EVCA FACTS
1) Plan to open 4 new dealerships within 12 months
2) Plan to sell 125 used hybrids and 15 new EV per quarter from their last 10Q (roughly $2.5M/quarter using 17K pricetage for used hybrids and 30k for new EV)
3) Has publicly stated that used hybrids will dominate their sales for several years while EV becomes more established in the country. If EV never takes off, they will still be a superstore for all used hybrids, and be selling CNG to cities/states and businesses who want to cut the cost of fuel by 50%
4) Plans to open 13 dealerships that EVCA will own, these will be the flagship dealerships
5) After establishing 13 flashship dealerships, off franchises around the country
6) They are working on financing to get the first 4 dealerships built ASAP
EVCA Speculation
When the financing is settled and they open the 4 dealerships they are looking at up to $3M/quarter in revenue or $12M/year. Use 10% net profit or $1.2M, use PE 20, get net worth of $24M at least, and that is right now as we are looking forward 6-12 months, of which we know they plan to do this.
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