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13	member 5/08/23 12:04PM still following?
appreciate any updated thoughts. the group has performed well--this is been a laggard. thank you. seems cheap but questions around management remain overhangs. view available tags
12	member 6/28/22 10:30AM Re: Re: In play now? 11
1 - I believe the smith's vote via a dual-class ownership structure, otherwise this would have been an activist target long ago. I dont think its unassailable even with their super voting shares, just much... login to read the rest 1 view available tags
11	member 6/27/22 5:16PM Re: In play now? 10
1-do the Smiths control the vote? 2-what makes you say the son is disengaged? 3-is it possible that he (Son) now doubles on control---can implement his way? seems like an activist target---- -1 view available tags
10	member 6/27/22 3:26PM In play now?
With the passing of the elder smith, is SAH now a takeout target? Pretty open secret that Lithia has made offers in the past. Doesn't feel like David wants to run this business, he seems... login to read the rest 1 view available tags
9	member 4/01/22 8:35AM Do you expect them to spin off Echo Park? If so, when?
? view available tags
8	member 3/01/22 12:29AM Re: Q1 Trends 7
Thanks rookie964. Used prices have gotten close to new-MSRP. Likely the used dealers with 60 days supply on the lot will be hurt when prices come down. view available tags
5	member 1/26/22 10:42PM Re: Great idea 2
LDRM thanks for your message. 1. Primary strategy to acq customer is to price the car aggressively. From what I've read 90%+ of used car shoppers use aggregators, which are populated by EP, CVNA, local dealers, etc. The... login to read the rest view available tags
4	member 1/26/22 10:50AM Re: Management? 1
Thanks for your message, zax382. We have no opinion on David Smith and though he is CEO of Sonic, we relate him much more to Sonic dealers than to the EchoPark business. We note the heavy insider ownership. My... login to read the rest 1 view available tags
3	member 1/24/22 5:43PM questions
thank you for the write up. very interesting idea. a big question I have is where are they going to source all these used cars? I understand some can be sourced from the dealership network. ... login to read the rest view available tags
1	member 1/24/22 2:37PM Management?
Hi -- agree with your thesis -- market is entirely sleeping on Echo Park. Incredible hidden business. Insane valuation right now, we also think its a 2-5 bagger at least. Our biggest hangup here is around... login to read the rest 2 view available tags

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			2022	2023
Price:	45.89	EPS	0	0
Shares Out. (in M):	41	P/E	0	0
Market Cap (in $M):	1,893	P/FCF	0	0
Net Debt (in $M):	1,679	EBIT	0	0
TEV (in $M):	3,572	TEV/EBIT	0	0

Description

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