IAA (NYSE:IAA) – Equities researchers at Jefferies Financial Group issued their Q2 2019 earnings per share (EPS) estimates for shares of IAA in a research report issued to clients and investors on Wednesday, July 31st. Jefferies Financial Group analyst B. Jordan forecasts that the company will post earnings per share of $0.38 for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $55.00 target price on the stock. Jefferies Financial Group also issued estimates for IAA’s Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.37 EPS, FY2019 earnings at $1.46 EPS, Q1 2020 earnings at $0.42 EPS, Q2 2020 earnings at $0.44 EPS, Q3 2020 earnings at $0.36 EPS, Q4 2020 earnings at $0.42 EPS, FY2020 earnings at $1.63 EPS and FY2021 earnings at $1.87 EPS.
A number of other equities research analysts also recently weighed in on the company. Stephens assumed coverage on IAA in a report on Monday, July 1st. They issued an “overweight” rating and a $45.00 target price on the stock. Wolfe Research assumed coverage on IAA in a report on Friday, July 12th. They issued an “outperform” rating on the stock. Guggenheim assumed coverage on IAA in a report on Tuesday, July 2nd. They issued a “buy” rating and a $48.00 target price on the stock. Northcoast Research reaffirmed a “neutral” rating on shares of IAA in a report on Monday, July 1st. Finally, Robert W. Baird assumed coverage on IAA in a report on Friday, June 28th. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. IAA currently has an average rating of “Buy” and an average target price of $47.60.
Institutional investors and hedge funds have recently made changes to their positions in the company. Cornerstone Advisors Inc. bought a new position in shares of IAA in the 2nd quarter valued at $35,000. NEXT Financial Group Inc bought a new position in shares of IAA in the 2nd quarter valued at $326,000. KAMES CAPITAL plc bought a new position in shares of IAA in the 2nd quarter valued at $23,638,000. Clear Street Markets LLC bought a new position in shares of IAA in the 2nd quarter valued at $2,118,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA bought a new position in IAA during the 2nd quarter worth $1,899,000.
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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