In my ongoing effort to find unconventional ways for investors to benefit from the recent trend of rising automobile sales in America, I have come across several companies operating in alternative areas of the automotive space. From car dealerships like Lithia Motors Inc. (NYSE:LAD) to service repair shops like Monro Muffler Brake (NASDAQ:MNRO), these types of companies provide opportunities for investors to gain exposure to the popular automobile industry while avoiding much of the headline risk. To my surprise, I have found another opportunity in the alternative space, this time in the form of a vehicle auctioneer and remarketing service company, KAR Auction Services, Inc. (NYSE:KAR).
Similar to Lithia Motors Inc. and Monro Muffler...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|