The totaled auto auction industry is a lucrative market with many tailwinds. 80% of the market is split between Copart and IAA, making it a Duopoly. The companies differentiate each other in their ...

Vehicle marketplace IAA says the expansion of its McAllen, Texas, branch doubles the branch’s capacity, in part to further manage potential volume that comes from catastrophic weather events in the ...

Insurance companies used to have contracts directly with local automotive recyclers for vehicles that were declared total losses following crashes. Now, insurers primarily work with online auction ...

Copart's recent results and commentary don't match up to those from IAA/KAR. The domestic market is pretty mature, but international seems to offer a long-term opportunity for growth. Management has a ...

WESTCHESTER, Ill.--(BUSINESS WIRE)--Insurance Auto Auctions, Inc. (IAA) the leading live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc. (NYSE: ...