An IAA Inc. (IAA) VP and Corporate Controller Sells 350.0 Shares

IAA Inc. (NYSE:IAA) finished Friday with an addition of $0.82 to close at $59.44, an upside of 1.40 percent. An average of 564,640 shares of common stock have been traded in the last five days. There was a gain of $1.82 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 554,805 shares traded, while the 50-day average volume stands at 641,430.

IAA stock has increased by 4.54% in the last month. The company shares reached their 1-month lowest point of $54.02 on 10/01/21. With the stock rallying to its 52-week high on 01/08/21, shares of the company touched a low of $50.16 and a high of $66.85 in 52 weeks. It has reached a new high 3 times so far this year and lost -8.53% or -$5.54 in price. In spite of this, the price is down -11.08% from the 52-week high.

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Insider Transactions

81 days have passed since IAA Inc. (IAA) last reported insider trading activity. Carlson Christopher, who is VP and Corporate Controller, most recently acquired $350 shares at $63.00 per share on Aug 03.

Valuation Metrics

IAA Inc. (IAA) has a trailing price-to-earnings (P/E) ratio of 29.51, which compares with the 22.10 for the broader industry and 29.83 for the sector. In the last five years, IAA Inc.’s PE ratio has ranged between 49.77 and 17.59. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.12, the price-to-book (PB) ratio at 34.76, and the price-to-cash flow ratio at 34.25.

The quick ratio of IAA Inc. for the three months ended June 29 was 2.50, and the current ratio was 2.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 4.93 and a total debt to equity ratio of 4.93 for the quarter ending June 29. IAA Inc.’s EBITDA margin for the year ending June 29 is 28.38%, while its operating margin for the same period stands at 25.80%. Its gross profit as reported stood at $538.0 million compared to revenue of $1.38 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, IAA Inc.’s return on assets was 10.70%. For the broader industry, ROE averaged 3.67 over the past year.

Earnings Surprise

For the three-month period that ended June 29, IAA Inc. had $1.14 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $82.9 million in the quarter, while revenues of $72.5 million were grew 59.95%. The analyst consensus anticipated IAA Inc.’s latest quarter earnings to come in at $0.55 per share, but it turned out to be $0.69, a 25.50% surprise. For the quarter, EBITDA amounted to $153.0 million. Shareholders own equity worth $134.8 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at IAA Inc. (IAA) price momentum. RSI 9-day as of the close on 22 October was 66.86%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.46%.

As of today, IAA’s price is $58.82 +3.16% or $1.82 from its 5-day moving average. IAA is currently trading +3.95% higher than its 20-day SMA and +6.09% higher than its 100-day SMA. However, the stock’s current price level is +11.58% above the SMA50 and -8.95% below the SMA200.

The stochastic %K and %D were 80.86% and 82.15%, respectively, and the average true range (ATR) was 1.53. With the 14-day stochastic at 85.24% and the average true range at 1.51, the RSI (14) stands at 63.69%. The stock has reached 0.68 on the 9-day MACD Oscillator while the 14-day reading was at 1.27.

Analyst Ratings

Northcoast upgraded IAA Inc. (NYSE: IAA) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for IAA Inc. (IAA) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell IAA, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.

What is IAA’s price target for the next 12 months?

Analysts predict a range of price targets between $70.00 and $76.00, with a median target of $73.00. Taking a look at these predictions, the average price target given by analysts for IAA Inc. (IAA) stock is $73.25.


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