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Wednesday, February 1, 2023

Is IAA Inc. (NYSE: IAA) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for IAA Inc. (IAA) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $39.83. The IAA Inc. has recorded 8,641 volume in the after hours trading session.

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Stocks Info

IAA belongs to the Industrials sector of the NYSE while operating in the Specialty Business Services industry. The current market capitalization of IAA Inc. is $5.28B. A total of 1.92 million shares were traded on the day, compared to an average of 1.63M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, IAA has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 268 shares. Over the last 12 months, there were 64 BUYs and 22 SELLs from insiders. Insiders purchased 471,530 shares during that period but sold 9,658.

In the most recent transaction, Kamin Peter bought 3,000 shares of IAA for 31.93 per share on Mar 08. After the transaction, the Director now owns 115,096 company shares. In a previous transaction on Mar 07, Kamin Peter bought 28,000 shares at 33.41 per share. IAA shares that Director owns now total 113,878.

Among the insiders who bought shares, Kett John W acquired of 5,000 shares on Mar 07 at a per-share price of $32.28. This resulted in the Chief Executive Officer holding 139,258 shares of IAA after the transaction. In another insider transaction, Kamin Peter bought 16,000 shares at $35.27 per share on Mar 04. Company shares held by the Director now total 104,291.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for IAA in the last 3 months, the mean price target is $42.75 with high estimates of $46.00 and low estimates of $40.00. In terms of 52-week highs and lows, IAA has a high of $49.28 and a low of $31.32.

As of this writing, IAA has an earnings estimate of $0.5 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.53 per share and a lower estimate of $0.49. The company reported an EPS of $0.66 in the last quarter, which was 13.80% higher than expectations of $0.58.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IAA is Overweight with a score of 3.29. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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