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Home > Company Index > Specialty Retail > Auto Dealers & Distributors > Smart Choice Automotive Group, Inc.

Smart Choice Automotive Group, Inc.
OTC: SCHA
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 PROFILE
Smart Choice Automotive Group was running out of gas. The beleaguered seller of used cars sold off nearly a dozen of its dealerships and its Corvette parts business before getting help from Crown Group. In 1999 Crown Group -- owner of the PAACO group of Texas dealerships -- acquired control of Smart Choice and its remaining used-car dealerships. The company operates 12 used-car dealerships under the First Choice name in Florida as well as the 12 PAACO locations in Texas. It buys cars at auto auctions and inspects and repairs them before placing them on its lots. The company generally targets subprime customers with limited or troubled credit histories. Crown Group controls 70% of the voting stock.

 COMPETITION
AutoNation, Inc. (AN)
CarMax Group (KMX)
Ugly Duckling Corporation (UGLY)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: April
2000 Sales (mil.): 108.60
1-Yr. Sales Growth: 75.6%
Employees: 592
Revenue per employee: $183,445.95

 KEY PEOPLE
• James E. Ernst
    CEO
• Larry Kiem
    CFO

 CONTACT INFO
5200 S. Washington Ave.
Titusville, FL 32780
US
Phone: 321-269-0834
Fax: 321-383-7669

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