers with the vehicles need to, among other things, fulfill vehicle rebuild requirements, replacement part inventory, or scrap demand.
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