Shares of IAA IAA rose 0.5% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share rose 56.76% over the past year to $0.58, which beat the estimate of $0.47.
Revenue of $423,500,000 higher by 15.52% year over year, which beat the estimate of $394,110,000.
Looking Ahead
IAA expects FY21 sales growth of 15%-20%.
Conference Call Details
Date: May 04, 2021
Time: 09:00 AM
Recent Stock Performance
52-week high: $66.85
Company's 52-week low was at $32.12
Price action over last quarter: Up 7.37%
Company Description
IAA Inc provides auction solutions for total loss, damaged and low-value vehicles. It facilitates the selling and purchasing of vehicles from a variety of resources, including insurance carriers, used-vehicle dealers, rental car and fleet lease companies, dealerships and more. The Company operates in two reportable segments: United States and International out of which the United States derives majority revenue.
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