Insurance Auto Auctions: A Great Company At A Fair Price [Seeking Alpha]
KAR Auction Services, Inc (KAR)
Last kar auction services, inc earnings: 2/18 05:00 pm
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US:NYSE Investor Relations:
karauctionservices.com/investor-relations
Company Research
Source: Seeking Alpha
Insurance Auto Auctions: A Great Company At A Fair Price Summary IAA is a very attractive business with near-term secular tailwinds. In the very long term, the business will be negatively impacted by autonomous vehicles. IAA trades at a premium valuation but would be a buy on a pullback. Introduction On June 28, 2018, KAR Auctions Services ( Overview IAA runs auctions for totaled (or very high-mileage) cars. The company holds 40% market share in the US market, while its closest competitor, Copart ( CPRT Why would an insurance company want to sell a vehicle for scrap value? If it would cost an insurance company $15,000 to repair an insured vehicle to pre-accident value, but the vehicle would only be worth $12,000 after its repairs, then it makes more sense for the company to write a check to the insured party for $12,000 and sell the damaged car for scrap value. Typical buyers include dismantlers, rebuilders, recyclers, and exporters who purchase salvage vehicles for scrap, replacement
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News
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- OPENLANE to Announce First Quarter 2024 EarningsPR Newswire
KAR
Earnings
- 2/20/24 - Beat
KAR
Sec Filings
- 4/10/24 - Form 3
- 4/1/24 - Form 4
- 3/13/24 - Form 4
- KAR's page on the SEC website