Back
On Friday, I found myself on the trading floor and world headquarters of lanelogic meeting with Jim O'Brien (President of lanelogic) and Michael Darr (Senior Director of Operations.) The idea of creating an online marketplace (trading forum) for used vehicles goes to the idea of driving efficiency into the marketplace. So I have been watching this company's development for some time now. The big question on all of our minds (outsiders like myself,) however, was if lanelogic could get a financially viable model? Well, it turns out last month they turned free cash flow positive, and look to continue (in the positive free cash flow territory) in the coming months. But that isn't the half of it. When I went
... To view the entire article: Related Companies: Asbury Auto AutoNation CarMax Copart Group 1 Automotive lanelogic (not in index) Lithia Motors
|