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11/11/22 3:11PM
Internal growth
What are folks thoughts on internal growth acting as counterweight to cyclical auto downturn? First there is Clicklane, that management has stated will represent 50% of projected growth to 2025 from $1b this year-end to... login to read the rest
GoAnywhereGuy - I agree that AN is cheap and one could certainly make an argument that with their incredible pace of buybacks (coupled with Cascade with ~15% of the float not being a seller) that... login to read the rest
Whole dealer complex is a home run here if margins are permanently higher, but per moneytr33 isn't AN the right horse given insane pace of repurchases? SOI down >40% in two years...
Some interesting commentary out of ABG. AN and GPI last week that I believe provided additional evidence in support of the core thesis points here:
Margins / Cost Structure
" We didn't have the large luxury stores... login to read the rest
WinBrun – thank you for your questions (and contributions to the Club generally). Please see answers below:
1. 1.I n 2019 advertising represented ~4% of SG&A or ~$280k per location. Right now it is running at... login to read the rest
thank you for the write-up. some questions:
1-how do you model per store marketing over the next few years? given there has been little inventory--would figure that marketing has been down a lot--dealers traditionally spend in... login to read the rest
moneytr33 - thanks for the questions. I prefer ABG to AN as I believe that ABG has great managers and operating whereas AN does not. I disagree with you assertion that ABG need to de-leverage... login to read the rest
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