Canadian equipment marketplace Ritchie Bros Auctioneers Inc. said on Monday it would buy U.S.-based IAA Inc.in a deal valued at about $7.3 billion to diversify into the salvage vehicle market. The ...

A top Ritchie Bros. Auctioneers Inc. shareholder is opposing a takeover of auto salvage and parts auction company IAA Inc., a business it calls "distinctly inferior." Luxor Capital Group, which owns ...

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 ...

Bank of America upgraded RB Global (NYSE: RBA) to Buy with a $120 price target citing improved risk-reward profile and growth ...

DETROIT (Reuters) - Vehicle auction company KAR Auction Services Inc said on Tuesday it will spin off its salvage auction business unit within the next 12 months so both entities will be able to focus ...

Ever thought that junk cars could be a great business? With repair costs exceeding vehicles’ market value, insurers are declaring more smashed cars as total loss. Salvage auto auctioneers are reaping ...

IAA is the challenger to Copart in the market for selling totaled cars. Nick Sciple: I want to talk briefly, in addition about some of these other companies in the industry, Copart isn't the only ...

Automakers meet for the biennial Frankfurt car show (IAA) Tuesday, radiating confidence even as they face tougher environmental rules, a rush of pricey new technologies and major players leaving empty ...