Nice Increase in Used Car SalesIf I recall this was the area where they were having some issues in the past. Nice to see this kind of progress in the results.
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AutoCanada
2011 Third Quarter Operating Results - Revenue increased 16.8% or $38.8 million to $270.1 million
- Gross profit increased by 17.8% or $6.7 million to $44.7 million
- Same store revenue increased by 21.6% or $46.5 million
- Same store gross profit increased by 22.9% or $8.2 million
- EBITDA increased by 104.8% to $8.2 million from $4.0 million
- Pre-tax earnings increased by 155.6% to $6.9 million from $2.7 million
- Net earnings increased by 163.7% to $5.2 million from $2.0 million
- The number of new vehicles retailed increased by 16.3%
- The number of used vehicles retailed increased by 11.2%
- Repair orders completed for the quarter decreased by 1.4%
- Parts, service and collision repair gross profit increased 3.5%