IAA Inc (IAA) Gets a Hold Rating from Barrington

By Carrie Williams

In a report released today, Gary Prestopino from Barrington maintained a Hold rating on IAA Inc (IAAResearch Report). The company’s shares closed last Monday at $45.30.

Prestopino commented:

“We believe that as an independent public company, IAA will have control over its own destiny with a goal of driving consistent growth in sales and adjusted EBITDA through market share gains and margin expansion with solid excess cash flow generation for the enhancement of long‐term shareholder value.”

According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -0.8% and a 47.5% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Liquidity Services.

IAA Inc has an analyst consensus of Moderate Buy, with a price target consensus of $49.20.

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The company has a one-year high of $49.96 and a one-year low of $36. Currently, IAA Inc has an average volume of 1.31M.

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IAA, Inc. engages in the provision of auction solutions for total loss, damaged and low-value vehicles. Its solutions focuses on a diverse set of global customers, provide buyers with rebuild requirements, replacement part inventory and scrap demand. The company was founded on June 19, 2018 and is headquartered in Westchester, IL.