IAA, Inc.

NYSE:IAA Stock Report

Market Cap: US$5.3b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

IAA Management

Management criteria checks 4/4

Key information

John Kett

Chief executive officer

US$5.3m

Total compensation

CEO salary percentage13.98%
CEO tenure11.8yrs
CEO ownership0.1%
Management average tenure3.5yrs
Board average tenure3.8yrs

Recent management updates

Recent updates

Seeking Alpha • Jan 18

Ritchie Bros. holder Luxor Capital files preliminary proxy opposing IAA deal

Ritchie Bros. (NYSE:RBA) holder Luxor Capital formally filed a preliminary proxy in opposition to the company's planned acquisition of auto salvage company IAA Inc. (NYSE:IAA). Luxor intends to vote against the proposal to approve the issuance of RBA (RBA) common shares in connection with the transaction and against the proposal to adjourn the special meeting, according to a statement. The proxy filing comes after Luxor, which has a ~3.6% stake in Ritchie Bros. (RBA), said it plans to vote against the purchase of IAA Inc. (IAA) as a deal would "severely erode RBA’s business quality and lacks compelling industrial logic." The Luxor opposition comes as Ritchie Bros. (RBA) shares plunged 18% on the day the $7.3 billion IAA deal was announced in November with some analysts questioning the transaction. Last month IAA holder Ancora Holdings said it planned to vote against the auto salvage company's sale to to Ritchie Bros. Last month Ritchie Bros (RBA) and IAA announced the companies had receive all necessary regulatory clearance for proposed merger.
Seeking Alpha • Nov 07

IAA Non-GAAP EPS of $0.45 misses by $0.05, revenue of $497.5M beats by $20.89M, to be acquired by Ritchie Bros. in stock and cash deal of $7.3B

IAA press release (NYSE:IAA): Q3 Non-GAAP EPS of $0.45 misses by $0.05. Revenue of $497.5M (+18.3% Y/Y) beats by $20.89M. In light of the transaction with Ritchie Bros. Auctioneers Incorporated announced separately today, IAA will not hold its third quarter 2022 financial results conference call, which was originally scheduled for November 10, 2022. In addition, IAA will no longer be providing financial outlook for fiscal 2022.
Seeking Alpha • Sep 07

IAA expands IAA Transport's service footprint to Mexico, Nigeria

IAA (NYSE:IAA) said Wednesday it expanded IAA Transport's service footprint to include Mexico and Nigeria. Buyers in these countries can now generate real-time quotes on any vehicle for sale or any vehicle purchased by the buyer, both pre-payment and post-payment.
Seeking Alpha • Aug 08

IAA Q2 2022 Earnings Preview

IAA (NYSE:IAA) is scheduled to announce Q2 earnings results on Tuesday, August 9th, before market open. The consensus EPS Estimate is $0.57 (-17.4% Y/Y) and the consensus Revenue Estimate is $529.48M (+19.0% Y/Y). Over the last 2 years, IAA has beaten EPS estimates 75% of the time and has beaten revenue estimates 100% of the time. Over the last 3 months, EPS estimates have seen 1 upward revision and 6 downward. Revenue estimates have seen 2 upward revisions and 5 downward.
Seeking Alpha • Mar 24

IAA, Inc.: Possible Change On The Horizon

Shares of salvage auctioneer IAA, Inc. are down some 20% after the company announced its FY22 forecast that included little organic revenue growth and none at its Adj. EBITDA line. A shift in business away from its traditional consignment model, inflationary pressures in towing, and the loss of business from a large customer are all to blame. With its forward price-to-sales and P/E ratios down by almost half since November 2021, the insider buying after the disappointing forecast merited a deeper dive. An activist shareholder has recently called for sale of the company or management changes. A full investment analysis follows in the paragraphs below.
Seeking Alpha • Feb 21

Insider Weekends: Peter Kamin Purchases Shares Of IAA

Peter Kamin's purchase of IAA shares last week was the first insider purchase at IAA, since the company was spun off from KAR Auction Services in June 2019. IAA sports gross margin approaching 40%, EBITDA margin of 30%, and net income margin of 16%. Multiple insiders of IAA have exercised shares recently without selling them, which we view as a positive sign.

CEO Compensation Analysis

How has John Kett's remuneration changed compared to IAA's earnings?
DateTotal CompensationSalaryCompany Earnings
Jan 01 2023US$5mUS$735k

US$292m

Oct 02 2022n/an/a

US$288m

Jul 03 2022n/an/a

US$303m

Apr 03 2022n/an/a

US$303m

Jan 02 2022US$5mUS$735k

US$294m

Sep 26 2021n/an/a

US$285m

Jun 27 2021n/an/a

US$272m

Mar 28 2021n/an/a

US$223m

Dec 27 2020n/an/a

US$195m

Sep 27 2020n/an/a

US$176m

Jun 28 2020n/an/a

US$165m

Mar 29 2020n/an/a

US$183m

Dec 29 2019US$3mUS$613k

US$193m

Sep 29 2019n/an/a

US$194m

Jun 30 2019n/an/a

US$191m

Mar 31 2019n/an/a

US$190m

Compensation vs Market: John's total compensation ($USD5.26M) is below average for companies of similar size in the US market ($USD8.58M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John Kett (58 yo)

11.8yrs
Tenure
US$5,255,921
Compensation

Mr. John W. Kett has been President at IAA, Inc. since June 02, 2011 and serves as its Chief Executive Officer since May 2014. Mr. Kett serves as Chief Financial Officer, Principal Accounting Officer and S...

Leadership Team

NamePositionTenureCompensationOwnership
John Kett
CEO, President & Director11.8yrsUS$5.26m0.11%
$ 5.9m
Susan Healy
Executive VP & CFO1.5yrsUS$1.67m0.00035%
$ 18.7k
Maju Abraham
Chief Information Officer & Senior VP3.8yrsUS$1.04m0.0077%
$ 411.7k
Sidney Peryar
Chief Legal Officer21.9yrsUS$1.35m0.015%
$ 792.9k
Timothy O'Day
President of U.S. Operations3.8yrsUS$1.98m0.020%
$ 1.1m
Christopher Carlson
VP, Corporate Controller & Principal Accounting Officer3.5yrsno data0.0017%
$ 92.9k
Jeanene O'Brien
Senior Vice President of Global Marketing & Communications6.1yrsno datano data
Steve Muscarello
Senior VP of Sales & Chief Commercial Officer - U.S.2.2yrsno datano data
Terry Daniels
Senior Vice President of International Operations2.2yrsno datano data
Steve Hankins
Managing Director of IAA UKno datano datano data
Andrew Albrecht
VP & Chief Information Security Officer2.6yrsno datano data
Justin Mahlik
Senior VP & Chief Transformation Officer2.2yrsno datano data
3.5yrs
Average Tenure
51.5yo
Average Age

Experienced Management: IAA's management team is considered experienced (3.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
John Kett
CEO, President & Director3.8yrsUS$5.26m0.11%
$ 5.9m
Sue Gove
Independent Director3.8yrsUS$239.99k0.0089%
$ 475.2k
Peter Kamin
Independent Director24.2yrsUS$232.49k0.27%
$ 14.4m
John Larson
Independent Chairman3.8yrsUS$324.99k0.0079%
$ 421.3k
Lynn Jolliffe
Independent Director3.8yrsUS$242.49k0.013%
$ 671.7k
Olaf Kastner
Independent Director3.8yrsUS$214.99k0.0072%
$ 385.5k
Brian Bales
Independent Director3.8yrsUS$232.49k0.0089%
$ 475.2k
Michael Sieger
Independent Directorless than a yearUS$175.76k0.0028%
$ 147.9k
William Breslin
Independent Director3.8yrsUS$214.99k0.0097%
$ 516.3k
3.8yrs
Average Tenure
61yo
Average Age

Experienced Board: IAA's board of directors are considered experienced (3.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/03/20 14:31
End of Day Share Price 2023/03/20 00:00
Earnings2023/01/01
Annual Earnings2023/01/01

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

IAA, Inc. is covered by 10 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Craig KennisonBaird
Gary PrestopinoBarrington Research Associates, Inc.
Christopher BottiglieriBNP Paribas