IAA

Iaa Inc

A global digital marketplace for auctioning total-loss, damaged, and low-value cars, trucks, and other vehicles, where insurance companies, fleet owners, and dealers buy and sell salvage vehicles online. It was founded in 1982 in St. Louis by a group of insurance companies looking for a better way to dispose of wrecked cars — hence its original name, Insurance Auto Auctions. After years under the KAR Auction Services umbrella, the business was spun off as an independent company in 2019, keeping its old initials as its ticker symbol, IAA.

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