5 Best Small Cap Ecommerce Stocks to Buy

Page 5 of 5

1. IAA, Inc. (NYSE:IAA)

Number of Hedge Fund Holders: 36   

IAA, Inc. (NYSE:IAA) operates a digital marketplace that connects vehicle buyers and sellers. It is one of the major ecommerce stocks to invest in. On September 7, IAA announced that it has expanded IAA Transport’s services footprint to include Mexico and Nigeria. Buyers from these countries can now generate real time quotes on any vehicle for sale or any vehicle purchased by the buyer. 

On August 10, Baird analyst Craig Kennison maintained an Outperform rating on IAA, Inc. (NYSE:IAA) stock and lowered the price target to $46 from $50, noting that the company reported mixed results and narrowed guidance. 

At the end of the second quarter of 2022, 36 hedge funds in the database of Insider Monkey held stakes worth $612.9 million in IAA, Inc. (NYSE:IAA), compared to 34 in the preceding quarter worth $663.9 million. 

You can also take a peek at 10 Best Guru Stocks To Buy Now and Top 10 Health Insurance Stocks to Buy.

Page 5 of 5