| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
134 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
2,150 |
| Net Income (TTM) (Millions $) |
315 |
| Cash Flow (TTM) (Millions $) |
122 |
| Capital Exp. (TTM) (Millions $) |
209 |
Business Description
Iaa Inc is a leading global provider of vehicle collision repair and salvaged auto auction services. Based in Chicago, Illinois, the company serves customers across North America, Europe, Asia, and the Middle East. The company was originally created in 1982 as a sub-division of the insurance company AIG, but was spun off in 2000 and became an independent company.
The core services provided by Iaa Inc are vehicle auctions, vehicle valuation, and transportation services. The company's auction services allow for dealerships, other businesses, and individuals to buy and sell cars, trucks, motorcycles, and boats. Vehicles can be bought at an auction in person or online, and Iaa provides various tools such as appraisals, condition reports, and vehicle history reports to help buyers make informed decisions.
In addition to auctions, Iaa also provides salvage and vehicle transport services. Salvage services are offered for damaged vehicles that are considered a total loss by insurance companies or other salvage providers. Iaa's transport services are arranged for transporting vehicles to and from auctions, as well as to and from insurance, rental and leasing agents, and other vehicle dealerships.
IAA Inc. has its own salvage management technology and analytics which has helped it manage over5 million cars in 2020. Its salvage management services also offer tracking of jobs for insurance customers along with catastrophe management, which allows it to receive and process calls for lost vehicles in disaster-stricken areas.
The company has more than 170 auction outlets and branches across North America, Europe and the Middle East which include the United States, Canada, Mexico, UK, and Germany.
Iaa's success can be attributed to a number of factors, including its strong focus on customer service, innovative technology, and commitment to sustainability. The company has received numerous awards for its services, including recognition for its mobile app, its customer service efforts, and its commitment to sustainability. IAA keeps on enhancing its services and investing its resources, it reported $2.3 billion revenue for 2020, indicating its strong and established presence in the market.
Company Address: Two Westbrook Corporate Center Westchester 60154 IL
Company Phone Number: 492-7000 Stock Exchange / Ticker: NYSE IAA
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