IAA Inc (IAA), a subsidiary of Ritchie Bros Auctioneers Inc, is a live and live-online salvage vehicle auction company. It auctions damaged and repairable vehicles, theft-recovered vehicles, vehicle parts and donation vehicles. IAA also offers services aimed at maximizing vehicle value, shortening selling cycle time, reducing administrative costs and delivering the highest economic returns. The company operates auction facilities that offer towing, financing and titling services. IAA serves fleet lease companies, dealerships, insurance companies, rental car companies, charitable organizations and other sellers. The company provides multiple bidding/buying digital channels, innovative vehicle merchandising, efficient evaluation services and online bidding tools. It operates in the US, the UK and Canada. IAA is headquartered in Westchester, Illinois, the US.
Headquarters
United States of America
Address
Suite 500, Two Westbrook Corporate Center, Westchester, Illinois, 60154
Website
www.iaai.com
Telephone
1 708 4927000
No of Employees
4,914
Industry
Automotive
Ticker Symbol & Exchange
IAA (NYSE)
Revenue (2022)
$2.1B
14.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-0.7%
(2022 vs 2021)
Market Cap*
$5.3B
Net Profit Margin (2022)
XYZ
-13.1%
(2022 vs 2021)
* As of and is in US$
IAA Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Automotive Salvage Auctions (Whole Cars or Parts) |
| Towing, Financing and Titling Services |
| Online Bidding Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Ownership Changes | In March, the company was acquired by Ritchie Bros Auctioneers Inc for US$7.3 billion. |
| 2023 | New Products/Services | In April, DDI Technology anounced the launch of its electronic lien and title (ELT) services in Indiana. |
| 2022 | Corporate Changes/Expansions | In December, the company announced the opening of new branches in Minnesota and Maryland, the US. |
Competitor Comparison
| Key Parameters | IAA Inc | Group 1 Automotive Inc | Carvana Co | Copart Inc | CoStar Group Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Westchester | Houston | Tempe | Dallas | Washington |
| State/Province | Illinois | Texas | Arizona | Texas | WashingtonD.C. |
| No. of Employees | 4,914 | 15,491 | 16,600 | 9,500 | 5,653 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Susan Healy | Chief Financial Officer | Senior Management | 2021 | 56 |
| Maju Abraham | Senior Vice President; Chief Information Officer | Senior Management | 2019 | 47 |
| Sidney Peryar | Executive Vice President; Chief Legal Officer; Secretary | Senior Management | 2019 | 48 |
| Justin Mahlik | Senior Vice President; Chief Transformation Officer | Senior Management | - | - |
| Steve Muscarello | Chief Commercial Officer; Senior Vice President - Sales | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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