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With Group 1, I felt there were more changes to the presentation than Asbury, so forgive me for spending a little more time on this company. I think the reason I noticed more changes to Group 1’s slides (aside from the fact that I haven’t seen one of their presentations since the Spring) is because management is still relatively new (less than 24 months on the job.) And so last year you started to see management’s plan come together (both in the articulated strategy as well as the earnings results.) This year’s presentation looks to even more clearly articulate where they are heading. For example, management added a part that discussed a strategic shift toward own
... To view the entire article: Related Companies: Asbury Auto AutoNation CarMax Group 1 Automotive lanelogic (not in index) Lithia Motors Penske Automotive Group (formerly UnitedAuto) Sonic Automotive
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