IAA

IAA Inc

Industrial/Transportation


Presented:07/25/2022
Price:$36.11
Cap:$4.84B
Current Price:$39.89
Cap:$5.32B

Presented

Date07/25/2022
Price$36.11
Market Cap$4.84B
Ent Value$7.46B
P/E Ratio16.07x
Book Value$2.95
Div Yield0%
Shares O/S134.01M
Ave Daily Vol1,161,712
Short Int2.19%

Current

Price$39.89
Market Cap$5.32B
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.

Publicly traded companies mentioned herein: Berkshire Hathaway Inc (BRK/B), Copart Inc (CPRT), IAA Inc (IAA), Progressive Corp/The (PGR)

Highlights

The presenter is long shares of IAA Inc (IAA), which operates a marketplace that connects damaged vehicle buyers and sellers. IAA’s multiple has been cut in half, now trading at 10x EBITDA and 15x earnings on 2023 consensus numbers. However, he views this as an attractive industry and sees 50% upside to the current $35 share price based on volume recovery and competitive headwinds falling off. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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