Trailing earnings to value company??? You can't look back to value co. you have to look forward...You have to look at EV, projected EBITDA and growth rates, assets (they own over 20 of the real estate of their dealerships), floor plan debt versus long term debt, plus throw in the relationships they have with the OEMs, just to name a few. This thing is dirt cheap here but they are out of favour and market sentiment isn't helping. If you're willing to hold a couple of years you will be well rewarded, unless they are taken out before that.