Intrepid Capital Management Inc. Takes $3.76 Million Position in IAA (NYSE:IAA)

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Intrepid Capital Management Inc. acquired a new stake in shares of IAA (NYSE:IAA) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 97,055 shares of the company’s stock, valued at approximately $3,764,000. IAA accounts for about 1.7% of Intrepid Capital Management Inc.’s portfolio, making the stock its 26th largest holding.

Several other hedge funds have also modified their holdings of the company. Advisor Group Inc. bought a new stake in shares of IAA during the 2nd quarter valued at $28,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of IAA during the 2nd quarter valued at $33,000. Crewe Advisors LLC bought a new stake in shares of IAA during the 2nd quarter valued at $34,000. Cornerstone Advisors Inc. bought a new stake in shares of IAA during the 2nd quarter valued at $35,000. Finally, FTB Advisors Inc. bought a new stake in shares of IAA during the 2nd quarter valued at $34,000. 93.82% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of IAA in a report on Friday, July 12th. They issued an “outperform” rating for the company. Northcoast Research reaffirmed a “neutral” rating on shares of IAA in a report on Monday, July 1st. Barrington Research reaffirmed a “hold” rating on shares of IAA in a report on Thursday. Guggenheim assumed coverage on shares of IAA in a report on Tuesday, July 2nd. They issued a “buy” rating and a $48.00 target price for the company. Finally, CJS Securities downgraded shares of IAA from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 14th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. IAA has an average rating of “Buy” and a consensus target price of $49.67.

IAA opened at $45.56 on Friday. The firm’s 50-day moving average is $46.81. IAA has a 52 week low of $38.08 and a 52 week high of $49.96.

IAA (NYSE:IAA) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.36 by $0.08. The company had revenue of $366.40 million for the quarter, compared to the consensus estimate of $357.90 million. During the same period last year, the company earned $0.41 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities research analysts forecast that IAA will post 1.6 earnings per share for the current fiscal year.

IAA Company Profile

IAA, Inc provides salvage vehicle auctions and related services. It offers salvage auction services, such as inbound transportation logistics, inspection, evaluation, salvage recovery, titling, and settlement administrative services. The company's salvage auctions facilitate the remarketing of damaged vehicles designated as total losses by insurance companies, charity donation vehicles, recovered stolen (or theft) vehicles, and low value used vehicles through live and online auctions.

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Institutional Ownership by Quarter for IAA (NYSE:IAA)

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