Barrington analyst Gary Prestopino maintained a Buy rating on IAA (NYSE:IAA) Inc on Wednesday, setting a price target of $57.5, which is approximately 11.52% above the present share price of $51.56.
Prestopino expects IAA Inc to post earnings per share (EPS) of $0.25 for the third quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in IAA, with an average price target of $56.17.
The analysts price targets range from a high of $57.5 to a low of $54.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $296.8 million and a net profit of $57.8 million. The company's market cap is $6.84 billion.
According to TipRanks.com, Barrington analyst Gary Prestopino is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 8.3% and a 46.44% success rate.
IAA, Inc. engages in the provision of auction solutions for total loss, damaged and low-value vehicles. Its solutions focuses on a diverse set of global customers, provide buyers with rebuild requirements, replacement part inventory and scrap demand. The company was founded on June 19, 2018 and is headquartered in Westchester, IL.