I was just on the Now Auto/Sunburst websites. Inventory as follows: Mesa 36 cars, Tucson 18 & Scottsdale 8, for a total of 62. Average sell price $7000.00 = 434,000. If they sell all the inventory every month then for the last 9 months that would be 3,906,000. Sunburst sales based on last auction for last 9 months 2,331,000. Adding those 2 together and their 1st qtr figure, I come up with 8,637,000. The Navicom units retail for 399.00, not sure what wholesale is, usaully 40% off. Plug in the number of Navicom units they would have to sell a month to hit 30 million this year.
I don't believe they turn inventory once a month & I am being very liberal with these sale estimates.
There is not a unit for sale on eBay and Sunburst shows an inventory of 1 car.
I know I didn't calculate some of the small revenue items.
My personal opinion is if they ever come out with audited financials, sales would be 5-6 million.
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