IAA is a global digital marketplace connecting vehicle buyers and sellers. Co.'s platform facilitates the marketing and sale of total-loss, damaged and low-value vehicles for a variety of sellers, including insurance companies, dealerships, fleet lease and rental car companies, and charitable organizations. Co. provides a suite of auction, logistics and vehicle-processing services as part of its ability to function as a one-stop shop for vehicle sellers and buyers within its global digital marketplace. Co. markets vehicles to prospective buyers through its various marketplaces. Auctions are typically held weekly for most locations and allow bidders to participate virtually at the auction.