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IAA

IAA

$43.53

-1.475 (-3.28%)

06:53
08/13/19
08/13
06:53
08/13/19
06:53

IAA CEO sees FY19 results 'in line' with previous outlook

John Kett, CEO and President, stated, "This quarter marked a significant milestone in IAA's history as we successfully executed our spin-off from KAR Auction Services to become an independent public company. I want to thank the management teams and employees at both KAR and IAA for all of their hard work and dedication over the past number of months that enabled this outcome." Kett continued, "We generated strong top and bottom line results for the second quarter, which demonstrates the strength of our business model. We are making good progress in our transition to a stand-alone public company. As we look ahead to the remainder of this year and beyond, we are committed to executing the strategic growth initiatives we have laid out. We expect to deliver results for fiscal 2019 in line with the outlook we previously provided."

  • 13

    Aug

  • 05

    Sep

IAA IAA
$43.53

-1.475 (-3.28%)

07/02/19
GUGG
07/02/19
DOWNGRADE
Target $20
GUGG
Sell
KAR Auction downgraded to Sell after IAA spinoff at Guggenheim
As previously reported, Guggenheim analyst Ali Faghri downgraded KAR Auction (KAR) to Sell from Neutral following the company's completion of its spinoff of IAA (IAA), citing his view of the cyclical headwinds for industry wholecar volume growth, increasing online competition, slower AFC growth due to declining industry physical auction volumes and higher loan loss provisions and downside risk to guidance. He set a $20 price target on KAR shares. Separately, Faghri initiated coverage of IAA with a Buy rating and $48 price target this morning.
07/08/19
BRRR
07/08/19
INITIATION
Target $43
BRRR
Market Perform
IAA initiated with a Market Perform at Barrington
Barrington analyst Gary Prestopino started IAA (IAA) with a Market Perform rating and $43 price target. The analyst believes IAA is fairly valued at a current 20% discount to Copart (CPRT). However, as the company successfully executes on its growth and margin improvement initiatives, this discount can narrow over time to 10% or less, Prestopino tells investors in a research note.
07/31/19
JEFF
07/31/19
INITIATION
Target $55
JEFF
Buy
IAA initiated with a Buy at Jefferies
Jefferies analyst Bret Jordan started IAA with a Buy rating and $55 price target. The company should benefit from favorable secular growth trends, including elevated vehicle utilization and increased collision frequency, leading to sustained mid-to-high single digit organic revenue growth, Jordan tells investors in a research note. He also believes opportunities exist for IAA to expand its EBITDA margin over the medium to longer term.
07/31/19
07/31/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Verra Mobility (VRRM) initiated with a Neutral at Goldman Sachs. 2. Myomo (MYO) initiated with a Buy at Ascendiant. 3. Chiasma (CHMA) initiated with an Overweight at Piper Jaffray. 4. IAA (IAA) initiated with a Buy at Jefferies. 5. Veracyte (VCYT) initiated with a Buy at Lake Street. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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$0.00

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TSLA

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MYGN

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CSCO

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$46.96

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RDS.A

Royal Dutch Shell

$55.55

0.47 (0.85%)

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RDS.A

Royal Dutch Shell

$55.55

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Royal Dutch Shell

$55.56

0.46 (0.83%)

BP

BP

$36.27

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XOM

Exxon Mobil

$68.30

1.06 (1.58%)

CVX

Chevron

$115.79

0.08 (0.07%)

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TGT

Target

$84.20

1.67 (2.02%)

, WMT

Walmart

$112.99

0.32 (0.28%)

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TGT

Target

$84.20

1.67 (2.02%)

WMT

Walmart

$112.99

0.32 (0.28%)

GO

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$46.55

2.81 (6.42%)

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AEO

American Eagle

$15.40

0.63 (4.27%)

07:33
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  • 04

    Sep

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ANGI

Angi Homeservices

$8.18

-0.18 (-2.15%)

, MTCH

Match Group

$84.53

2.08 (2.52%)

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IAC (IAC) has rallied 34%…

ANGI

Angi Homeservices

$8.18

-0.18 (-2.15%)

MTCH

Match Group

$84.53

2.08 (2.52%)

IAC

IAC

$249.17

4.21 (1.72%)

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  • 05

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AAPL

Apple

$206.44

4.71 (2.33%)

, HAS

Hasbro

$114.29

1.13 (1.00%)

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AAPL

Apple

$206.44

4.71 (2.33%)

HAS

Hasbro

$114.29

1.13 (1.00%)

MAT

Mattel

$10.74

(0.00%)

AGR

Avangrid

$49.29

0.37 (0.76%)

JPM

JPMorgan

$107.73

2.52 (2.40%)

BAC

Bank of America

$27.04

0.79 (3.01%)

C

Citi

$63.46

2.13 (3.47%)

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NCLH

Norwegian Cruise Line

$50.48

1.38 (2.81%)

18:04
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Hot Stocks
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RM

Regional Management

$27.12

0.14 (0.52%)

18:01
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Regional Management CFO buys 5K shares of common stock »

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  • 13

    Nov

RTN

Raytheon

$178.10

-0.42 (-0.24%)

17:59
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Raytheon awarded $199.59M Navy contract for MK 15 CIWS »

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