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Re: VortMax post# 14170

Friday, 02/25/2011 9:36:29 AM

Friday, February 25, 2011 9:36:29 AM

Post# of 43903
Whats EVCARCO worth? Likely $31M Quite simply, hybrids make up roughly 3.2% of auto sales in the U.S. With Carmax selling all types of used cars, an EVCARCO dealership should be worth roughly 3.2% of a Carmax dealership. With EVCARCO planning on building 13 dealerships to begin with, factor in negative speculation that they have to finance and build first, then factor in hybrid sales will grow faster than gasoline car sales in the coming years which is a postitive, I'll use the very same 21 PE given to Carmax to figure EVCARCO's net worth. The breakdown is below: Carmax Market Cap $7.7B Carmax Stores 103 Carmax Net Worth/Store $74.8M Carmax Sells All Types of Used Cars Carmax PE 21 http://finance.yahoo.com/q?s=kmx&ql=1 EVCARCO Market Cap $31.0M EVCARCO Planned Stores 13 EVCARCO Net Worth/Store $2.4M EVCARCO Sells Used Hybrids EVCARCO PE 21 http://www.greencarcongress.com/2009/12/edmunds-20091213.html Folks, it doesn't get any more simple than this. With EVCARCO selling some new EV, that is just the icing on the cake for now. Use $31M as guidance, and track the O/S, and figure your PPS, period. COMMENTS/QUESTIONS/CONCERNS?
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