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Profile - Major Automotive Co. (NasdaqNM:MAJR)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Msgs | Insider
Location
80-02 Kew Gardens Road, Suite 5000
Kew Gardens, NY 11415
Phone: (718) 520-6500
Fax: (718) 520-6879
Employees (last reported count): 300
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Misc. Financial Services
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Ownership
·Insider and 5%+ Owners: 52%
·Institutional: 0% (1% of float)
(25 institutions)
·Net Inst. Selling: 30.0K shares
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
The Major Automotive Companies, Inc., formerly Fidelity Holdings, Inc., sells new and used vehicles through the Major Dealer Group, a consolidator of automobile dealerships in the New York metropolitan area that operates through 12 retail automobile franchises. The Company owns and operates seven automobile franchises at four locations in Long Island City, New York, three franchises in three locations in Hempstead, New York and two franchises in two locations in Orange, New Jersey. Through its dealerships, the Company sells new and used automobiles, provides related financing, sells replacement parts and provides vehicle repair service and maintenance. Its leasing operations consist of providing leases and other financing. On July 12, 2001, the Company sold its wholly owned Israeli subsidiary, C. B. S. Computer Business Sciences, Ltd., as well as the assets of its wholly owned Canadian subsidiary, 786710 Ontario Ltd. (d/b/a Info Systems).
More from Market Guide: Expanded Business Description

Financial Summary
Major Automotive Companies, Inc., is a holding co. for Major Automotive Group, a consolidator of automobile dealerships in the NY area that operates through retail automobile dealerships. For the three months ended 3/31/01, revenues increased 30% to $88.1 million. Net income from continuing operations rose 9% to $786 thousand. Revenues reflect increased unit sales. Net income was partially offset by increased advertising and compensation expenses.

Recent Earnings Announcement
For the 3 months ended 06/30/2001, revenues were 102,324; after tax earnings were -62. (Preliminary; reported in thousands of dollars.)

More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Bruce Bendell, 46
Chairman, CEO
$236K
James Wallick, 49
Pres, COO, Director
711K
Richard Feinstein, 57
CFO, Sr. VP-Fin.
172K
Dollar amounts are as of 31-Dec-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
Statistics at a Glance -- NasdaqNM:MAJRAs of 31-Aug-2001
Price and Volume
52-Week Low
on 12-Apr-2001
$1.20 
Recent Price$2.79 
52-Week High
on 25-Sep-2000
$7.50 
Beta0.79 
Daily Volume (3-month avg)20.5K
Daily Volume (10-day avg)20.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change-58.5%
52-Week Change
relative to S&P500
-44.3%
Share-Related Items
Market Capitalization$14.6M
Shares Outstanding5.22M
Float2.50M
Dividends & Splits
Annual Dividendnone 
Last Split: 1 for 5 on 2-May-2001
Per-Share Data
Book Value (mrq*)$2.99 
Earnings (ttm)-$0.23 
Earnings (mrq)-$0.01 
Sales (ttm)$61.34 
Cash (mrq*)$0.32 
Valuation Ratios
Price/Book (mrq*)0.93 
Price/EarningsN/A 
Price/Sales (ttm)0.04 
Income Statements
Sales (ttm)$359.5M
EBITDA (ttm*)$7.75M
Income available to common (ttm)-$1.02M
Profitability
Profit Margin (ttm)-0.3%
Operating Margin (ttm)0.8%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter
(fully updated)
31-Mar-2001
Most recent quarter
(flash earnings)
30-June-2001
Management Effectiveness
Return on Assets (ttm)-1.13%
Return on Equity (ttm)-4.31%
Financial Strength
Current Ratio (mrq*)1.07 
Debt/Equity (mrq*)3.40 
Total Cash (mrq)$0 
Short Interest
As of 8-Aug-2001
Shares Short11.0K
Percent of Float0.4%
Shares Short
(Prior Month)
8,000 
Short Ratio0.44 
Daily Volume25.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001, except mrq*/ttm* items as of 31-Mar-2001)

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