A publicly held automotive retailer in the United States. Its operations are conducted through two operating subsidiaries, America's Car-Mart, Inc and Colonial Auto Finance, Inc.
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This is a value play just for the sheer ammount of book value that they posses (in the form of tan. assets of course!)
I will say that they are a bit low on cash, BUT used cars are the sort of thing that they don't have to put much money in, and then they get a nice markup, if they have to bring in a ton of cash quickly, they just discount the cars a bit, and sell a ton more...
They just bought a dealership here in Lexington, KY (on New Circle) and made it quite nice, I would imagine that they will take a tone of sales in this city, and in many others.
The company had a down turn this quarter, which is making a great buying opportunity for the rest of us!