IAA (NYSE:IAA)’s share price traded up 5.2% during mid-day trading on Friday . The stock traded as high as $49.82 and last traded at $49.71, 946,706 shares changed hands during mid-day trading. A decline of 25% from the average session volume of 1,269,189 shares. The stock had previously closed at $47.26.

Several equities research analysts have recently issued reports on the stock. CJS Securities upgraded shares of IAA to a “buy” rating and set a $51.00 target price for the company in a report on Wednesday, November 13th. Northcoast Research upgraded shares of IAA from a “neutral” rating to a “buy” rating in a report on Wednesday, December 4th. Stephens restated an “overweight” rating and issued a $51.00 target price (up previously from $47.00) on shares of IAA in a report on Wednesday, November 13th. Finally, Zacks Investment Research upgraded shares of IAA from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. IAA currently has a consensus rating of “Buy” and an average price target of $50.71.

The company’s fifty day moving average price is $46.58 and its 200-day moving average price is $43.99.

IAA (NYSE:IAA) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $357.30 million for the quarter, compared to the consensus estimate of $347.31 million. During the same quarter in the previous year, the business earned $0.33 EPS. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, equities analysts forecast that IAA will post 1.59 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D bought a new stake in IAA during the 3rd quarter valued at about $5,504,000. Penn Capital Management Co. Inc. bought a new stake in IAA during the 2nd quarter valued at about $2,203,000. Scopia Capital Management LP bought a new stake in IAA during the 2nd quarter valued at about $89,906,000. BlackRock Inc. bought a new stake in IAA during the 2nd quarter valued at about $398,867,000. Finally, Barclays PLC lifted its holdings in IAA by 444.9% during the 3rd quarter. Barclays PLC now owns 86,469 shares of the company’s stock valued at $3,608,000 after buying an additional 70,600 shares in the last quarter. Institutional investors own 97.46% of the company’s stock.

IAA Company Profile (NYSE:IAA)

IAA, Inc provides salvage vehicle auctions and related services. It offers salvage auction services, such as inbound transportation logistics, inspection, evaluation, salvage recovery, titling, and settlement administrative services. The company's salvage auctions facilitate the remarketing of damaged vehicles designated as total losses by insurance companies, charity donation vehicles, recovered stolen (or theft) vehicles, and low value used vehicles through live and online auctions.

Recommended Story: Limitations of the P/E Growth ratio

Receive News & Ratings for IAA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAA and related companies with MarketBeat.com's FREE daily email newsletter.