Jessica A. Garascia, who serves as Senior Vice President, General Counsel, Chief Administrative Officer and Secretary of AAR CORP (NYSE: AIR), completed a set of linked equity transactions on March 26, 2026, involving the company’s common stock.
On that date Garascia exercised stock options to acquire 6,284 shares of AAR common stock. The options carried exercise prices ranging from $41.88 to $67.02, and the total cash outlay to effect those exercises amounted to $346,064.
Immediately following the option exercises, Garascia sold the same 6,284 shares for a combined proceeds of $705,068, with each share sold at $112.20. That execution price was notably above the company’s then-current trading price of $103.16. For context on the stock’s recent performance, AAR has returned 88% over the past 12 months, although it has retreated from a 52-week high of $123.
Separately, analysis attributed to InvestingPro — cited with respect to AAR — indicates the company appears undervalued at current market levels. The commentary notes continued profitability and a price-to-earnings ratio of 22.7. InvestingPro also offers expanded coverage, including a Pro Research Report available for AAR and more than 1,400 other U.S. equities.
Garascia’s transactions occurred against a backdrop of stronger-than-expected financial results from AAR for the third quarter of fiscal 2026. The company reported earnings per share of $1.25, surpassing the consensus estimate of $1.11, and recorded revenue of $845 million. That top-line figure represented 25% growth year-over-year, with organic growth of 14%.
Following those results, several brokerages adjusted their outlooks and price targets. RBC Capital raised its price target for AAR to $125 while maintaining an Outperform rating. KeyBanc increased its target to $120, citing strong execution in parts distribution and gains in market share. Jefferies lifted its price target to $150 and noted an upward revision in AAR’s fiscal 2026 organic growth forecast to roughly 12%. Truist Securities reiterated a Buy rating and set a price target of $128, pointing to strong performance in the parts distribution business.
These analyst moves and the company’s reported quarterly performance were cited in coverage as evidence of positive momentum for AAR, including contributions from new customer wins and improvements in operational efficiency.
Clear summary
On March 26, 2026, AAR CORP executive Jessica A. Garascia exercised options to buy 6,284 shares for $346,064 and sold those 6,284 shares for $705,068 at $112.20 per share. The transactions coincided with AAR’s strong fiscal third-quarter results and subsequent analyst price-target increases.
Key points
- Insider activity: Garascia exercised options for 6,284 shares at strikes between $41.88 and $67.02, totaling $346,064, and sold the same 6,284 shares for $705,068 at $112.20 per share on March 26, 2026.
- Market context: AAR’s shares traded at $103.16 at the time referenced, have returned 88% over the past year, and remain below a 52-week high of $123.
- Financial backdrop and analyst response: AAR reported Q3 fiscal 2026 EPS of $1.25 versus a $1.11 consensus and revenue of $845 million, up 25% with 14% organic growth; multiple brokerages raised price targets in the wake of results.
Risks and uncertainties
- Market price variability - The insider sale price of $112.20 exceeded the stated trading price of $103.16, highlighting short-term market volatility in the company’s stock that could affect shareholder returns.
- Valuation ambiguity - While an InvestingPro analysis is cited indicating AAR appears undervalued with a P/E of 22.7, such assessments are contingent on the metrics and methodologies used and may not reflect future performance.
- Operational reliance - Analyst commentary attributes recent upside to parts distribution execution and new customer wins; continued performance depends on maintaining those operational gains.
Note: This report presents the transactions and publicly reported financial and analyst data as stated and does not offer investment advice.