| Business Summary | | Smart
Choice
Automotive
Group
operates
a
chain
of
buy-here,
pay-here
car
dealerships,
with
24
dealerships
located
in
major
markets
in
Texas
and
Florida.
The
Company
finances
and
sells
used
vehicles
to
credit-impaired
customers.
In
Texas,
Smart
Choice
operates
13
lots
under
the
name
PAACO,
and
in
Florida,
it
operates
12
lots
under
the
name
First
Choice.
The
Company's
stores
generally
maintain
an
average
inventory
of
80
used
cars
per
store,
featuring
a
wide
variety
of
makes
and
models
(with
ages
generally
ranging
from
two
to
six
years)
and
a
range
of
sale
prices,
all
of
which
enable
the
Company
to
meet
the
preferences
and
budgets
of
a
wide
range
of
potential
customers
targeted
for
the
area. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Smart
Choice
Automotive
Group,
Inc.
sells
and
finances
used
vehicles,
with
25
dealerships
located
in
major
markets
in
Texas
and
Florida.
For
the
fiscal
year
ended
4/30/01,
revenues
rose
70%
to
$221.9
million.
Net
loss
totalled
$603
thousand
vs.
an
inocme
of
$3.1
million.
Revenues
reflect
increased
number
of
stores
in
operation
and
higher
average
sales
prices.
Earnings
were
offset
by
increased
SG&A,
interest,
depreciation
costs
and
higher
provision
for
credit
losses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Edward McMurphy, 49 Chairman | -- | James Ernst, 49 Pres,
CEO, Director | $209K | Joe Cavalier VP, CFO, Treasurer | -- | Ronald Anderson, 53 VP,
COO | 292K | Larry Lange, 60 VP,
Director | 115K | Dollar amounts are as of 30-Apr-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|