IAA Inc

Ticker
$IAA
Industry
Business Services
Type
Spin-off
Rating
Not Rated
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Spin-off from KAR Auction ($KAR). This is the salvage, totaled, low-value auction portion of the KAR auto auction business. Competitor to Copart (a well regarded business trading at a high multiple). IAA made the list after a big selloff from 4Q21 results.

Notes

Insider buying — following the sell-off, investor Peter Kamin has made some large purchases of this stock — surprising given his typical focus on micro-cap companies
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