IAA (NYSE:IAA) traded down 1% on Monday . The company traded as low as $36.19 and last traded at $36.03, 1,618,334 shares changed hands during mid-day trading. An increase of 55% from the average session volume of 1,046,202 shares. The stock had previously closed at $36.40.

A number of equities analysts have recently weighed in on the company. Northcoast Research reaffirmed a “neutral” rating on shares of IAA in a research note on Monday, July 1st. SunTrust Banks reiterated a “buy” rating and issued a $53.00 target price on shares of IAA in a research report on Wednesday, August 14th. Zacks Investment Research downgraded IAA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group began coverage on IAA in a research report on Wednesday, July 31st. They issued a “buy” rating and a $55.00 target price on the stock. Finally, Wolfe Research began coverage on IAA in a research report on Friday, July 12th. They issued an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $49.67.

The company has a 50-day moving average price of $43.65.

IAA (NYSE:IAA) last posted its earnings results on Tuesday, August 13th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. The firm had revenue of $366.40 million during the quarter, compared to analysts’ expectations of $357.90 million. IAA’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. As a group, research analysts expect that IAA will post 1.59 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Security National Bank raised its position in IAA by 54.2% during the third quarter. Security National Bank now owns 30,462 shares of the company’s stock valued at $1,271,000 after purchasing an additional 10,707 shares during the period. Tributary Capital Management LLC purchased a new stake in IAA during the third quarter valued at approximately $1,736,000. Kirr Marbach & Co. LLC IN raised its position in IAA by 1.1% during the third quarter. Kirr Marbach & Co. LLC IN now owns 158,525 shares of the company’s stock valued at $6,615,000 after purchasing an additional 1,681 shares during the period. Valeo Financial Advisors LLC purchased a new stake in IAA during the third quarter valued at approximately $302,000. Finally, Arden Trust Co purchased a new stake in IAA during the third quarter valued at approximately $291,000. Institutional investors own 94.14% of the company’s stock.

IAA Company Profile (NYSE:IAA)

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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