Owner Scorecard


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An industry chapter · Auto Dealers & Services

Auto Dealers & Services

31 members, AAP to YSXT, A to Z by ticker.

Gross profitability
median 32% — gross profit as a share of total assets, each member's median across its readable years; read on 19 of 31 members
Capital intensity
median 2.6% — capital expenditure as a share of revenue, each member's median across its readable years; read on 29 of 31 members
Net cash
3 of the 31 members with a readable debt line hold more cash and short-term investments than total debt

Figures describe the list as a group, from each member's own filed record; they name no member and form no rank. A member missing an input is absent from that median, never counted against the others.

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AAP Advance Auto Parts

A retailer, earning thin margins on high volume, where inventory turns, unit economics and scale decide the outcome.

Owner earnings 2016–2026 $264M$411M$617M$597M$702M$338M$61M($96M)($298M)

Retained capital Paid out $165M more than it earned over 2016–2026; annual owner earnings fell $542M.

Balance sheet Net debt against an operating loss, $289M · dividend paid 9 of 9 yrs, cut at least once

ABG Asbury Automotive Group Inc

Asbury Automotive Group, Inc. is a Fortune 500 company and one of the largest franchised automotive retailers in the United States.

Owner earnings 2016–2023 $112M$234M($30M)$314M$1.1B$627M$245M

Retained capital Retained $2.4B of earnings over 2016–2023; annual owner earnings grew $559M, $0.24 per $1 retained.

Balance sheet Meaningful net debt, $3.2B · buybacks at an average near $6.98

AN AutoNation

AutoNation, Inc., through its subsidiaries, is one of the largest automotive retailers in the United States.

Owner earnings 2016–2025 $451M$475M$446M$705M$1.1B$1.5B$1.6B$642M$234M$28M

Retained capital Paid out $382M more than it earned over 2016–2025; annual owner earnings fell $156M.

Balance sheet Meaningful net debt, $3.6B

AZO AutoZone Inc.

AutoZone Inc. is a leading retailer and distributor of automotive replacement parts and accessories in the Americas.

Owner earnings 2016–2025 $1.3B$1.2B$1.7B$1.8B$2.3B$3.1B$2.8B$2.4B$2.5B$2.5B

Retained capital Paid out $3.7B more than it earned over 2016–2025; annual owner earnings grew $1.0B.

Balance sheet Meaningful net debt, $8.7B · buybacks at an average near $1,387

BGSI Boyd Group Services Inc.

Boyd Group Services Inc. is a Canadian federal corporation and controls Boyd.

Owner earnings 2024–2025 $236M$299M

Retained capital not read

Balance sheet Net cash, +$877M

CAR Avis Budget Group Inc.

Avis brand delivers premium vehicle rental and mobility solutions for the modern expert traveler.

Owner earnings not read

Retained capital not read

Balance sheet Net debt against an operating loss, $5.6B

CPRT Copart

We are a leading global provider of online auctions and vehicle remarketing services with operations in the United States, the United Kingdom, Germany, Brazil, Canada, the United Arab Emirates, Spain, Finland, Oman, the Republic of Ireland, and Bahrain.

Owner earnings 2016–2025 $284M$435M$456M$562M$816M$869M$1.0B$1.2B$1.3B$1.6B

Retained capital Retained $7.7B of earnings over 2016–2025; annual owner earnings grew $965M, $0.12 per $1 retained.

Balance sheet Net cash, +$2.8B · buybacks at an average near $18.84

CSAN Cosan S.A. ADS

A retailer, earning thin margins on high volume, where inventory turns, unit economics and scale decide the outcome.

Owner earnings 2018–2024 R$3.3BR$3.5BR$3.3BR$2.6BR$7.0BR$6.9BR$9.2B

Retained capital Paid out R$11.9B more than it earned over 2018–2024; annual owner earnings grew R$4.3B.

Balance sheet Heavy net debt, R$49.6B · dividend paid 7 of 7 yrs, cut at least once

CVNA Carvana

Carvana Co. is a holding company that was formed as a Delaware corporation in 2016 in order to operate the business of Carvana Group, LLC.

Owner earnings 2017–2025 ($278M)($558M)($988M)($968M)($3.2B)($1.8B)$716M$827M$889M

Retained capital not read

Balance sheet Modest net debt, $2.7B

CWH Camping World Holdings

Camping World Holdings offer a Unique and Comprehensive Assortment of RV Products and Services.

Owner earnings 2016–2022 $191M($48M)$87M$192M$696M$88M$109M

Retained capital Retained $133M of earnings over 2016–2022; annual owner earnings grew $221M, $1.67 per $1 retained.

Balance sheet Heavy net debt, $1.3B · buybacks at an average near $34.84 · dividend paid 7 of 7 yrs, cut at least once

DRVN Driven Brands Holdings Inc.

Driven Brands is the largest automotive services company in North America with a growing and highly-franchised base of over 4,200 locations across 49 U.S. states and Canada.

Owner earnings 2019–2025 $13M$32M$171M$50M$152M$165M$249M

Retained capital Paid out $943M more than it earned over 2019–2025; annual owner earnings grew $117M.

Balance sheet Heavy net debt, $2.6B · buybacks at an average near $13.87

EVGO EVgo Inc.

We are one of the nation's leading public EV fast charging providers.

Owner earnings 2020–2025 ($39M)($54M)($95M)($89M)($73M)($82M)

Retained capital not read

Balance sheet Net debt against an operating loss, $55M

GPI Group 1 Automotive

Group 1 Automotive runs a chain of franchised car dealerships, selling new and used vehicles in the United States and the United Kingdom. Alongside the vehicle, each store arranges financing and insurance for the buyer and runs parts-and-service bays that repair the cars it sells. The bulk of the revenue comes from putting vehicles in driveways; the service work and the finance desk are the smaller, higher-margin lines.

Owner earnings 2016–2025 $333M$139M$203M$299M$730M$1.2B$492M$87M$471M$564M

Retained capital Retained $1.4B of earnings over 2016–2025; annual owner earnings grew $149M, $0.10 per $1 retained.

Balance sheet Heavy net debt, $3.7B · dividend paid 10 of 10 yrs, cut at least once

HTZ Hertz Global Holdings Inc

We are one of the largest worldwide vehicle rental companies and our Hertz brand name is among the most recognized globally.

Owner earnings 2016–2025 $2.4B$2.2B$2.4B$2.7B$855M$1.7B$2.4B$2.3B$2.1B$1.5B

Retained capital Paid out $6.3B more than it earned over 2016–2025; annual owner earnings fell $354M.

Balance sheet Net debt against an operating loss, $16.5B

HTZWW Hertz Global Holdings Inc

We are one of the largest worldwide vehicle rental companies and our Hertz brand name is among the most recognized globally.

Owner earnings 2016–2025 $2.4B$2.2B$2.4B$2.7B$855M$1.7B$2.4B$2.3B$2.1B$1.5B

Retained capital Paid out $6.3B more than it earned over 2016–2025; annual owner earnings fell $354M.

Balance sheet Net debt against an operating loss, $16.5B

HZO MarineMax Inc. (FL)

We are the world's largest recreational boat and yacht retailer, marina operator and superyacht services company.

Owner earnings 2016–2025 $15M($5M)$60M($24M)$292M$358M$57M($263M)($70M)$12M

Retained capital Retained $665M of earnings over 2016–2025; annual owner earnings fell $130M, $-0.20 per $1 retained.

Balance sheet Heavy net debt, $221M

KMX CarMax

CarMax Background CarMax, Inc. delivers an unrivaled customer experience by offering a broad selection of quality used vehicles and related products and services at competitive, no-haggle prices using a customer-friendly sales process.

Owner earnings 2017–2026 ($624M)($260M)($19M)($452M)$503M($2.9B)$1.0B$198M$330M$1.4B

Retained capital Retained $1.7B of earnings over 2017–2026; annual owner earnings grew $957M, $0.56 per $1 retained.

Balance sheet Heavy net debt, $17.9B

LAD Lithia Motors

Lithia Motors owns and runs a large network of automobile dealerships across the country, gathered by buying up other dealers. Each store sells new and used vehicles and, alongside the metal, arranges the financing and insurance and supplies the parts and repair service that come with owning a car. Selling the vehicle is the low-margin part; the finance, insurance, parts and service attached to it carry the richer margins, and acquiring more dealers adds more of all of it.

Owner earnings 2016–2025 $42M$91M$444M$442M$452M$1.7B($783M)($703M)$74M$6M

Retained capital Retained $3.4B of earnings over 2016–2025; annual owner earnings fell $400M, $-0.12 per $1 retained.

Balance sheet Heavy net debt, $9.3B · buybacks at an average near $288 · dividend paid 10 of 10 yrs, never cut

MCW Mister Car Wash

We serve a diverse mix of customers, including individual retail customers and UWC Members, which are comprised of both retail and corporate customers.

Owner earnings 2019–2025 $31M$57M$123M$168M$135M$167M$197M

Retained capital Retained $210M of earnings over 2019–2025; annual owner earnings grew $96M, $0.46 per $1 retained.

Balance sheet Meaningful net debt, $768M · dividend paid 1 of 7 yrs, cut at least once

MNRO Monro Inc.

We are a leading nation-wide operator of retail tire and automotive repair stores in the United States.

Owner earnings 2017–2026 $95M$82M$108M$65M$133M$146M$176M$100M$106M$39M

Retained capital Paid out $17M more than it earned over 2017–2026; annual owner earnings fell $14M.

Balance sheet Heavy net debt, $223M · dividend paid 10 of 10 yrs, never cut

MUSA Murphy USA

Revenue is Products (77%), Merchandise (22%) and Other operating revenues (1%).

Owner earnings 2016–2025 $239M$167M$265M$161M$403M$525M$774M$555M$600M$537M

Retained capital Paid out $184M more than it earned over 2016–2025; annual owner earnings grew $341M.

Balance sheet Meaningful net debt, $2.2B · buybacks at an average near $178 · dividend paid 6 of 10 yrs, never cut

OPLN OPENLANE Inc.

OPENLANE is a leading digital marketplace for wholesale used vehicles operating in the United States, Canada and Europe.

Owner earnings 2016–2025 $223M$492M$619M$219M$116M$170M($57M)$185M$240M$337M

Retained capital Retained $522M of earnings over 2016–2025; annual owner earnings fell $191M, $-0.36 per $1 retained.

Balance sheet Meaningful net debt, $394M · dividend paid 1 of 10 yrs, cut at least once

ORLY O'Reilly Automotive Inc.

Reilly is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories across North America, selling our products to both do-it-yourself and professional service provider customers, our "dual market strategy."

Owner earnings 2016–2025 $1.3B$1.2B$1.5B$1.4B$2.5B$2.9B$2.8B$2.6B$2.6B$2.3B

Retained capital Paid out $3.7B more than it earned over 2016–2025; annual owner earnings grew $1.2B.

Balance sheet Modest net debt, $5.8B · buybacks at an average near $31.68

PAG Penske Automotive

Penske runs franchised auto dealerships. It sells new and used vehicles — mostly passenger cars, and also commercial trucks — and earns alongside each sale by servicing and repairing the vehicles, selling parts, and arranging financing and insurance for buyers. The franchises that let it sell new vehicles are granted by the manufacturers whose brands it carries.

Owner earnings 2016–2025 $282M$528M$511M$409M$1.1B$1.2B$1.3B$1.0B$1.1B$803M

Retained capital Retained $4.2B of earnings over 2016–2025; annual owner earnings grew $518M, $0.12 per $1 retained.

Balance sheet Modest net debt, $2.1B · dividend paid 10 of 10 yrs, cut at least once

R Ryder System

Ryder System is a leading provider of outsourced logistics and transportation services throughout North America.

Owner earnings 2016–2025 $414M$370M$329M$262M$1.0B$234M$597M$268M($418M)$459M

Retained capital Retained $720M of earnings over 2016–2025; annual owner earnings fell $268M, $-0.37 per $1 retained.

Balance sheet Heavy net debt, $8.4B · buybacks at an average near $102 · dividend paid 10 of 10 yrs, never cut

RUSHA Rush Enterprises Inc. Common Stock Cl A

We are a full-service, integrated retailer of commercial vehicles and related services.

Owner earnings 2016–2025 $324M($5M)$30M$246M$627M$255M$51M$75M$383M$609M

Retained capital Retained $1.0B of earnings over 2016–2025; annual owner earnings grew $239M, $0.23 per $1 retained.

Balance sheet Modest net debt, $62M · dividend paid 8 of 10 yrs, never cut

RUSHB Rush Enterprises Inc. Class B

We are a full-service, integrated retailer of commercial vehicles and related services.

Owner earnings 2016–2025 $324M($5M)$30M$246M$627M$255M$51M$75M$383M$609M

Retained capital Retained $1.0B of earnings over 2016–2025; annual owner earnings grew $239M, $0.23 per $1 retained.

Balance sheet Modest net debt, $62M · dividend paid 8 of 10 yrs, never cut

SAH Sonic Automotive Inc.

We are one of the largest automotive retailers in the United States.

Owner earnings 2016–2025 $139M$74M$50M$78M$190M$205M$279M($158M)($78M)$418M

Retained capital Retained $153M of earnings over 2016–2025; annual owner earnings fell $27M, $-0.18 per $1 retained.

Balance sheet Heavy net debt, $1.6B · dividend paid 10 of 10 yrs, never cut

SDA SunCar Technology Group Inc.

We are a leading provider of cloud and mobile app-based auto eInsurance services, technology services, and auto services in China.

Owner earnings 2021–2024 ($27M)($20M)($33M)$11M

Retained capital not read

Balance sheet Net cash, +$34M

UHAL U-Haul Holding

A capital-intensive business, run on heavy physical assets that must be kept working and earn a return above what they cost to maintain.

Owner earnings 2017–2026 ($360M)($426M)($894M)($1.2B)$94M($190M)($994M)($1.5B)($2.0B)($1.4B)

Retained capital Retained $5.5B of earnings over 2017–2026; annual owner earnings fell $1.1B, $-0.20 per $1 retained.

Balance sheet Heavy net debt, $7.0B · dividend paid 7 of 10 yrs, cut at least once

YSXT YSX Tech. Co. Ltd

Revenue is Auto Insurance Aftermarket Value-added Services (97%) and Other Scenario-based Customized Service (3%).

Owner earnings 2024–2026 ($695K)($7M)($3M)

Retained capital not read

Balance sheet Modest net debt, $2M

The same four lines for every member, in strict ticker order; a figure that could not be read renders as "not read," never as a mark against the record beside it. The header describes the list and names no member; the entries carry no ranking and form no score. What a chapter cannot carry — understanding of the business, and a price — is yours.