IAA Inc

IAA, Inc. engages in the provision of auction solutions for total loss, damaged and low-value vehicles. Its solutions focus on a diverse set of global customers, providing buyers with rebuild requirements, replacement part inventory and scrap demand. It operates through the following segments: United States and International. The company was founded in 1982 and is headquartered in Westchester, IL.

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WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the expansions of the Crowley and Scott CAT yards near Lafayette (LA). These full-term conversions of CAT yards into permanent facilities support IAA's long-term capacity strategy in this hurricane-prone region. “IAA's continued investment in hurricane-prone areas, like southern Louisiana, helps to provide the capacity and resources to react quickly to

IAA Expands and Invests in Louisiana CAT Preparedness

ESSEX, England--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, today announced that its UK-based business unit is relocating and expanding its southern UK head office in order to meet the demands of both current and new customers. The current office, IAA House, will be retained as an expanded Customer Service centre. “The expansion and relocation of our southern UK head office demonstrates IAA's continued commitment and invest

IAA Expands and Relocates Its UK Head Office South

DONCASTER, England--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, today announced that its UK-based business unit, SYNETIQ Ltd., has appointed its first Sustainability Manager, Elisa Caton, as it aims to ensure environmental awareness is embedded across all its operations. SYNETIQ has also now achieved ISO 50001 – the energy management accreditation which requires an ongoing, sustained improvement in energy efficiency and red

SYNETIQ Appoints First Sustainability Manager and Celebrates New ISO Accreditation

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the launch of IAA Transport on its mobile application. IAA Transport's desktop solution was introduced on IAAI.com in September 2021 and fully streamlining the vehicle transport process with a global branch-to-doorstep delivery solution. IAA Transport includes several key highlights for buyers that are now available on the IAA Buyer App in addition to

IAA Announces Mobile App Launch of IAA Transport™

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that it has been certified by Great Place to Work® for the fourth consecutive year. The prestigious award is based entirely on what current employees say about their experience working at IAA. This year, 77% of employees said IAA is a great place to work – 20% higher than the average U.S. company. Great Place to Work is the global authority on workplac

IAA Earns 2022 Great Place to Work Certification™

IAA, Inc. (NYSE:IAA ) Q1 2022 Earnings Conference Call May 10, 2022 9:00 AM ET Company Participants John Kett - CEO, President & Director Susan Healy - EVP & CFO Arif Ahmed - VP, Treasury Conference Call Participants Daniel Imbro - Stephens Inc. Robert Labick - CJS Securities Ali Faghri - Guggenheim Securities Christopher Bottiglieri - BNP Paribas Exane Bret Jordan - Jefferies Gary Prestopino - Barrington Research Associates Operator Good morning, and thank you all for attending the IAA, Inc. Q1 2022 Earnings Call. My name is Sam, and I will be your moderator for today's call.

IAA, Inc. (IAA) CEO John Kett on Q1 2022 Results - Earnings Call Transcript

IAA (IAA) delivered earnings and revenue surprises of 24.53% and 4.10%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

IAA (IAA) Surpasses Q1 Earnings and Revenue Estimates

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA) today announced its financial results for the first quarter fiscal 2022, which ended April 3, 2022. John Kett, Chief Executive Officer and President, stated, “I'm very pleased with our strong first quarter results. We experienced another quarter of record proceeds and revenue per unit driven by the benefits from our unique products, services and growing global buyer base, which helped to offset higher costs we are seeing in the current i

IAA, Inc. Announces First Quarter 2022 Financial Results

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it has appointed Michael Sieger to its Board of Directors, effective immediately as of the conclusion of the Company's 2022 annual meeting of stockholders. As a result of the appointment, IAA's Board will expand to 10 directors, 9 of whom are independent. In addition, the IAA Board has formed an Operations Committee focused on driving operational pe

IAA Appoints Michael Sieger to Board of Directors

IAA (IAA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate IAA (IAA) to Report a Decline in Earnings: What to Look Out for

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA), a leading global marketplace connecting vehicle buyers and sellers, today announced that it intends to release its financial results for the first quarter of fiscal 2022 before market open and host a conference call at 9:00 a.m. Eastern Time on Tuesday, May 10, 2022. A live audio webcast of the conference call will be available online at https://investors.iaai.com/. A recorded replay will be available within two hours of the conclusion

IAA, Inc. Announces First Quarter Fiscal 2022 Earnings Conference Call

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the expansion of the IAA Fresno (CA) branch. This investment increases the branch's capacity by over 50% to support additional client needs in the area. The San Joaquin Valley is a key market, and this expansion further solidifies IAA's commitment to its buyer and seller clients. “Expanding the IAA Fresno branch in the ever-growing Central California r

IAA Expands Branch in Central California

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces the expansion of branches in Iowa and Illinois. Capacity has doubled at the IAA Des Moines (IA) branch and IAA St. Louis (IL) has increased capacity by approximately 30%. The expansions will help to meet increased demand in the growing Midwestern market. “The branch expansions in Illinois and Iowa will help to meet growing demand from buyers and seller

IAA Announces Expansion of Illinois and Iowa Branches

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces a new market alliance agreement with Boacon Autos in the country of Ghana. A new IAA Auction Center there will complement the existing location in Lagos, Nigeria. Staff at these physical centers will help buyers learn about IAA and submit bids, as well as receive assistance with transportation, shipping, custom clearing services and more. “Our new mark

IAA Announces a New Auction Center in Ghana

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, today issued the following statement regarding the letter it received from Ancora Advisors (“Ancora”): “The IAA Board of Directors and management team are committed to enhancing value for our shareholders. IAA has built a differentiated platform with digital capabilities and strong customer relationships, and we are focused on driving growth and expanding our lo

IAA Responds to Ancora

Shares of IAA Inc. IAA, +5.01% surged 5.3% toward a fifth-straight gain in morning trading Tuesday, after activist investor Ancora Holdings Group LLC urged fthe vehicle auctions company to change its leadership or seek a sale. In a letter to IAA's board, Ancora said given IAA's underperformance versus its peers and the broader market, "the status quo cannot persist," and believed the board should replace Chief Executive John Kett with someone "more dynamic and equipped to reinvigorate the organization.

IAA stock extends bounce after activist investor sees sale of company as best path forward

CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC today released the below letter that has been sent to IAA Inc.'s Board of Directors. *** March 15, 2022 Members of the Board of Directors, Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”) is a meaningful stockholder of IAA, Inc. (NYSE: IAA) (“IAA” or the “Company”), beneficially owning approximately 2% of the Company's outstanding common stock. We invested in IAA because it is appears to be a fundamentally sound b

Ancora Issues Letter to IAA's Board of Directors Regarding the Need for a Leadership Change or Sale Process

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that it has expanded its market alliance network in El Salvador with Trans-Auto S.A. de C.V. This business will operate an IAA Auction Center in the center of the capital city, San Salvador. They will help buyers in the area register with IAA, bid on and pay for vehicles, transport, ship and clear vehicles into the country. The IAA Auction Center is lo

IAA Expands Market Alliance Network in El Salvador

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, today announced that the UK's Competition and Markets Authority (“CMA”) has cleared IAA's acquisition of SYNETIQ Ltd. (“SYNETIQ”), a leading integrated salvage and vehicle dismantling company in the United Kingdom, for £225 million. The businesses were previously required to be held separate under an initial enforcement order (IEO) issued by the CMA on November

IAA, Inc. Announces Final UK Regulatory Approval of SYNETIQ Acquisition

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, announces that it has completed a branch expansion at IAA Fontana (CA) and has broken ground on a new branch to meet growing demand in Southern California. The new IAA Los Angeles North (CA) branch will offer state-of-the-art facilities to support increased customer capacity needs. “This expansion and new branch will bring needed capacity to support growing dema

IAA, Inc. Expands and Breaks Ground on New Branch in California

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA), a leading global marketplace connecting vehicle buyers and sellers, today announced its Canadian business unit, Impact Auto Auctions, has rebranded to the IAA global brand. The rebrand underscores IAA's commitment to investment, innovation and customer excellence in the Canadian market. It also highlights the recent series of technology launches in the Canadian market, including the IAA Interact™ merchandising platform. Impact became pa

IAA Inc. Announces the Rebrand of Impact Auto Auctions to IAA

Incyte

Insight Enterprises

Although U.S. stock futures traded higher this morning after recording losses on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain.

Insiders Buying Incyte And 2 More Stocks

Truist analyst Stephanie Moore lowered the price target on IAA Inc (NYSE: IAA) to $50 (an upside of 40.5%) from $75 and maintained a Buy rating on the shares. The analyst mentioned the company reported a Q4 EBITDA miss and offered "mixed" FY22 guidance on EBITDA margin, but the subsequent 22% stock price decline is "overdone.

Read How Analysts Reacted To IAA's Q4 Results

IAA, Inc. (IAA) CEO John Kett on Q4 2021 Results - Earnings Call Transcript

IAA (IAA) delivered earnings and revenue surprises of 0% and 10.12%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

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