Spinoff spotlight: IAA Inc.

IAA INC. $40 is a hold. The company (New York symbol IAA; Manufacturing & Industry sector; Shares outstanding: 133.9 million; Market cap: $5.4 billion; No dividend paid; Takeover Target Rating: Highest; www.iaai.com) salvages damaged vehicles and sells them through online auctions.
In June 2019, KAR Auction Services Inc. (New York… Read More

Former spinoff attracts takeover offer

Canadian equipment auctioneering firm Ritchie Bros. recently agreed to acquire IAA Inc., a firm that Kar Auction Services spun off in June 2019. IAA salvages damaged vehicles and sells them through online auctions.
At the time of the split, we recommended IAA as a spinoff buy… Read More

Tap XPO’s plans for another spinoff

The COVID-19 pandemic continues to spur consumer online shopping. That, in turn, is forcing businesses to find new ways to efficiently deliver their products to customers, including the use of last-mile services that drop off goods to shoppers’ homes.
To better take advantage of this trend,… Read More