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The Aarons Company Stock Price, News & Analysis

AAN NYSE

Company Description

The Aaron's Company, Inc. (historically listed on the NYSE under the ticker AAN) operated in the retail trade sector as a technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions. According to company disclosures, it focused on appliances, electronics, furniture, and other home goods, serving customers who sought flexible lease and purchase options. The company was headquartered in Atlanta and described itself as a leading provider of these services across North America.

Over time, The Aaron's Company developed a multi-brand structure. Its primary consumer-facing brand, Aaron's, offered a direct-to-consumer lease-to-own solution through a network of company-operated and franchised stores in 47 U.S. states and Canada, together with an e-commerce platform. This store and online presence allowed customers to access home goods through lease arrangements or retail purchases, with the company emphasizing technology-enabled, omnichannel engagement.

The Aaron's Company also owned BrandsMart U.S.A., described as one of the leading appliance retailers in the United States. BrandsMart U.S.A. operated retail stores in Florida and Georgia, supported by its own e-commerce platform. Through this brand, the company participated in big-box style retailing of appliances, electronics, furniture, and related products. The company highlighted the expansion of BrandsMart U.S.A., including the opening of new locations in Georgia.

Another component of the business was BrandsMart Leasing, which provided lease-to-own solutions to customers of BrandsMart U.S.A. This allowed the company to integrate financing and lease options directly into the BrandsMart retail experience. In addition, the company operated Woodhaven, identified as its furniture manufacturing division. Through Woodhaven, The Aaron's Company supported its product offerings with in-house furniture production.

According to public statements, The Aaron's Company positioned its model as technology-enabled and omnichannel, combining physical stores, franchised locations, and e-commerce platforms. The company described itself as serving customers through lease-to-own and retail purchase solutions across its Aaron's, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven brands, with a footprint that included hundreds of stores in multiple states and Canada.

A significant corporate development occurred when The Aaron's Company entered into a definitive agreement to be acquired by IQVentures Holdings, LLC, which was described as a fintech organization with experience in consumer and business financing. The company reported that this agreement was unanimously approved by its Board of Directors and that, upon completion of the transaction, The Aaron's Company would become a privately held company and its common stock would no longer be traded on the NYSE.

Subsequently, The Aaron's Company announced the completion of its acquisition by IQVentures Holdings, LLC for cash consideration. In that announcement, the company stated that its common stock would cease trading as of the completion date and would no longer be listed on the NYSE. As a result, ticker symbol AAN now represents the historical public listing of The Aaron's Company prior to its take-private transaction.

For investors and researchers, AAN therefore serves primarily as a historical reference to The Aaron's Company, Inc. as a publicly traded entity in the retail trade sector, focused on lease-to-own and retail purchase solutions for home goods through its Aaron's, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven operations.

Business structure and brands

Based on the company’s own descriptions, The Aaron's Company organized its operations around several key brands:

  • Aaron's – Direct-to-consumer lease-to-own solution delivered through company-operated and franchised stores in 47 states and Canada, plus an e-commerce platform.
  • BrandsMart U.S.A. – Appliance and electronics retail chain with stores in Florida and Georgia and an associated e-commerce platform.
  • BrandsMart Leasing – Lease-to-own solutions offered to customers of BrandsMart U.S.A.
  • Woodhaven – Furniture manufacturing division supporting the company’s home goods offerings.

These brands collectively addressed customers seeking appliances, electronics, furniture, and other home goods through both traditional retail purchases and lease-to-own arrangements.

Status of AAN as a public listing

The Aaron's Company disclosed that it entered into, and later completed, an acquisition by IQVentures Holdings, LLC. Following completion, the company stated that its common stock would cease trading and would no longer be listed on the NYSE. Consequently, AAN functions as a former NYSE ticker for historical research into The Aaron's Company’s period as a publicly traded firm.

FAQs about The Aaron's Company (AAN)

Stock Performance

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Last updated:
+2.64%
Performance 1 year
$318.3M

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No SEC filings available for The Aarons Company.

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Frequently Asked Questions

What is the current stock price of The Aarons Company (AAN)?

The current stock price of The Aarons Company (AAN) is $10.09 as of October 3, 2024.

What is the market cap of The Aarons Company (AAN)?

The market cap of The Aarons Company (AAN) is approximately 318.3M. Learn more about what market capitalization means .

What did The Aaron's Company, Inc. (AAN) do as a business?

According to its public disclosures, The Aaron's Company, Inc. operated as a technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions. It focused on appliances, electronics, furniture, and other home goods, serving customers through its Aaron's, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven brands.

Which brands were part of The Aaron's Company?

The Aaron's Company reported that its operations were organized under four primary brands: Aaron's, which offered direct-to-consumer lease-to-own solutions; BrandsMart U.S.A., an appliance and electronics retailer; BrandsMart Leasing, which provided lease-to-own options to BrandsMart U.S.A. customers; and Woodhaven, the company’s furniture manufacturing division.

How did Aaron's reach customers geographically?

Company statements indicate that Aaron's offered direct-to-consumer lease-to-own solutions through approximately 1,200 company-operated and franchised stores in 47 U.S. states and Canada, along with an e-commerce platform. BrandsMart U.S.A. operated retail stores in Florida and Georgia, also supported by an e-commerce platform.

What happened to The Aaron's Company’s NYSE listing under ticker AAN?

The Aaron's Company announced that it entered into a definitive agreement to be acquired by IQVentures Holdings, LLC and later reported the completion of that acquisition. In connection with the completed transaction, the company stated that its common stock would cease trading as of the completion date and would no longer be listed on the NYSE. As a result, AAN is now a historical ticker.

Is The Aaron's Company still a public company?

No. The Aaron's Company disclosed that, upon completion of its acquisition by IQVentures Holdings, LLC, it became a privately held company and its common stock would no longer be traded on the NYSE. Public trading in AAN ended in connection with that transaction.

What role did BrandsMart U.S.A. play within The Aaron's Company?

BrandsMart U.S.A. was described by The Aaron's Company as one of the leading appliance retailers in the United States, with retail stores in Florida and Georgia and an e-commerce platform. It formed the company’s large-format retail channel for appliances, electronics, furniture, and other home goods.

What is Woodhaven in relation to The Aaron's Company?

Woodhaven was identified in company materials as The Aaron's Company’s furniture manufacturing division. Through Woodhaven, the company supported its offerings in furniture and related home goods.

Who acquired The Aaron's Company, Inc.?

The Aaron's Company, Inc. reported that it was acquired by IQVentures Holdings, LLC, which it described as a fintech organization with experience in consumer and business financing. The company stated that, following completion of the transaction, it would become a privately held company.

Does the AAN ticker still trade on the NYSE?

No. The Aaron's Company announced that, with the completion of its acquisition by IQVentures Holdings, LLC, its common stock would cease trading as of the completion date and would no longer be listed on the NYSE. Therefore, AAN is no longer an active NYSE ticker.

What types of products did The Aaron's Company focus on?

In its public descriptions, The Aaron's Company stated that it provided lease-to-own and retail purchase solutions for appliances, electronics, furniture, and other home goods. These product categories were offered across its Aaron's, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven operations.