Entry ~36, PT 37.35, 42.50, SL 32.40 - Earnings Overreaction
IAA is a competitor to the better known and larger CPRT (Copart). They've expanded into near East markets in Russia and former USSR satellites, they've shown decent YOY growth (0.13 EPS, 165m revenue), and they only missed today's earnings by 0.01 (2%) against analyst estimates. Not a high volume stock, but RSI is oversold at 25, and 36 seems to be acting as support, at least for today. I entered earlier than I should have, but as per title - Entry ~36, PT 37.35, 42.50 (18%), SL (10%) 32.40.
Thinly traded options wise, and this isn't financial advice. Happy trading.
Thinly traded options wise, and this isn't financial advice. Happy trading.
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