Recent quarterly results showed they generated on an annualized basis about $1 million pre-tax which gives an extreme multiple of 4 X the market multiple. In electronics and selling in the niche markets with a high infrastucture cost base.
They can beat earnings when they report tomorrow. The industry has been hurt because the price of used cars was getting so high, but has been coming down the last two quarters. The industry will start to accelerate in volumes.
The chart has been choppy and rough, but the last quarter finally showed sales picking up. They've invested a lot on their online platform to the best in the industry. The worst is behind it.
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Recent quarterly results showed they generated on an annualized basis about $1 million pre-tax which gives an extreme multiple of 4 X the market multiple. In electronics and selling in the niche markets with a high infrastucture cost base.